Internet banking.

Internet banking is possibility to make all standard operations which can be carried out by the client at bank office (except for operations with cash), on the Internet. Internet banking is the virtual automated operational hall of bank.

Appeal of retail on-line bank services is obvious - it is possible to operate the account, to do necessary payments, to buy and sell currency, to place deposit money at any time, seven days in a week, from any point of the world. The client doesn't have need to get and establish any specialized software, it is possible to use the standard browser. For example, being in other city or abroad, it is possible to fill up a plastic card from the bank account, having come into an Internet cafe, and then to remove means in any ATM. It is possible to recharge urgently the cellular operator or Internet provider, it is possible to carry out utility bills.

To bank of benefit of Internet banking are also obvious - reduction of costs for servicing and on administrative expenses. Researches showed that one operation (transaction) in branch of bank costs 1, 2 dollars, via the ATM - 54 cents, via phone - 26 cents, and on the Internet - only 12 cents. Besides development of virtual representation in replacements of a "real" branch network, introduction of round-the-clock service - all these advantages are also obvious to banks. The bank has a real possibility of maintaining in relation to the enterprises of more flexible tariff policy, expansion of volume and quality of additional services provided to them.

Internet bank can be as the traditional bank serving clients including on the Internet, and the virtual bank bank at which isn't present traditional "live" office. Virtual banks involve clients with higher interest rates and low rates on service of accounts. But outside of the USA trust level to purely virtual businesses is much lower, and in developing countries the Internet enterprises have no chances to obtain into the accounts funds of the population and the companies.