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Biblioteka

1.5 Online & Mobile Banking Due (Due 8/23/22 SOC)

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1.5a Online & Mobile Banking

Obavezno
5

1.5b Online & Mobile Banking

In this lesson, you will learn to:

  • Appreciate the range of online and mobile banking services available to help manage and fully utilize their checking account

  • Explain what direct deposit is, how they sign up for it, and why it could be beneficial

  • Use online bill pay

  • Understand the advantages and disadvantages of digital wallet payments such as Apple and Google Pay

Identify ways they can protect their checking account when using online and mobile banking

Complete the entire document and show work for full credit.

In this lesson, you will learn to:

  • Appreciate the range of online and mobile banking services available to help manage and fully utilize their checking account

  • Explain what direct deposit is, how they sign up for it, and why it could be beneficial

  • Use online bill pay

  • Understand the advantages and disadvantages of digital wallet payments such as Apple and Google Pay

Identify ways they can protect their checking account when using online and mobile banking

Complete the entire document and show work for full credit.

Pitanje 1
1.

Have you used online or mobile banking before?

If yes, what did you use it for and why?

If no, what has kept you from using it thus far?

The Evolution of Personal Banking

This infographic provides an overview of how banking has changed every thirty years since the 1920s. Review the graphic and complete the chart.

Obavezno
10
Pitanje 2
2.
Obavezno
10
Pitanje 3
3.
Obavezno
10
Pitanje 4
4.
Obavezno
10
Pitanje 5
5.

8 Tips for Getting the Most Out of Your Checking Account

Sure, anyone can set up a checking account and then execute basic skills like using the ATM or swiping their debit card at the mall. But how do you FULLY maximize all of the benefits of a checking account to make your financial life stress free? Read these 8 tips and answer the questions.

Obavezno
16
Pitanje 6
6.
Obavezno
30
Pitanje 7
7.

Pay Day 101: Direct Deposit

Tip 1 in the previous article was to set up direct deposit, which you can do once you have your first job that pays you formally via payroll check. Watch this video to learn what some of the benefits of direct deposit are. Then, answer the questions.

Obavezno
10
Pitanje 8
8.

In your own words, explain what direct deposit is. UCS

Obavezno
10
Pitanje 9
9.

Out of the four benefits of direct deposit (safety, convenience, quick access to money, increased savings), which is the MOST compelling to you? Why? UCS

Exit Ticket

Obavezno
10
Pitanje 10
10.

The Advantages of Personal Internet Banking

The second tip for fully utilizing your checking account is to sign up for mobile and online banking. Being able to conduct transactions online and on our phones has reduced the need for people to go to banks in person and do things on paper. Read the Features section of the article (up to Making Transactions Safe) about the advantages of online banking. Then, answer the questions.

Obavezno
20
Pitanje 11
11.
Obavezno
20
Pitanje 12
12.

Do you already conduct your banking online or through your phone? If yes, which of these advantages do you find helpful? If no, which of these do you think you would find to be the most helpful? Why? UCS

Online Bill Pay: What It Is and Why You Should Use It

Tip 7 was to look into automatic payments. Before you get to the level of recurring payments, you should understand how online bill pay, in general, works. Read this article and then answer the questions.

Obavezno
10
Pitanje 13
13.

In your own words, how does one get set up to use online bill pay? UCS

Obavezno
20
Pitanje 14
14.

Using Apple Pay in the Real World

When you learned about payment types in an earlier lesson, you learned about person-to-person payments. Apple Pay, Android Pay, and Samsung Pay are ways to make payments at retail locations using your phone. Watch this (slightly old) video for Apple Pay and answer the questions.

Obavezno
10
Pitanje 15
15.

How is using a digital wallet payment similar to using a debit card? UCS

Obavezno
10
Pitanje 16
16.

In what ways is Apple Pay more secure than using a debit card? UCS

Obavezno
10
Pitanje 17
17.

What potential downsides do you see for using a digital wallet payment? UCS

Exit Ticket

Obavezno
2
Pitanje 18
18.

When you open a checking account for the first time, you need to have each of these items EXCEPT…

Obavezno
2
Obavezno
2
Pitanje 19
19.

Which of these best describes why you should make sure your bank is FDIC insured?

Pitanje 20
20.

Which of the following would likely be LEAST important to a college freshman looking for a checking account?