Everfi Money Moves - Lessons 2 Modern Digital Banking

Which of the following cannot be done through a mobile banking app?

• Making a deposit

• Withdrawing cash

• Checking an account balance

• Transferring money

If someone wanted to talk to a financial institution representative in person they would need to _____.

• use a mobile app

• visit the financial institution

• log on to the financial institution’s website

• go to an ATM

Which of the following is not a benefit of digital banking (online and mobile)?

• It is convenient

• It easy to use

• It has many of the same features as in-person banking

• You can talk to a representative in person

Why is it a good idea to turn off Wi-Fi while using a mobile banking app?

• Wi-Fi is faster than cellular

• Cellular is faster than Wi-Fi

• Cellular data is more secure than public Wi-Fi

• Public Wi-Fi is more secure than cellular data

What are deposits and withdrawals also known as?

• Settings

• Postings

• Transactions

• Alerts

You can see a record of recent transactions while checking your _____.

• financial institution’s ATM locations

• account balances

• Wi-Fi settings

• mobile banking app settings

Which of the following needs to be done before depositing a check using a mobile app?

• The person or company that wrote the check must add you to their contact list

• "For mobile deposit" needs to be written or checked off on the back of the check.

• The name of the financial institution must be written on the back of the check.

• Your social security number needs to be written on the back of the check

Moving money from a savings account to a checking account at the same financial institution is called a _____.

• deposit

• bill pay

• balance

• transfer

If you wanted to move some money from your checking account to your savings account, what button would you select in a mobile banking app?

• Transfer

• Deposit

• Deposit

• Account

Which is not a feature of a mobile banking app?

• Bill paying

• Help from customer service

• Ordering food for delivery

• Locating nearby financial institutions and ATMs