ATM services are highly profitable for banks, and banks aggressively market the use of ATM cards.§ ATMs that are off bank premises are usually more profitable for banks because they attract a higher volume of non-bank customers, who must pay service fees. Unfortunately, customers using offpremise ATMs are more vulnerable to robbery

What is the primary function of an ATM in e-banking?*1 pointa) Depositing cashb) Facilitating foreign exchange transactionsc) Accessing bank accounts remotelyd) Withdrawing cash and other banking services

Which of the following statements in NOT correct about most ATM (Automated Teller Machine) cards? aYou can get cash anywhere in the world with no fee bYou must have a bank account to have an ATM card cYou can generally get cash 24 hours-a-day

Which is not a true statement about the disadvantages of certain methods of payment?Group of answer choicesYou may be at risk for hacking if you use online banking.You will not be able to make purchases online if you are paying with cash.You may be charged interest if you do not pay off your debit card balance each month.You may be charged an overdraft fee if you try to spend more on your debit card than is in your linked account.

What is an advantage of debit and bank credit cards over offering customers credit terms?Select answer from the options belowreceipt of cash is guaranteedthere are no fees associated with accepting bank credit cardsthere are no advantages to bank credit or debit cardsmore sales would be made if only credit terms were offeredSave for LaterSubmit Answer

What is an advantage of online banking?a) You must visit a branch for all transactions. b) Limited access to your accounts. c) Convenience and accessibility 24/7. d) Higher fees than traditional banking.*