Internet Banking: A Guide for New Users

Internet Banking: A Guide for New Users 1

Internet banking is a big game changer, especially in India, where the country’s largest banks, State Bank of India and ICICI Bank, launched mobile banking apps in August. With various features that include digital payments, transaction monitoring, cash withdrawal, and bill payments, these apps allure customers who now have easy access to their bank accounts 24/7, from any location.

If you’re a new internet banking user, you might have some questions. There’s so much information available that it can be overwhelming, even if you’re technically savvy. So in this blog post, we’re going to take a deep dive into the basics of internet banking and answer all of your questions.

When you go to the bank, you’re not expecting to learn anything. You want to be able to deposit and withdraw money and transfer funds to your bank account. However, once you start using internet banking, you’ll quickly realize that there you need to know of information thats is a guide for new users of internet banking, and we hope you find it helpful.

The Internet has made many things easier for us. For example, we can now communicate with anyone in the world at any time, get information and research from the comfort of our homes, check our bank statements, and pay bills online. However, many people who use the Internet are scared to use it because they’re afraid they’ll lose their money or be hacked. They are so scared of getting scammed. But as long as you’re careful about where you put your money and what you buy online, you have nothing to worry about.

Internet Banking

What is internet banking?

Internet banking is a web-based application that allows you to perform transactions, manage your accounts, and access your statements from anywhere.

Internet banking also includes mobile apps that allow you to access your account from any device. These apps often offer additional features like bill payment, direct deposits, or mobile banking.

Internet banking is a relatively new concept, and it’s only recently that many banks started offering it to customers. Before the mid-2000s, most banks were still using physical branch locations, and customers were forced to visit a branch whenever they needed to make a wire transfer or check their balance.

However, the rise of the Internet and the popularity of online banking has meant that many customers no longer need to visit a branch.

The benefits of internet banking

Internet banking has a lot of benefits, and you must understand what they are. Once you do, you’ll be able to make the most out of your internet banking experience.

Internet banking is when you use an internet connection to manage your bank accounts. It usually involves using a computer, tablet, or smartphone to access your account online. This means you don’t need to go to the bank physically to make changes or get information. In this way, internet banking is a convenient way to handle all your banking transactions.

How internet banking works

Internet banking is a term that encompasses all the different methods of banking on the Internet. There are several types, and they vary from bank to bank.

There are four main categories of internet banking:

Online banking is where you log in to your bank account online, either on a desktop or mobile phone.

Mobile banking – you can access your account on your mobile phone and make deposits and withdrawals.

Mobile app banking is similar to mobile banking, but it uses apps on your smartphone instead of the web.

Fingerprint ID – this method uses your fingerprint to log into your account. Each category of internet banking has its pros and cons. Let’s take a look at each one.

Using internet banking

Internet banking is a feature offered by most banks. With internet banking, you can perform many functions you would come with a physical bank account. These include transferring money between your accounts, depositing money, paying bills, and checking your balance.

Internet banking also allows you to do many things that you would otherwise have to ask your bank.

For example, you can use internet banking to pay bills, transfer money between accounts, and send money to someone else.

And internet banking doesn’t require you to fill out forms. Most of the time, you can enter your login information and go. There are many different types of internet banking, but they all work similarly.

 Frequently Asked Question (FAQs)

Q: How do you log on to Internet Banking?

A: You must first set up an Internet banking account and then access Internet banking by logging onto our website at From there, select “Internet Banking” from the menu on the left side of the page. After clicking on “New User”, a screen will pop-up asking for your user ID and password. Enter your user ID and password to proceed with logging on.

Q: How do I check my current balance?

A: To check your current balance, go back to your home page. If you want to view your credit card information, click on your name and “View Details”.

Q: What does it mean when my balance is zero?

A: You have no funds in your account. Your account has a negative balance because we have applied the money to your existing line of credit, which means it will not appear as a positive balance.

Q: How can I deposit funds into my checking or savings account?

A: You can transfer funds from your current account to any other DBCU or DBCS account using our Web Site. Simply login to our Web site at, select “Accounts” from the menu on the left side of the page, and click on “Transfer Funds.” If you wish to make a one-time transfer from a checking or savings, account to your current account, follow the same steps but click on “Make One Time Transfer.”

Q: Can I use my Discover Card to make purchases online?

A: Yes! You can use your Discover Card number, expiration date, and security code when making online purchases. The security code is printed on your statement as the last four digits of your card number.

Top Myth about Internet Banking

1. I don’t need to be connected to the Internet to use my bank account.

2. I don’t need to be connected to the Internet to use online banking.

3. I can keep my PIN confidential and never disclose it.

4. There are no fees or charges when using my credit card online.

5. I can use a different bank than what I use for my checking account.


In the past, banking was limited to the branch or visiting the bank. These days, however, banks are starting to offer online banking services. This means that you can now perform your banking activities without leaving your home.

While it’s true that the convenience of Internet banking makes it easier to manage your finances, it’s also true that Internet banking requires some technical know-how. So before you start using online banking, make sure you have basic computer skills.

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Alana Martina Dos Santos Aveiro

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