Define: Telephone Banking

UK Accounting Glossary

Definition: Telephone Banking


Quick Summary 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.



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.


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.




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. July 20, 2019 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: July 20, 2019).
American Psychological Association (APA):
Telephone Banking. PayrollHeaven.com. Retrieved July 20, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/telephone-banking/

Definition Sources


Definitions for Telephone Banking are sourced/syndicated from:

  • Oxford Dictionary Of Economics
  • BusinessDictionary.com
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 4th May 2019.