What Is Online Banking?
Online banking is a service provided by banks that allows customers to manage their accounts, conduct transactions, and access banking services through the internet. It enables users to check balances, transfer funds, pay bills, and perform other financial tasks conveniently from their computers or mobile devices. Watch the video for more.
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What Are the Advantages of Online Banking?
The advantages of online banking include convenience, accessibility, and the ability to manage finances anytime and anywhere with ease.
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Online Bill Pay & How to Use It
You can usually pay most of your bills online. Many banks also allow you to set up recurring payments for bills that occur regularly.
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Direct Deposit
Direct deposit is a payment method where funds, such as salaries or benefits, are electronically transferred directly into a recipient's bank account, eliminating the need for physical checks.
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A Cashless Society
A cashless society refers to an economic system where transactions are conducted primarily through electronic means like debit cards, credit cards, and digital wallets, reducing reliance on physical currency.
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Online Banking Simulator
This activity allows you to practice online banking.
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Trusted Online & Peer-to-Peer Payment Methods
Some trusted online payment or peer-to-peer systems include PayPal, Venmo, Cash App, and Zelle, each offering secure and convenient ways to transfer money between individuals electronically.
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Credit Cards vs. Digital Wallets
Credit cards involve borrowing money from a bank or financial institution to make purchases, whereas digital wallets store funds electronically for seamless transactions via smartphones or online platforms.
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Online Shopping
Online shopping allows consumers to purchase goods and services over the internet, offering convenience, a wide selection of products, and often competitive prices compared to traditional retail stores.
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Practice Amazon Ordering Tutorial
This Canva tutorial will give you a chance to practice ordering something from Amazon.
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Bonus: Online Banking Quiz Games
Take these quizzes to test your knowledge of online banking.
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