A bank that conducts its business exclusively via the Internet; in contrast to – a bank with a branch system, which has accessible business premises or car counters (brick and mortar locations) and – an Internet bank (click and mortar bank), which serves customers both via conventional counters and via the Internet. – The main problems of these types of banks are – supplying customers with cash and – collecting checks. – See ATM withdrawal fee, bank, mixed, direct bank, ATM lock, home banking, Internet bank, Internet counter, moonlight banking, online banking. – Cf. Deutsche Bundesbank’s Monthly Report of September 2006, pp. 24 f. (Earnings situation of Internet banks since 2000) and, in update, the respective September report of the Deutsche Bundesbank.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
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https://www.gerhardmerk.de/