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English definition of “internet banking”

internet banking

noun [U] (also Internet banking)    
BANKING, INTERNET the process or activity of managing bank accounts or operating as a bank over the internet: Internet banking is much cheaper than the traditional bricks and mortar version. They are attempting to boost their current account business by launching a new internet banking service. → Compare e-banking
(Definition of internet banking noun from the Cambridge Business English Dictionary © Cambridge University Press)
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