Internet banking includes tools that provide a platform for customers to do their banking through the computer using a network connection to the Internet. For other researchers, internet banking is a new type of information system that uses innovative resources of the Internet and World Wide Web (WWW) to allow consumers to make financial transactions in the virtual space.
Virtual banking or without physical presence. It is considered a virtual bank like a bank without an office and usually associated with virtual banking concept linked to a Car Loan Finance Broker.
From the point of view of the consumer, online banking offers a number of advantages that create value. Cost savings for the bank that can or should affect the customer. It may be cheaper than the telephone, especially if you have a flat rate. However, there are a set of obstacles or difficulties that inhibit optimal online banking adoption.