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.

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.

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
Modern Language Association (MLA):
Telephone Banking. Payroll & Accounting Heaven Ltd. August 06, 2021
Chicago Manual of Style (CMS):
Telephone Banking. Payroll & Accounting Heaven Ltd. (accessed: August 06, 2021).
American Psychological Association (APA):
Telephone Banking. Retrieved August 06, 2021, from website:

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 | 1,020 Views.