Show:
Online Banking
Chequing/Savings Accounts
100
What is Online Banking
A system that allows individuals to perform banking activites over the internet
100
What is the difference between a single or a joint account
The choice of whether to open a checking account in your own name only or with a co-account holder is the first thing you should determine. Even for married account holders, don't assume a joint account is the only way to go--there are pros and cons to each option. If you choose a single checking account, you don't have to worry about your co-account holder overspending and emptying out your account, and there are fewer coordination issues. However, with this control you lose some simplicity. A joint account is probably easier if you want to split monthly bill-paying responsibilities with your co-account holder, for instance.
200
How can you be sure a web site is safe to use for banking purposes?
The URL will contain "https" which means it is a secure website.
200
Why would you choose a free account over a fee account?
You can make around 5% on your cash just by keeping it in a a high-interest checking account. Depending on how much cash is sitting there from day to day, rewards or high-interest checking may be worth the cost. But if your checking account is regularly at a low balance, you're better off choosing a freebie and avoiding monthly fees.
300
What is Phishing?
Emails that are meant to look as if they are your bank asking for personal information such as username, pin number, passwords or any other personal information.
300
How can you get free stuff when you open a new bank account?
Checking accounts are valuable enough to banks that they are often willing to pay you to open an account, or at least give you a free gift or two. When opening a checking account, ask what the bank can give you as a gift. Maybe it's cold cash, maybe it's a coffee mug, but it more than likely it will be something.
400
What is the CDIC, and what can they tell you about banks?
The Canadian Deposit Insurance Corporation, they can tell you whether an online bank is insured and safe to deposit with.
400
What is a money market account?
Money market rates can be quite appealing, you have more investment options, and you can still write checks. Maybe what you want is not a checking account, but its first cousin. Money market accounts have become a viable alternative to checking accounts for many bank customers.
500
What are 3 Advantages of using online banking
• Allows you to skip the lines (or save time) and access your banking information in a matter of several mouse clicks. • Many online banks have higher interest rates for deposits, and lower rates for loans. • Online banks use simple language to make it extremely easy to understand. • Allows for direct deposit of your paycheck
500
What are the reasons we need to talk to tellers?
• The more electronic a bank can make your checking account, the cheaper you are as a checking account customer. This is one of the fundamental rules of modern banking. • Figuring out how electronically you are willing to bank is a vital consideration when choosing a checking account--and a bank. If you need the human connection, you may want to avoid internet-only banking or checking accounts that only allow a small number of free teller transactions before you have to start paying.