What is Online Banking?

The video explores a child's perspective on digital banking, initially perceived as magic. The child's mom demonstrates how she uses her phone and laptop to manage finances, such as transferring money and paying for swimming lessons. She explains the convenience and security of banking apps, addressing concerns about digital security. The video also highlights alternatives for those without smartphones, like using websites or phone banking, and contrasts this with the traditional banking methods preferred by the child's grandpa.

What did the narrator's mom use to send money to Michael's mom?

• A check

• A phone

• A credit card

• Cash

How did the narrator's mom pay for the swimming lessons?

• By visiting the bank

• Using a laptop

• With a phone call

• By mailing a check

What is one of the features of online banking mentioned in the video?

• Applying for loans

• Opening new accounts

• Printing money

• Investing in stocks

What concern did the narrator have about online banking?

• It could be insecure

• It might be too slow

• It is too expensive

• It is not widely accepted

How can Grandpa do his banking if he doesn't use apps?

• By using a website

• By sending a letter

• By visiting a bank

• By using a phone call