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 |
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 |