Checking and Savings Account
10th
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
cons
Simplicity and convenience
Lost privacy
cost savings
Security risks
Less crime
Technology issues
Paper trails
Economic inequality
Easier international travel
Ease of overspending