What is internet banking

Internet banking is short for Internet banking, also known as Internet banking, online banking or e-banking. It is a virtual counter set up by banks in the Internet, where banks use network technology to provide customers with traditional services such as account opening, account cancellation, inquiry, reconciliation, intra-bank transfer, inter-bank transfer, credit, online securities, investment and finance, and other traditional services item H through the Internet, so that customers are able to securely and conveniently manage their demand and fixed-term deposits, cheques, credit cards, and personal investments without leaving their homes.

The advantages of Internet banking:

(1) Greatly reduce the bank's operating costs and effectively improve the bank's profitability. It reduces the personnel zanjutsu and improves the efficiency of the bank's back-office system.

(2) No time and space limitations, conducive to expanding the customer base. It is conducive to attracting and retaining high-quality customers, as well as actively expanding the customer base and opening up new sources of profit.

(3) The use of the Internet and the bank payment system, easy to meet the needs of customers to consult, purchase and trade a variety of financial products, customers in addition to banking services, but also can be very convenient to buy and sell stocks, bonds, etc. online, online banking can provide customers with more appropriate personalized financial services.