electronic banking

American  

noun

1. banking transactions conducted through computerized systems, as electronic funds transfer by automated-teller machines, intended to speed operations, reduce costs, etc.

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Etymology

Origin of electronic banking

First recorded in 1975–80

Example Sentences

European banks meanwhile are wary that a digital euro could reduce demand for their online and electronic banking services.

From Barron's • Feb. 6, 2026

The head of the national bank, Siose Penitala Teo, said the move to electronic banking and payments would open the door to economic empowerment.

From BBC • Apr. 16, 2025

Central Pacific Bank, for example, called their digital checking account Shaka Checking at the suggestion of electronic banking manager Florence Nakamura.

From Seattle Times • Mar. 13, 2024

Her business had already adopted electronic banking but she often needs quick access to cash to pay for emergencies on job sites, she added.

From Reuters • Aug. 21, 2023

In the days before electronic banking, the easiest way to transfer money from one bank to another would be to withdraw the money and then deposit it into the other bank account.

From Encyclopedia.com • Mar. 21, 2018