Advertisements
Advertisements
Question
Explain the meaning of SMS alert.
Explain
Advertisements
Solution
- With this service, a customer provides his or her mobile number. The bank stores the customer's mobile number in their computer system.
- When a debit or credit transaction occurs, an SMS is automatically sent to the customer's mobile phone.
- The SMS provides information on the transaction, including the amount, date, and account balance.
- Customers can receive account information without having to visit the bank.
shaalaa.com
Electronic Banking (E-Banking) - ATM, Credit and Debit Cards
Is there an error in this question or solution?
RELATED QUESTIONS
'Rita' was using a plastic card to withdraw money from a machine set up outside the bank.
- Identify the card.
- Write any four precautions that must be taken while using such a card.
In case of ______ cardholder makes payment before using the card.
Which of the following is not precautions to be used while using debit or credit cards?
What is an ATM?
State any two precautions while using an 'ATM'.
What is a credit card?
Distinguish between a Debit card and a Credit card.
What is meant by E-banking?
What is a Bank Draft?
Enumerate various types of E-banking facilities.
