noun phrase · neutral
online banking
UK/ˌɒnˈlaɪn ˈbæŋkɪŋ/US/ˌɔnˈlaɪn ˈbæŋkɪŋ/ON·line·BANK·ing
banking services that you access and use on the internet rather than in a branch
Examples
“Online banking makes it easy to transfer money between accounts late at night.”
“Many people prefer online banking for checking balances and paying bills.”
“Security is a major concern for online banking users.”
Band 8 sentence
“I rely on online banking to monitor transactions daily and to automate bill payments.”
Collocations
- use online banking
- secure online banking
Word family
Common mistakes
bank online→online banking / bank online (verb)
on-line banking→online banking
Say it for a higher band
5bank online→6internet banking→7+online banking
Synonyms
internet banking
Easily confused
mobile banking
“Mobile banking apps allow you to deposit checks by taking a photo with your phone.”
Related words
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In Shopping & Money
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