Understanding the Basics of Digital Banking
Order ID |
53563633773 |
Type |
Essay |
Writer Level |
Masters |
Style |
APA |
Sources/References |
4 |
Perfect Number of Pages to Order |
5-10 Pages |
Description/Paper Instructions
Understanding the Basics of Digital Banking
Digital banking refers to banking services that are offered through digital channels such as mobile apps, internet banking, and other online platforms. Digital banking has become increasingly popular in recent years as more people are embracing the use of digital technology in their daily lives. In this article, we will discuss the basics of digital banking.
Accessing Your Account
Digital banking allows you to access your account from anywhere and at any time. With just a few clicks, you can view your account balance, transaction history, and other important information. Digital banking also allows you to transfer funds between accounts, pay bills, and deposit checks.
Security
Digital banking is safe and secure, as long as you take the necessary precautions to protect your personal information. You should use strong passwords, enable two-factor authentication, and avoid accessing your account on public Wi-Fi networks. Banks also use encryption technology to protect your data from hackers.
Mobile Banking
Mobile banking allows you to access your account using your mobile device. You can download your bank’s mobile app, which allows you to perform most banking transactions from your smartphone or tablet. Mobile banking also allows you to receive push notifications for account activity, set up automatic payments, and deposit checks using your phone’s camera.
Internet Banking
Internet banking allows you to access your account using a web browser on your computer. You can log in to your bank’s website and perform most banking transactions from your computer. Internet banking also allows you to set up automatic payments, view eStatements, and download transaction history.
Online Bill Payment
Digital banking allows you to pay bills online. You can set up automatic payments for recurring bills or manually pay bills using your computer or mobile device. Online bill payment saves time and eliminates the need for paper checks and postage.
ATM Access
Digital banking allows you to access ATMs to withdraw cash, deposit checks, and perform other transactions. Most banks have their own ATMs, but you can also use ATMs that are part of a network, such as the Allpoint or MoneyPass networks.
Alerts and Notifications
Digital banking allows you to set up alerts and notifications for account activity. You can receive alerts for low balances, large transactions, and other important account activity. Alerts and notifications can be received through email, text message, or push notifications on your mobile device.
Customer Service
Digital banking allows you to contact customer service through multiple channels. You can use live chat, email, or phone to contact customer service for assistance with your account. Some banks also offer video chat or social media support.
In conclusion, digital banking offers many benefits, including convenience, accessibility, and flexibility. By taking the necessary precautions to protect your personal information, you can enjoy the benefits of digital banking with peace of mind.
Digital Banking for Millennials: A Guide to the Future of Banking
Digital banking has been a game changer for the financial industry, and it has had a particularly significant impact on millennials. This generation is known for their comfort with technology, their desire for convenience, and their aversion to traditional banking methods. Digital banking offers millennials a way to manage their finances that is accessible, easy to use, and in line with their values. In this guide, we will explore the future of banking for millennials and what it means for both consumers and financial institutions.
What is Digital Banking?
Digital banking refers to the use of digital channels and technologies to perform banking activities. This includes online banking, mobile banking, and other digital services. Digital banking offers a range of benefits to consumers, including convenience, accessibility, and cost savings. It also provides financial institutions with new opportunities to reach customers, reduce costs, and improve efficiency.
Understanding the Basics of Digital Banking
RUBRIC
QUALITY OF RESPONSE |
NO RESPONSE |
POOR / UNSATISFACTORY |
SATISFACTORY |
GOOD |
EXCELLENT |
Content (worth a maximum of 50% of the total points) |
Zero points: Student failed to submit the final paper. |
20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. |
30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. |
40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. |
50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. |
Use of Sources (worth a maximum of 20% of the total points). |
Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. |
5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. |
10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. |
15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. |
20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. |
Grammar (worth maximum of 20% of total points) |
Zero points: Student failed to submit the final paper. |
5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors |
10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors |
15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. |
20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. |
Structure of the Paper (worth 10% of total points) |
Zero points: Student failed to submit the final paper. |
3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. |
5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper |
7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. |
10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper. |
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