Internet Banking
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Questions and Answers

What services can be accessed through internet banking?

  • All of the above
  • Making cash withdrawals
  • Making payments to third parties (correct)
  • Checking account balances
  • What is an ATM used for?

  • Checking recent transaction history
  • Making cash withdrawals
  • All of the above (correct)
  • Buying cell phone credit
  • What is the purpose of a debit or credit card?

  • All of the above
  • To make purchases without cash (correct)
  • To withdraw cash from an ATM
  • To access internet banking services
  • What happens when a debit card is used to make a purchase?

    <p>Money is immediately taken from the customer's account</p> Signup and view all the answers

    What happens when a credit card is used to make a purchase?

    <p>Money is immediately taken from the seller's account</p> Signup and view all the answers

    Which of the following services is NOT offered by internet banking?

    <p>Opening a new account</p> Signup and view all the answers

    What is required to access an ATM?

    <p>A debit card or credit card</p> Signup and view all the answers

    What is the purpose of a PIN when using a debit or credit card?

    <p>To verify the customer's identity</p> Signup and view all the answers

    What happens when a debit card is used to make a purchase?

    <p>The money is immediately taken from the customer's account</p> Signup and view all the answers

    What is the difference between using a debit card and a credit card to make a purchase?

    <p>Debit cards take money directly from the customer's account, while credit cards do not</p> Signup and view all the answers

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