Internetbanker

Internetbanker is a term used to describe a person who conducts banking activities primarily through online channels provided by financial institutions. In some usages, it may also refer to the online banking platforms and the ecosystem that supports internet-based finance, including web portals and mobile applications.

Typical activities of an internetbanker include checking balances, transferring funds between accounts, paying bills, scheduling recurring payments, and managing cards. Internetbankers may also apply for loans, open new accounts, invest through linked services, view statements, receive alerts, and use features such as mobile check deposits. The use of online and mobile banking has grown to encompass messaging, budgeting tools, and integration with digital wallets and third-party payment services.

History and scope: Online banking began to expand in the late 1990s with the internet and has evolved with smartphones and app ecosystems. Modern internetbankers often access a combination of bank-provided portals, mobile apps, and third-party financial services, enabling rapid transfers, remote deposits, and real-time notifications.

Security and privacy: Security relies on authentication, encryption, and sometimes multi-factor authentication. Users face risks such as phishing, malware, credential theft, and unauthorized access, while banks deploy fraud monitoring, risk-based authentication, and transaction alerts. Good practices include using secure devices, strong unique passwords, regular software updates, and careful monitoring of account activity.

Regulation and impact: Internet banking is overseen by financial regulators that address consumer protection, data privacy, and anti-money laundering controls. Adoption offers convenience and potential cost savings and inclusion but depends on reliable internet access and robust cybersecurity.