Business, Legal & Accounting Glossary
A method of banking in which the customer conducts transactions by telephone.
A home-banking facility that enables customers to use banking services by means of a telephone.
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.
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.
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This glossary post was last updated: 19th January, 2020 | 0 Views.