1.4 Online and Mobile Banking

1. Which of the following is an example of online bill pay?

• 1. Using a person-to-person app to repay your friend for dinner

• 1. Using Samsung pay to purchase your groceries at a store

• 1. Setting your bank to send your rent to the landlord monthly on the 25th

• 1. Having your check direct deposited into your bank account

2. Which of the following statements is an advantage of online banking?

• 1. Once you set up online banking, your bank will waive overdraft, ATM, and monthly fees

• 1. Using online banking, you can request transfers, pay bills, and automate your savings without visiting the bank branch

• 1. Online banking is the only way you can make online purchases

• 1. If you set up online banking, your bank will also file your taxes for you automatically

  
  

3. When using mobile banking, which of these is NOT a smart tip to keep your account safe?

• 1. Make sure your phone is password protected

• 1. Only use the official website or app associated with your bank

• 1. Choose clever and secure usernames and passwords, and keep them secret

• 1. Use easy-to-remember numbers for your online PINs, such as your Social Security number, account number, or birthday

  
  

What is direct deposit?

• A process of depositing a check in person

• A process of depositing a check electronically

• A process of withdrawing money from the bank

• A process of transferring money from one bank to another

What is the advantage of using direct deposit over a physical check?

• It saves time and eliminates risk

• 
  It allows you to spend more money

• It gives you a lump sum of money

• 
  It helps you avoid overdraft fees

What is one disadvantage to Digital Wallets?

• Not widely accepted

• Secure since info is not shared

• Less to carry

• Faster to pay

How can you determine the validity of an email?

• By checking the email address and company name

• By responding to the email and asking for more information

• By clicking on the email attachments and links

• By calling the number in the email

Suspicious emails that look similar to company emails are called ________ emails

• phishing

• spam

• conterfeit

• con