A form of banking in which funds are transferred electronically between financial institutions instead of cash, checks, or other negotiable instruments being physically exchanged. The ownership of funds and transfers of funds between financial institutions are recorded on computer systems connected by telephone lines. Customers of the financial institutions can access their records using a password or personal identification number (PIN).
Electronic-banking Sentence Examples
Monopoly Here & Now Electronic Banking Monopoly has been dramatically transformed to keep up with changing lifestyles.
Monopoly finally gets a much needed update with Hasbro's Monopoly Electronic Banking edition.
Monopoly Electronic Banking edition combines classic play with a much needed update to the computer age.
If you take away the brand new electronic banking feature, you are left with the fun of classic Monopoly as the basic rules have not changed much from the original version.
The biggest change is the electronic banking as you no longer need paper money or a cash tray.