What is an online banking example?

11 Apr 2023

Online banking is a digital payment method that enables customers to manage their bank accounts and perform various financial transactions online. Online banking allows users to view their account balances, transaction history, and to initiate transfers between accounts. It may also offer features such as bill payment, budgeting tools, and alerts for certain types of account activity.

In many cases, online banking can be accessed through a bank's website or mobile app. Online banking examples have become increasingly popular in recent years as more customers seek the convenience of managing their finances from anywhere with an internet connection. Typically, every bank has its own banking payment gateway and online banking app. For example, Klarna, HSBC, Standard Chartered, and many others have their own versions of their digital banks.