What Is Online Banking?
Definition
Managing your bank account through a website on your computer. Similar to mobile banking but accessed through a browser rather than an app.
Example: "I pay my credit card bill through online banking every month."
Why It Matters
Online banking gives you full access to your accounts from any computer with an internet connection. Most banks offer the same features through their website as their mobile app: view balances, transfer money, pay bills, download statements, and manage account settings. Online banking is especially useful for tasks that are easier on a larger screen, like reviewing detailed transaction histories or downloading statements for tax preparation. Always verify you're on your bank's official website, look for the padlock icon, and log out when finished.
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