Meaning of the word "telephone banking" in English

What does "telephone banking" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

telephone banking

US /ˈtel.ə.foʊn ˈbæŋ.kɪŋ/
UK /ˈtel.ə.foʊn ˈbæŋ.kɪŋ/
"telephone banking" picture

Noun

1.

a service provided by a bank that allows customers to perform banking transactions over the telephone

Example:
I used telephone banking to check my account balance.
You can pay your bills through telephone banking.
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