Everfi Money Moves Part 2 Modern Digital Banking

Which of the following can be done through a mobile banking app?

• Making a deposit

• Checking account balances

• Transferring money

• All of these

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

• Making a deposit

• Withdrawing cash

• Checking an account balance

• Transferring money

What can be done in a mobile banking app that can’t be done online?

• Getting help

• Transferring money

• Depositing a check

• Opening an account

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

. Why would someone need to visit a financial institution branch?

• To transfer money between accounts

• To make a deposit

• To talk to a representative in person

• To check their account balance

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

• t’s convenient.

• It’s easy to use.

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

• You can talk to a representative in person.

What is a possible danger of using public Wi-Fi for completing digital banking tasks?

• You can’t talk to a representative in person.

• Someone could steal your information.

• You won’t be able to withdraw cash.

• You might forget your password.

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.

Which is not a good security precaution to take while using online or mobile banking apps?

• Create a strong password for all accounts

• Avoid using public Wi-Fi

• Use two-factor authentication like a fingerprint scan

• Use public Wi-Fi with a secure password

What are deposits and withdrawals also known as?

• Settings

• Postings

• Transactions

• Alerts