Online banking (or Internet banking) is a term used for performing transactions, payments etc. over the Internet through a bank, credit union or building society's secure website. This allows customers to do their banking outside of bank hours and from anywhere where Internet access is available. In most cases a web browser is utilized and any normal internet connection is suitable. No special software or hardware is usually needed.
Online banking usually offers such features as:

• bank statements, with the possibility to import data in a personal finance
  
• electronic bill payment
  
• funds transfer between a customer's own checking and savings accounts
  
• investment purchase or sale
  
• loan applications and transactions, such as repayments
  
• account aggregation to allow the customers to monitor all of their accounts.