Online and mobile banking
- Are online banks better than traditional banks?
* Cash deposit
* Easier cash withdrawals
* in person customer service
* Broader range of accounts and products
* Stability of technology
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Online bill pay and recurring payment
* Allows customers to pay their bills electronically
* Recurring bills
* Set up automatic payment each month
* No limit to the number of bill that can enrolled in online bill payPros and cons of online bill pay
| <<Pros<< | <<Cons<< |
|---|---|
| Bills are in one place | Risk of overdrawing account |
| Payments can be automatic | Fraudulent charges missed |
| Environmentally friendly | Processing time |
| secure |
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- How to bank safely
* Never use unsecured public wifi
* Don't save logins
* Use passphrase instead of passwords
* Keep up on updates
* Never click on email links
* Check account often from a safe location
* Use a unique username
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- Pros and Cons of cashless society
| <<^^Pros^^<< | <<cons<< |
|---|---|
| Simplicity and convenience | Lost privacy |
| cost savings | Security risks |
| Less crime | Technology issues |
| Paper trails | Economic inequality |
| Easier international travel | Ease of overspending |