Mobile Banking and Account Management Quiz

Mobile Banking, also known as Online Banking, is the act of making financial transactions using your mobile device. It can be used for anything from receiving alert messages to scheduling bill payments.

Bank Account Management (BAM) consists of the policies, procedures, and actions taken to open, close, or modify accounts held by a business with a financial institution. This includes the negotiation and management of account services and fees, mandates governing the account, and authorized users of the account.

Mobile Banking does have its limits and its own security concerns, but it allows you to manage your money anytime and anywhere.

<p>Mobile Banking allows you to manage your money anytime and anywhere, and most banks now have apps that allow you to manage your account from your phone.</p> Signup and view all the answers

<p>Financial transactions using Mobile Banking can be carried out through alert messages, using an app to schedule bill payments, and other related activities.</p> Signup and view all the answers