On-line banking allows customers to carry out financial transactions on a secure website that is managed by a retail or virtual bank. Its common features can be classified into two broad categories. These are transactional or non-transactional.

Online Banking

Online Banking

The transactional features cover electronic bill presentment and payment, fund transfers, investment purchases or sales, and loan applications and transactions. Its non-transactional features include on-line bank statements, check links, and chat.

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