What is Online Banking

Online banking, also known as Internet banking, is a modern banking system provided by banks and other forms of financial institutions that allows clients to execute financial transactions and manage their finances remotely, that is, via the Internet.

The History of Online Banking

When was online banking invented? Although banks started using computers to power ATMs and streamline some of their operations in the ‘60s, the development of online banking as we know it started taking shape in the‘80s.