LeoGlossary: Online Banking

How to get a Hive Account

This is also known as Internet banking.

See electronic banking

Online Banking is a system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution's website or mobile app. It is also sometimes called mobile banking, since it can be done through your smartphone or tablet and goes through the Internet.

Online banking is a convenient and secure way to manage your finances. It is also typically free to use.

To get started with online banking, you will need to create an account with your bank or financial institution. This can usually be done online or by calling customer service. Once you have created an account, you will need to provide your bank or financial institution with some basic information, such as your name, address, and Social security number.

Once your account is set up, you can log in and start using online banking immediately. You will be able to view your account balances and transaction history, transfer money between accounts, pay bills, and deposit checks. You may also be able to apply for loans and credit cards, manage investments, and more.

Online banking is a secure way to manage your finances. Banks and financial institutions use a variety of security measures to protect their customers' information, such as encryption and firewalls.


Here are some of the benefits of using online banking:

  • Convenience: Online banking can be done from anywhere with an Internet connection, at any time of day or night.
  • Speed: Online transactions are processed quickly and efficiently.
  • Security: Banks and financial institutions use a variety of security measures to protect their customers' information.
  • Cost-effectiveness: Online banking is typically free to use.

Online Banking Services

Online banking offers a wide range of services, including:

  • Account management: View account balances and transaction history, order checks, and update personal information.
  • Bill pay: Pay bills electronically, set up recurring payments, and view payment history.
  • Transfers: Transfer money between your own accounts or to other people's accounts.
  • Deposits: Deposit checks remotely using your smartphone or computer.
  • Loans: Apply for and manage loans, including personal loans, mortgages, and auto loans.
  • Credit cards: Apply for and manage credit cards, including tracking spending and making payments.
  • Investments: Trade stocks, bonds, and other investments.
  • Customer support: Contact customer service representatives through chat, email, or phone.

Some banks also offer additional services through online banking, such as:

  • Financial Planning tools: Create budgets, set financial goals, and track your progress.
  • Fraud alerts: Receive alerts about suspicious activity on your account.
  • Mobile banking: Access online banking services from your smartphone or tablet.


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