Oct 26,2021 | min read

Internet banking service Agreement | Download Free Templates

1. What is an Internet banking service Agreement? 

Internet Banking, also known as net banking or online banking, is an electronic payment system that enables the customer of a bank or a financial institution to make financial or non-financial transactions online via the internet. This service gives online access to almost every banking service, traditionally available through a local branch including fund transfers, deposits, and online bill payments to the customers 

2. Why is it important? 

a. Provides access to financial as well as non-financial banking services 

b. Make bill payments and fund transfers to other accounts 

c. Safe and secure mode of banking 

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