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IB in Accountancy Meaning

The IB meaning in Accountancy terms is "Internet Banking". There are 2 related meanings of the IB Accountancy abbreviation.

IB on Accountancy Full Forms

  1. Internet Banking Online banking (or Internet banking or E-banking) allows customers of a financial institution to conduct financial transactions on a secured website operated by the institution, which can be a retail bank,virtual bank, credit union or building society.To access a financial institution's online banking facility, a customer having personal Internet access must register with the institution for the service, and set up some password (under various names) for customer verification. The password for online banking is normally not the same as for [telephone banking]. Financial institutions now routinely allocate customers numbers (also under various names), whether or not customers intend to access their online banking facility. Customers' numbers are normally not the same as account numbers, because number of accounts can be linked to the one customer number. The customer will link to the customer number any of those accounts which the customer controls, which may be cheque, savings, loan, credit card and other accounts. Customer numbers will also not be the same as any debit or credit card issued by the financial institution to the customer.
  2. Internet Bank

Frequently Asked Questions (FAQ)

  1. What does IB stand for Accountancy?

    IB stands for Internet Bank in Accountancy terms.

  2. What is the shortened form of Internet Banking in Accountancy?

    The short form of "Internet Banking" is IB for Accountancy.

Citation

IB in Accountancy. Acronym24.com. (2022, February 19). Retrieved May 12, 2024 from https://acronym24.com/ib-meaning-in-accountancy/

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