electronic banking

noun

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

Word History and Origins

Origin of electronic banking¹

First recorded in 1975–80

Example Sentences

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

Their instalment marks the first time the island's 11,000 inhabitants have had access to electronic banking.

From BBC

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

From Seattle Times

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

Rodriguez said he and many other entrepreneurs began using electronic banking long before the new measures were announced to comply with tax laws that have evolved with the growing private sector.

From Reuters