Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

what is Internet Banking?How to use it?

I don't know what's it's use and can we know our Current Balance of our A/c through Internet Banking?

2 Answers

Relevance
  • Anonymous
    7 years ago

    hi dear,

    >>>What is Internet Banking?

    Banking online or by phone allows you to make banking transactions such as transferring money, paying a bill, checking your balance or setting up a regular payment on your bank or building society’s secure website . Online banking is accessible via a computer or a mobile phone. Also known as internet banking. - See more at: http://www.payyourway.org.uk/payments-explained/in...

    >>>How to use it

    1.You will need to speak to your bank to get set up to use their phone or internet banking service.

    2.You will need the name, sort code and account details of the company/or person you want to pay. You will also be asked to provide a reference so that the person or company receiving the number knows what the payment is for.

    ->internet bankingOnline payments

    You will need to log on to your bank or building society’s internet banking service. Although different banks will structure their websites in different ways when making a payment you are likely to be asked to select the recipient from a list of previous payees (or recipients) or to input a new payee’s details (and there may be additional security checks before you can add a new recipient). You’ll then be asked to enter the amount you want to pay, and to re-verify that the amount is correct. Your payment will be confirmed.

    ->telephone bankingPhone payments

    Work in a similar way to internet banking and you will need to have registered to use the service. Your bank will have a designated phone banking number, and you will need to answer some security questions before you can check your balance or set up or make a payment.

    i hope this will help you...

  • 7 years ago

    Internet Banking will allow you to check your balance as often as you want. You can also do payments/transfers to other bank accounts.

    You can access Internet Banking it by going to your Banks website and log on with the username/password which the bank provides. You will be prompted to set your own password the first time you logon.

    Please be very careful with the password and do not share with anyone.

Still have questions? Get your answers by asking now.