virtual bank
Definition
A direct-banking entity that provides its services primarily through Internet-based infrastructure. Customer services, such as depositing, withdrawals, and money transfers are facilitated through a network of compatible technologies such as automated teller machines, computer and mobile phone check scanning, and online account management.
Use virtual bank in a sentence
“ I never have to drive to the bank and wait in line again because I use a virtual bank online. ”
“ You should try to have a good reputation with a virtual bank that will give you greater flexibility in the futuer. ”
“ If you are looking for a way to make paying what you owe easier you may want to try and get involved with a virtual bank. ”
