Meaning of online bank in English:

online bank


  • A bank that operates over the internet.

    ‘many online banks provide saving accounts with high interest rates’
    • ‘They're planning to raise the capital to start an online bank.’
    • ‘Barclays today beat Egg to become Britain's most visited online bank.’
    • ‘You may be about to lose your online bank account.’
    • ‘Bond has never quite denied he would make a play for Merrill, with which HSBC now runs an online bank.’
    • ‘Smile is the Co-operative Bank's online bank.’
    • ‘Last week four eastern Europeans appeared in a London court charged with defrauding online banks of hundreds of thousands through an elaborate phishing scam.’
    • ‘Prudential Insurance, which owns 79 per cent of the online bank, is keen to sell the business.’
    • ‘Livedoor in January announced plans to launch an online bank with Saikyo Bank Ltd., a midsize lender in western Japan.’
    • ‘The online bank drew 30,000 accounts, vs. 146 million for the rest of Citigroup's banking operation.’
    • ‘The online bank's UK operation recently reported its third straight quarterly pre-tax profit.’