Okuzeka
Finance & Banking vocabulary · Fintech & Digital Banking

Online banking

Meaning in finance & banking, with examples

nounCore term

In finance & banking, online banking means: Managing a bank account through the bank's website on a computer, including payments, transfers and statements.

In Turkish: internet bankacılığı, çevrim içi bankacılık

How it is used

Used with customers and in digital teams. Customers register for, log in to and can be locked out of online banking. It is sometimes a general term that also covers the mobile app; 'internet banking' and 'digital banking' are close synonyms.

Example sentences

  1. You can download your statements from online banking at any time.

  2. The customer was locked out of online banking after three wrong passwords.

Common collocations

  • log in to online banking
  • online banking password
  • register for online banking
  • online banking platform
  • mobile bankingUsing a bank's app on a smartphone or tablet to check balances, make payments, transfer money and use other services.
  • fintechShort for financial technology: technology that improves or automates financial services, and the companies that build such products.
  • bank statementA document from the bank that lists all the transactions in an account over a period, with the opening and closing balance.
  • open bankingA system in which banks, with the customer's permission, share account data or let licensed third parties start payments through secure APIs.

More terms: Fintech & Digital Banking

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This page explains English vocabulary for learners. It is not financial advice.