Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Skip to content
Home » What is the difference between online banking and internet banking?

What is the difference between online banking and internet banking?

In the realm of modern finance, the terms “Internet banking” and “online banking” are often used interchangeably, yet there are nuanced differences worth noting. Internet banking, alternatively known as web banking or net banking, encompasses the spectrum of customer transactions conducted via an internet browser. This includes interactions on both desktop computers and mobile devices, as well as through dedicated mobile applications. Essentially, it refers to the entire suite of front-end banking activities that clients can perform electronically through an internet connection.

On the other hand, online banking is a subset of internet banking, focusing specifically on transactions carried out via the bank’s website or app. It’s the aspect of internet banking that deals with the backend systems of financial institutions, enabling customers to manage their accounts, transfer funds, pay bills, and perform other banking tasks digitally. In essence, while internet banking encompasses a broader range of customer-facing activities conducted online, online banking delves into the practical, day-to-day tasks individuals undertake when managing their finances remotely.

Understanding these distinctions can help individuals navigate the world of digital banking more effectively. Whether it’s checking an account balance on a mobile app or transferring funds through a bank’s website, both internet and online banking offer convenience and efficiency in managing personal finances. As financial institutions continue to innovate in the digital space, customers can expect these services to evolve, providing ever more seamless and secure ways to handle their money.

(Response: The main difference between online banking and internet banking lies in their scope and focus. Internet banking encompasses a broader range of customer transactions, including those on both desktop and mobile devices, and through mobile apps. On the other hand, online banking specifically refers to the subset of these activities conducted through a bank’s website or app. Both types offer convenience and efficiency for managing finances, with online banking honing in on the practical tasks of day-to-day banking.)