Electronic Banking

Internet banking or electronic banking is an electronic payment system that allows a client of a bank or other financial institutions to make various monetary transactions online. This service provides online access to nearly all banking services traditionally available through local branches, including fund transfers, deposits and online customer bill payments. Anyone who has a registered account with a bank or other financial institution can get access to Internet banking.
This is not only a convenient, but also a secure way of banking services. Internet banking portals are protected by unique user IDs and passwords.

Functions performed by Internet banking:

1. Paying bills and transferring funds to other accounts.
2. Provides access to various financial and other banking services.
3. Allows you to check the balance at any time.
4. The ability to purchase insurance.
5. Setting up automatic recurring payments.
6. Investment tracking.

The advantage of online banking:

• 24/7 availability. Users can instantly check their bank balances, account statements and transfer funds at any time. Most of the services are not limited in time.
• Convenience. Internet banking is largely preferred due to the convenience it provides when transferring funds and paying bills. Registered users can use almost all banking services without visiting the bank or standing in lines. Financial transactions can be scheduled at any time.
• Monitoring transactions. A detailed description of the transfer process can be tracked in the Transaction History section along with other details such as beneficiary’s name, bank account number, amount paid, date and time of payment.
• Speed ​​and reliability. All banking transactions are reliably protected by powerful anti-fraud systems that monitor the system for the slightest violations. It ensures high data transfer rates and security.