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12 terms

USING ONLINE BANKING LESSON 11

STUDY
PLAY
account transfer
Making an online transfer of money; for example, from a savings account to a checking account
fraud
When a criminal uses trickery to convince someone to give up valuable information or items of value.
identity theft
When a criminal opens a credit card with another persons name and social security number, charges merchandise, and leaves the victim with the unpaid bill. This can be multiplied as identities can be fraudulently sold, and others can continue to use someones good credit to get further credit cards and loans.
internet
Worldwide collection of networks that connects millions of businesses, government agencies, educational institutions, and individuals
internet access
Service that connects a computer to the internet. Can be done through a cable modem, through DSL or dial ip service over a phone line, or over Wi-Fi in coffee shops and on many college campuses.
online banking
Using the Internet and a banks website to keep track of band accounts, moving money from one account to another, and paying bills.
password
a secret word or phrase known only to a restricted group
personal information
Important identifying data that lets your online bank know you ar who yousay you are, such as date of birth, sociol security number, and mothers maiden. Never give out this information unless you are certain it is to your own bank and not a fraudelent Web site.
phishing
When a criminal sens an e-mail using a scheme to get you to divulge your personal informatioon. Contact your bank immediatly if an e-mail says you will lose your account unless you provide your username and password or any other personal information. It is important not to reply to these emails.
pin
a number you choose and use to gain access to various accounts
recurring payments
Automatic payments a customer can set up, such as to pay for car insurance or cell phone service. These payments can happen every month, even though they are set up only once.
username
Account name used to access online banking.