This study was an exploration of the impact of e-banking on bank deposits in the Nigerian banking industry. The ex-post facto and correlational research designs were adopted. A sample of 21 banks participated in the study. The collection of data was from several secondary sources which include: Publications of the Nigerian Stock Exchange (NSE) Fact Books, Central Bank of Nigeria (CBN) statistical bulletin, the World Bank Development and growth Indicators (WDI) and the selected bank annual reports. The study was guided by one research question and one null hypothesis. The research question and the hypothesis were answered and tested using the linear regression analysis at .05 level of significance. The findings of this study indicated a strong positive correlation between e-banking and bank deposits. There was a significant relationship between e-banking and bank deposits. One of the recommendations of the study was that banks should improve their e-banking operations since it has an unswerving impact on the bank deposits.