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Acronyms that contain the term online banking 

What does online banking mean? This page is about the various possible meanings of the acronym, abbreviation, shorthand or slang term: online banking.

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BBO

Business Banking Online

Business » Banking

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OLB

Online Banking

Business » Banking

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OBSN

Online Banking Security Number

Business » Banking

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RTOB

Real Time Online Banking

Business » Banking

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SBOB

Small Business Online Banking

Business » Banking

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BBO

Business Banking Online

Business

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OBC

Online Banking Community

Community

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OBS

Online Banking Solutions

Computing » IT

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OBS

Online Banking Services

Computing » IT

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OLBB

Online Banking for Business

Internet » Websites

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OLBB

Online Banking for Business

Business » Banking

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OLBB

Online Banking for Business

Business

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What does online banking mean?

Online banking
Online banking allows customers of a financial institution to conduct financial transactions on a secure website operated by the institution, which can be a retail or virtual bank, credit union or building society. To access a financial institution's online banking facility, a customer having personal Internet access must register with the institution for the service, and set up some password for customer verification. The password for online banking is normally not the same as for telephone banking. Financial institutions now routinely allocate customer numbers, whether or not customers intend to access their online banking facility. Customer numbers are normally not the same as account numbers, because a number of accounts can be linked to the one customer number. The customer will link to the customer number any of those accounts which the customer controls, which may be cheque, savings, loan, credit card and other accounts. Customer numbers will also not be the same as any debit or credit card issued by the financial institution to the customer. To access online banking, the customer would go to the financial institution's website, and enter the online banking facility using the customer number and password. Some financial institutions have set up additional security steps for access, but there is no consistency to the approach adopted.

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