This document discusses internet banking in Bangladesh. It defines internet banking as a system that allows customers to view accounts, pay bills, and transfer money via the internet. It notes that internet banking first began in the 1980s and was introduced in the US in 1994. Several major banks in Bangladesh now offer internet banking services, allowing customers to perform transactions remotely with convenience. However, internet banking also presents some risks regarding computer skills and security.

1. Internet Banking

2. Contents
 Definition
 History
 Internet banking
in Bangladesh
 Online Banks in
Bangladesh
 How to access internet
banking
 Merits and Demerits
 Conclusion.

3. Definition
 Internet Banking also known as online banking, e-
banking or virtual banking.It is an electronic
payment system.
A system of banking in which customers can view
their account details, pay bills, and transfer money
by means of the internet.
The remote delivery of new and traditional banking
products and services through electronic delivery
channels.

4. HISTORY
 Programmers working on banking data bases came up with
ideas for online banking transactions, some time during the
1980's.
 The first online banking service in United States was
introduced, in October 1994.
 In May 1995 : Wells Fargo - the first bank in the world to
offer customer access to their accounts over the
internet(allows customer to see their accounts online).

5. Use of types of Banking

6. Internet Banking in Bangladesh
Internet Banking is growing popular day by day in
Bangladesh. A number of private as well as local banks
are going online now considering the demand and
necessity of fast banking. Internet banking not only
provides banking facility round the clock but also helps a
country to get attached to the international economy as
well as business. People throughout the world are now
getting engaged with more activity and business.Internet
banking also facilitates buying and selling various
products which varies country to country.

7. Online Banks in BANGLADESH
In Bangladesh many banks have launched
Internet Banking. These are HSBC Bank,City
Bank,Jamuna Bank,Dutch Bangla Bank,AB
Bank,Mercantile Bank,Premier Bank etc.These
also provides various facilities.

8. Services
 Online Bill Payment
 Credit Card
 Insurance
 Recharging prepaid
phone
 Shopping
 Online applications
 Ticket bookings

9. HOW TO ACCESS INTERNET BANKING
Before you can access your account
online, you’ll need to register with your
bank for Internet banking.
Your bank will give you a registration
number or login ID. You’ll also need a
password (IPIN). Your Internet password
is different from the PIN you use with
your debit card.
Once your bank has approved your
registration, you’re able to access your
accounts online.

10. Merits
 Convenience 24 hours a day, seven days a week
 Cost Reducing transfer fees
 Communicate easily
 Offering one-stop-shop
solutions

11. Demerits
 A need for customer skill to deal with computers and
browsers.
 Many people who are not comfortable with computers
and the Internet, often find it difficult to use internet
banking
 For beginners, internet banking is really time consuming
 In many instances, a simple mistake, like clicking a
wrong button, may create a big problem.

12. Conclusion
 Internet banking is changing the banking
industry and is having the major effects on
banking relationships.
 A developing country like Bangladesh can make
the best out of Internet Banking and banks are
completely into it.
