Online banking is one of the services that retail banks, credit unions, and building societies provide to their customers. There are also some banks that are purely online and they have no physical branch with tellers that you can interact. With the rapid growth of using of credit cards, debit cards, and other online payment services like PayPal adds to the diversity by which people move their money around. All of these makes people more comfortable with the idea of virtual monetary transactions or in other terms a cashless transactions.
