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 pay  
  • Pros and cons of online bill pay

<<Pros<<<<Cons<<
Bills are in one placeRisk of overdrawing account
Payments can be automaticFraudulent charges missed
Environmentally friendlyProcessing 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 convenienceLost privacy
cost savingsSecurity risks
Less crimeTechnology issues
Paper trailsEconomic inequality
Easier international travelEase of overspending

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