Which of these can be considered “online banking ” i. a brick-and-mortar bank that allows its customers to transfer money online. ii. a bank that has only a few branches but has customers depositing money online. iii. a bank that does not exist as a real building, but only has an internet presence.
a. i and ii
b. ii and iii
c. iii only
d. i, ii, and iii?

Answer

i, ii, and iii

a brick-and-mortar bank that allows its customers to transfer money onlinea bank that has only a few branches but has customers depositing money onlinea bank that does not exist as a real building, but only has an internet presence.

Explanation

An online banking is a method of banking in which transactions are conducted electronically over the Internet. Online banking gives you the ability to manage money online with your mobile device or computer. By this there is no need to to visit a branch personally because you can access the services wherever you are as long as you have internet connection.You can monitor your account, make transaction and also transfer funds between accounts through the use internet.

D. i, ii, and iii can be considered “online banking ”. Many banks prefer online banking as brich-and-mortar bank is very expensive facility.

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