ECONOMICS (CBSE/UGC NET)

ECONOMICS

BUDGETING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of these is the most convenient feature of using online and mobile banking?
A
Once you set up online banking, your bank will waive overdraft, ATM, and monthly fees
B
By signing up for online banking, you will activate the FDIC insurance on your account
C
Using online banking, you can request transfers, bill pay, automatic savings, and other features without visiting the bank branch
D
You can shop online only if you’ve set up online banking
Explanation: 

Detailed explanation-1: -The whole point of having a mobile app is to be able to access your money so it can do what you need it to do. That includes the ability to deposit checks, pay bills, make loan payments and transfer money between accounts from anywhere you are.

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.

Detailed explanation-3: -Mobile & Online Banking Features. Mobile Check Deposit. Send & Receive Money with Zelle® Transfer Between Accounts. Bill Pay.

Detailed explanation-4: -Net banking allows convenient access to a variety of banking services. Customers can easily check account balances and transaction history. Online bill payments and fund transfers are simple and efficient. Net banking provides a secure environment for conducting banking transactions. More items •30-Dec-2022

There is 1 question to complete.