A digital or virtual bank is a financial instrument performing primarily or exclusively through digital channels like websites, mobile apps, and other online platforms. Unlike traditional brick-and-mortar banks, digital banks do not have physical units where clients can visit. Instead, they furnish banking services and conduct commerce electronically, offering convenience and accessibility to their customers. Digital banks generally offer various financial services, including opening and managing bank accounts, completing deposits and withdrawals, transferring funds, disbursing bills, applying for loans and credit cards, and accessing customer support. These services can be accessed remotely through internet-connected devices like smartphones, tablets, and computers.