BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of these is the most convenient feature of using online and mobile banking?
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Once you set up online banking, your bank will waive overdraft, ATM, and monthly fees
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By signing up for online banking, you will activate the FDIC insurance on your account
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Using online banking, you can request transfers, bill pay, automatic savings, and other features without visiting the bank branch
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You can shop online only if you’ve set up online banking
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Explanation:
Detailed explanation-1: -Mobile/online banking is the most convenient way to monitor your checking and savings accounts, transfer money from one account to another, and pay your bills. You can have your paycheck automatically deposited in the account of your choice if you also set up a direct deposit at work.
Detailed explanation-2: -Mobile banking apps, for instance, allow you to deposit checks from the comfort of anywhere. At the same time, you can check your balance, transfer funds and set up a notification to alert you if you overdraft your account-all without the need to visit a branch. It’s a real time-saver.
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