Multiple choice

Which of the following is a facility provided by a financial institution to its customers to conduct financial transactions on a secure website operated by the institution?

  1. Automated Clearing House(ACH)

  2. Automated Teller Machine(ATM)

  3. Telephone banking

  4. Online banking

  5. EFTPOS

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Online banking (or internet banking or e-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.