From Longman Dictionary of Contemporary EnglishInternet bankingˈInternet ˌbanking (also online 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 DictionaryInternet bankingˌInternet ˈbankingBANKINGCOMPUTING the services provided by banks that only exist on the InternetInternet banking allows customers to carry out transactions, money transfers and other business 24 hours a day. → banking