The growing importance of use of Internet banking asanother service delivery channel by banks to theircustomers lead to a number of supposition anddeductions been made on the value creation ofInternet banking and its extent of use. In the lightof this, a profound and comprehensive study wasconducted with the aim to first, determine the extentof use of Internet banking in Sweden, second, tovalidate the conjecture and the anecdote inferencesthat Internet banking provides values to both thebank and its customers. The results provide first,evidence of the high rate of adoption of Internetbanking in Sweden, second, the values the banks andits customers have enjoyed since the advent ofInternet banking.