From Longman Dictionary of Contemporary Englishonline bankingˌonline ˈbanking (also Internet banking) noun [uncountable] a service provided by banks so that people can find out information about their bank account, pay bills etc using the InternetFrom Longman Business Dictionaryonline bankingˌonline ˈbanking (also electronic banking)BANKINGCOMPUTING a service provided by banks that allows people to pay money from one account to another, pay bills etc over the InternetWith electronic banking, consumers can pay credit card, utility and other bills and check their bank accounts using their PC. → banking