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

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

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 • Aug. 21, 2023

Cash is king in Nigeria - electronic banking it still in its infancy.

From BBC • Jan. 11, 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