What do online banking, mobile banking, telephone banking and SMS banking mean?

Online banking, also known as online banking, online banking or electronic banking, is a virtual counter set up by banks on the Internet. Banks use network technology to provide customers with traditional services such as account opening, account closing, inquiry, reconciliation, intra-bank transfer, inter-bank transfer, credit, online securities, investment and wealth management, so that customers can safely and conveniently manage current and time deposits, checks, credit cards and personal investments without leaving home.

Mobile banking service, also known as mobile banking, is the abbreviation of using mobile communication networks and terminals to handle related banking business.

Telephone banking is a new high-tech abroad in recent years, which is the basis of realizing the modern management of banks. It closely connects users with banks through telephone, a modern communication tool, so that users can get other services provided by telephone banking anytime and anywhere without going to banks.

Short message banking refers to the electronic banking business in which customers edit the short message service number in a specific format to the bank, and the bank handles related business for customers according to its instructions, and informs customers of the transaction results in the form of short messages.

Extended data:

The characteristic of online banking is that as long as customers have their own account number and password, they can access online banking all over the world to handle transactions through the Internet. Compared with traditional banking services, the advantages of online banking are as follows:

(1) greatly reduces the operating costs of banks and effectively improves their profitability. The second line of Internet I mainly uses public network resources. There is no need to set up physical branches or business outlets, which reduces the use of personnel and improves the efficiency of the bank back-office system.

(2) There is no limitation of time and space, which is conducive to expanding the customer base. Online banking has broken the geographical and time constraints of traditional banking business, and has the characteristics of 3A, that is, it can provide financial services to customers at any time (at any time), anywhere (in any case) and in any way (in any case), which is not only conducive to attracting and retaining high-quality customers, but also actively expanding the customer base and opening up new profit sources.

(3) It is conducive to service innovation and provides customers with diversified and personalized services. Selling financial products such as insurance, securities and funds through bank outlets is often greatly restricted, mainly because it is difficult for ordinary outlets to provide customers with detailed and low-cost information consulting services.

Using the Internet and bank payment system, it is easy to meet the needs of customers for consulting, buying and trading various financial products. In addition to banking, customers can easily buy and sell stocks and bonds online, and online banking can provide customers with more suitable personalized financial services.

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