Define: Telephone Banking

Business, Legal & Accounting Glossary

Definition: Telephone Banking


Quick Summary of Telephone Banking


A method of banking in which the customer conducts transactions by telephone.



What is the dictionary definition of Telephone Banking?

Dictionary Definition


A home-banking facility that enables customers to use banking services by means of a telephone.


Advertisement



Full Definition of Telephone Banking


Telephone banking is a service provided by a bank or other financial institution, that enables customers to perform over the telephone a range of financial transactions which do not involve cash or Financial instruments, without the need to visit a bank branch or ATM.


Advertisement



Examples of Telephone Banking in a sentence


He then tried to use telephone banking but the staff had already alerted the fraud protection team.
He used his telephone banking facility to confirm that the money had been credited to his account.
They were able to use their telephone banking service, to transfer the money and to set up the direct debits.



Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/telephone-banking/
Modern Language Association (MLA):
Telephone Banking. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. April 09, 2020 https://payrollheaven.com/define/telephone-banking/.
Chicago Manual of Style (CMS):
Telephone Banking. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/telephone-banking/ (accessed: April 09, 2020).
American Psychological Association (APA):
Telephone Banking. PayrollHeaven.com. Retrieved April 09, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/telephone-banking/

Definition Sources


Definitions for Telephone Banking are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 19th January, 2020