Question

How is email a useful component of online banking?

I. Email alerts can be used to warn you before you overdraw your account.
II. You can have your bank statements emailed to you, getting them to you faster.
III. Only emailed bank statements can be used to support electronically-filed tax returns.

a.
I only
b.
II only
c.
I and II only
d.
I, II, and III

Answer 1

c. I and II only

I is true — banks send email alerts for low balances/pending transactions. II is true — banks can email or make e-statements available, speeding delivery. III is false — mailed, printed, or downloaded statements (not only emailed ones) can support electronic tax filings.