It also describes how IT innovation has helped banking business evolve that has transformed banking services from conventional banking to E-banking services. E-banking is a creative and innovative method that banks have been utilizing to advance IT technology and continuously provide new practical way of services to customers. Since IT innovation has been subject of much research in the past forty years, several theories have been formed to provide new understanding about the acceptance and the uses of new IT innovation. TAM is being used to investigate how IT innovation has been accepted by individual and at organizational levels by many researchers. It is very interesting to study E-banking acceptance and adoption based on TAM from the past research findings.