How is email a useful component of online banking? i. email alerts can be used to warn you before you overdraw your account. ii. you can have your bank statements emailed to you, getting them to you faster. iii. only emailed bank statements can be used to support electronically-filed tax returns. a. i only b. ii only c. i and ii only d. i, ii, and iii please select the best answer from the choices provided a b c d

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22-03-2022
Business

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How is email a useful component of online banking? i. email alerts can be used to warn you before you overdraw your account. ii. you can have your bank statements emailed to you, getting them to you faster. iii. only emailed bank statements can be used to support electronically-filed tax returns. a. i only b. ii only c. i and ii only d. i, ii, and iii please select the best answer from the choices provided a b c d

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deebikamadhivanan deebikamadhivanan · Answer 1 · 2022-03-31T08:31:51+02:00

Due to its capabilities of email alerts, notifications, and having your bank statements directly addressed to you with quicker speed, email is a useful component of online banking.

What are the benefits of online banking?

(i) E-banking delivers services to the bank's customers 24 hours a day, 365 days a year.

(ii) It reduces transaction fees.

(iii) It instills financial discipline and encourages transparency.

(iv) It alleviates the pressure on bank branches.

Therefore, option (c) is the correct answer, i.e., (i) and (ii) only.

For more information about online banking, refer below

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