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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


  • 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 place

Risk of overdrawing account

Payments can be automatic

Fraudulent charges missed

Environmentally friendly

Processing time

secure


  • 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


  • 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

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


  • 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 place

Risk of overdrawing account

Payments can be automatic

Fraudulent charges missed

Environmentally friendly

Processing time

secure


  • 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


  • 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

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