21st Century Banking Terms Review

Question 1

Reocurring bills are sent electronically to your bank and are paid out of your account.

Accepted Answer

e-bills

Question 2

24 Hour Banking Machine used to make transactions.

Accepted Answer

ATM

Question 3

Term for automatic electronic deposit of your paycheck.

Accepted Answer

direct deposit

Question 4

Ways to avoid bank overdrafts and fees include....

Accepted Answer

all answers are correct, reasonable record keeping

Question 5

Banking using a smart phone

Accepted Answer

Mobile Banking

Question 6

Sending a picture of your check for deposit by taking a picture of it and endorsing it.

Accepted Answer

remote deposit

Question 7

Your money management system needs to built around two things which are..

Accepted Answer

budget and cash management system

Question 8

Stealing of personal information used to commit fraud in your name.

Accepted Answer

identity theft

Question 9

Using your bank's website to access your account.

Accepted Answer

Internet Banking

Question 10

Making payments to a cell phone number instead of an address or bank account.

Accepted Answer

Popmoney

Questions 10