Online banking (or Internet banking or E-banking) allows customers of a financial institution to conduct financial transactions on a secure website operated by the institution, which can be a retail or virtual bank, credit union or building society.It may include of any transactions related to online usage
To access a financial institution's online banking facility, a customer having personal Internet access must register with the Bank for the service, and set up some password (under various names) for customer verification. The password for online banking is normally not the same as for telephone banking. Banks now routinely allocate customer numbers (also under various names), whether or not customers intend to access their online banking facility. Customer numbers are normally not the same as account numbers, because a number of accounts can be linked to the one customer number. The customer will link to the customer number any of those accounts which the customer controls, which may be cheque, savings, loan, credit card and other accounts.
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