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 are wary that a digital euro could reduce demand for their online and electronic banking services, especially since some of them banded together to launch their own payment system Wero.

From Barron's • Feb. 10, 2026

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

Since Iran's financial institutions were completely cut off from the global electronic banking system at the time of the payment, it had to be made in cash.

From BBC • Aug. 3, 2016