explain any four ways of doing e banking. pls explain
Ways of doing e-banking are:
1. Electronoc Fund Transfer- e- banking allows transfer of funds electronically.
2. Automated Teller Machine (ATM): These are automatic vending machines used to withdraw or deposit money. The bank customers can withdraw or deposit money 24*7 through ATMs.
3. Credit card: It allows the card holder to make purchases through bank without making any deposits to the bank. It is also known as plastic money.
4. Debit card: With the help of debit card, the customer can make a purchase and instruct the bank to automatically transfer the money to the seller's account.
E- banking allows individuals and firms to conduct banking transactions over the internet using their computers or mobile phones.
1. Electronoc Fund Transfer- e- banking allows transfer of funds electronically.
2. Automated Teller Machine (ATM): These are automatic vending machines used to withdraw or deposit money. The bank customers can withdraw or deposit money 24*7 through ATMs.
3. Credit card: It allows the card holder to make purchases through bank without making any deposits to the bank. It is also known as plastic money.
4. Debit card: With the help of debit card, the customer can make a purchase and instruct the bank to automatically transfer the money to the seller's account.
E- banking allows individuals and firms to conduct banking transactions over the internet using their computers or mobile phones.