Meaning of the word e-banking in English

What does e-banking mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

e-banking

US /ˈiːˌbæŋ.kɪŋ/
UK /ˈiːˌbæŋ.kɪŋ/

Noun

the practice of conducting banking transactions over the internet

Example:
Many customers prefer e-banking for its convenience.
You can pay your bills through e-banking.