A telebanking apparatus for performing monetary transactions from remote dispersed locations and, more particularly to apparatus for transferring cash value or monetary value between two parties, either nationally or across national borders. The telebanking apparatus is equipped to receive, store and transfer cash value to or from electronic cash value cards, credit cards, debit cards and the like, as well as to use such cash value and credit cards for the electronic payment of bills online. The disclosed apparatus additionally includes a handheld electronic device also providing such value transfer and bill payment services while traveling.