Definition of Internet banking in US English:

Internet banking

noun

  • A method of banking in which transactions are conducted electronically via the Internet.

    ‘the payment can be made through Internet banking’
    • ‘There are multiple payment options available including internet banking, credit card, debit card and cash card.’
    • ‘Being forced to rely on internet banking will hardly instil confidence in customers.’
    • ‘Many banks now have a closed cloud-style email service built into their internet banking sites.’
    • ‘A young couple were part of a global internet banking scam which could have netted £19million after hacking the accounts of 2,500 people.’
    • ‘The technology of internet banking gave customers anytime access to their banks.’
    • ‘Other benefits include a free cheque book, ATM Card, Account and access to Internet Banking at no charge.’
    • ‘Our customers do not need to change their Internet Banking passwords as a result of this situation.’
    • ‘Online services that are large and growing include internet banking, social networking, online purchasing and health services.’
    • ‘I sent a deposit by internet banking then never heard from her again, so I contacted Action Fraud and they have been excellent!’
    • ‘32% of those who replied use internet banking for transferring funds; 35% use the internet to pay utility bills and 31% use it for paying credit card bills.’