Mobile Banking Account Management Quiz

Mobile Banking, also known as Online Banking, is the act of making financial transactions using a mobile device. An example of its use is receiving alert messages from your bank or using an app to schedule bill payments.

The benefits of Mobile Banking include the ability to manage money anytime and anywhere, and the availability of apps that allow users to manage their accounts from their phones.

The limitations of Mobile Banking include its own security concerns, and the security concerns related to making financial transactions using a mobile device.

<p>Bank account master data comprises several tabs, with each tab holding data relevant for a certain process.</p> Signup and view all the answers

<p>One can learn more about explaining advanced bank account management on the SAP Learning Journey platform at learning.sap.com.</p> Signup and view all the answers

<p>Common business accounts include a checking account, savings account, credit card account, and a merchant services account.</p> Signup and view all the answers

<p>You can open a business bank account once you've gotten your federal EIN.</p> Signup and view all the answers

<p>Merchant services accounts allow businesses to accept credit and debit card transactions from customers.</p> Signup and view all the answers

<p>Most business bank accounts offer perks that don't come with a standard personal bank account.</p> Signup and view all the answers

<p>Business checking accounts were evaluated based on fees, perks, and accessibility, among other factors. Those that earned at least four stars were eligible to be included.</p> Signup and view all the answers