Banking Apps

What is the purpose of a banking app?

• To provide users with cooking recipes

• To offer gardening tips

• To provide users with convenient access to their bank accounts and financial services.

• To teach users how to knit

Name one benefit of using a banking app.

• Convenience

• Unlimited data

• Weekly discounts

• Free snacks

How can you securely log in to a banking app?

• Use a weak password

• Use a strong password, enable two-factor authentication, download from a legitimate source, avoid public Wi-Fi networks.

• Download from an unverified source

• Disable two-factor authentication

What features are commonly found in banking apps?

• Video streaming, photo editing, online shopping

• Account balance checking, transaction history viewing, fund transfers, bill payments, ATM locators, customer support chat, security features

• Flight booking, language translation, fitness tracking

• Weather forecast, social media integration, recipe suggestions

Explain the process of transferring money using a banking app.

• Transferring money requires physical presence at the bank branch

• The process involves logging in, entering recipient details and amount, verifying, and confirming the transaction.

• The process involves sending a text message to the recipient

• To transfer money, one must shout the recipient's details out loud

What is two-factor authentication and why is it important for banking apps?

• Two-factor authentication is a way to share passwords with others for convenience.

• Two-factor authentication is a feature that slows down the login process and is not user-friendly.

• Two-factor authentication adds an extra layer of security by requiring users to provide two different authentication factors to verify themselves.

• Two-factor authentication is not necessary for banking apps as they are already secure.

How can banking apps help users track their expenses?

• By organizing social events

• By offering gardening tips

• By providing features such as categorizing transactions, setting budgets, generating spending reports, and sending notifications for large purchases.

• By providing cooking recipes

What should users do in case they lose their phone with the banking app installed?

• Post about it on social media

• Ignore it and hope it turns up

• Contact the bank to deactivate the app access and monitor account activity.

• Ask a stranger to help locate it

How can users protect their personal information while using banking apps?

• Clicking on suspicious links in emails

• Follow security best practices such as downloading from legitimate sources, using strong passwords, enabling two-factor authentication, avoiding public Wi-Fi, keeping the app updated, and being cautious of phishing.

• Using the same password for all accounts

• Sharing personal information on social media