Internet Banking Essay

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Second Edition

Internet Banking

E-TRANSACTIONS A N D YO U

Internet Banking

A consumer education programme by:

contents

1 2 3

Introduction Banking on the Internet Fast and convenient What is needed to do Internet banking? How to apply to be an Internet banking user?

4

Banking services available online Before you sign up Is Internet banking safe? Internet security threats Privacy of your personal information Frequently asked questions Glossary

5 9 10 12 16

Disclaimer This document is intended for your general information only. It does not contain exhaustive advice or information relating to the subject matter nor should it be used as a substitute for legal advice. Date: 1 April 2007

Introduction

Manage your finances
from just about anywhere in the world

Internet banking allows you to manage your finances from home, work or from just about anywhere in the world. The purpose of this booklet is to provide information on Internet banking services offered by licensed banking institutions in Malaysia.

BANKING ON THE INTERNET

Currently, only banking institutions licensed under the Banking and Financial Institutions Act 1989 and the Islamic Banking Act 1983 are allowed to offer Internet banking services in Malaysia. A list of banking institutions that were granted approval by Bank Negara Malaysia to offer Internet banking services is available on Bank Negara Malaysia's home page www.bnm.gov.my.
FAST AND CONVENIENT

Internet banking provides you with a fast and convenient way to undertake various banking transactions during and after banking hours. Most banking institutions offer the service 24 hours a day, 7 days a week. You avoid travelling time and the need to wait in queues to access banking services or to pay bills.

2

WHAT IS NEEDED TO DO INTERNET BANKING?

Internet banking does not require special software or...

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