Online Banking

(redirected from E-Bank)
Also found in: Encyclopedia.

Online Banking

Banking services offered over the Internet. Online banking often includes access to one's checking and savings accounts, the ability to view balances, and so forth. Many banks (though not all) offer online banking without any additional fees.
References in periodicals archive ?
The e-bank users in our study were predominantly male and under 30 years of age.
In addition, it is also possible to import bank statements using the e-bank statement function.
Clients who wish to complete their e-banking at the site can also do so, with a dedicated e-bank station that links to the bank's online services.
For example, if a customer canceled a flight, the credit would automatically go back into his e-bank.
A person with reduced eyesight will now be able to have the same high level Digipass security as other e-bank account holders.
This e-bank offers its customers the same services they would find at any traditional institution--certificates of deposit, interest checking, overdraft protection and savings accounts--as well as bill payment and brokerage services.
Chuck Hounsell, senior vice-president of e-Bank Canada for TD Canada Trust, says the system will initially be set up for person-to-person (P2P) transactions, but notes it could be used as a bill payment method in the future.
Barclays and Legal & General have formed a 'strategic alliance' whereby the bank will sell L&G financial products - including stakeholder pensions - and close Barclays Life and its e-bank b2 to new business.
It's up to 3,500 e-bank customers -- about 7 percent of its total checking base, said Patrick O'Brien, Internet banking manager.
Amazon's credit-card offerings, and E-Trade's recent acquisition of Telebank, a $4 billion e-bank, are surely a shot across the bow of traditional players and should be watched with interest.
THE Woolwich hopes to have 500,000 customers using its Open Plan e-bank by the end of this year.
Egg, the Prudential's on-line bank, will launch an Internet credit card, an online share-dealing service, a unit trust supermarket and even more competitive rates for some customers as it grows into a fully-fledged e-bank.