telephone banking

telephone banking
Fin
a system in which customers can access their accounts and a variety of banking services up to 24 hours a day by telephone. Apart from convenience, customers usually benefit from higher interest rates on savings accounts and lower interest when borrowing, as providers of telephone banking have lower overheads than traditional banks.

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  • telephone banking — ➔ banking * * * telephone banking UK US noun [U] ► BANKING services offered by a bank to its customers by telephone: »They no longer need a local bank branch after switching to telephone banking …   Financial and business terms

  • Telephone banking — is a service provided by a financial institution which allows its customers to perform transactions over the telephone.Most telephone banking use an automated phone answering system with phone keypad response or voice recognition capability. To… …   Wikipedia

  • telephone banking — n [U] a service provided by banks so that people can find out information about their bank account, pay bills etc by telephone rather than by going to a bank …   Dictionary of contemporary English

  • telephone banking — noun Telebanking • • • Main Entry: ↑telephone …   Useful english dictionary

  • telephone banking — A home banking facility enabling customers to use banking services by means of a telephone link …   Accounting dictionary

  • telephone banking — A home banking facility enabling customers to use banking services by means of a telephone link …   Big dictionary of business and management

  • telephone banking — UK / US noun [uncountable] banking services provided to customers by telephone …   English dictionary

  • telephone banking — /ˌtelɪfəυn bæŋkɪŋ/ noun a service by which a bank customer can carry out transactions over the phone using a password. It may involve direct contact with a bank representative or may be automated used the phone dial …   Dictionary of banking and finance

  • banking — bank‧ing [ˈbæŋkɪŋ] noun [uncountable] 1. BANKING the business activity of banks and similar institutions: • a large, New York based banking company • The banking industry will strongly oppose these new regulations. conˌsumer ˈbanking BANKING… …   Financial and business terms

  • Banking in Canada — is one of the most efficient and safest banking systems in the world. [http://www.weforum.org/gcr World Economic Forum Global Competitiveness Report] , World Economic Forum, In the 2007 2008 report Canada is ranked 2nd in the Soundness of banks… …   Wikipedia

  • telephone — {{Roman}}I.{{/Roman}} noun ⇨ See also ↑phone ADJECTIVE ▪ public ▪ office ▪ The office telephones were all out of order. ▪ cellular, cordless …   Collocations dictionary

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