telephone banking
accessing bank account by telephone a system in which customers can access their accounts and a variety of banking services 24 hours a day by telephone.
Related definitions of "telephone banking"
- Also called telebanking
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accessing bank account by telephone a system in which customers can access their accounts and a variety of banking services 24 hours a day by telephone.
Traditionally, retail banks have provided these services directly to the customer via branches. While many still do this, retail banks now offer their services by telephone and the internet as well. Some operate solely via the internet and do not have facilities to serve customers at physical
tax). The country is surrounded on three sides by France, and occupies just under two square kilometers, next to the Mediterranean sea. Customs, postal services, telecommunications, and banking in Monaco are governed by an economic and customs union with France. The official currency is the euro.
As part of this process, the central bank said in February 2010 that it planned to grant two licenses for foreign institutions to set up units in Libya as part of promoting the role of the private sector in the country. The foreign banks will control 49% of their Libyan subsidiaries and have full management control, while the remaining 51% holding will be owned by domestic investors
Cash-flow reporting is aided by cash-flow accounting, which records changes in cash flows directly. Incoming and outgoing payments of liquid funds, such as cash in hand and bank savings, are analyzed in real time and recorded according to their cash flow classes in revenues and expenditures.
By Hans-Dieter Scheuermann
Definitions of ’telephone banking’ and meaning of ’telephone banking’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’telephone banking’ and other financial terms with our online QFINANCE Financial Dictionary.