NAB Digital Banking

Question 1

What is two-factor authentication in online banking?

Accepted Answer

A security process requiring two different forms of verification to access an account

Answer

Using two different passwords

Answer

Logging in from two devices

Answer

Having two bank accounts

Question 2

What should you do if you suspect unauthorized transactions on your account?

Accepted Answer

Contact your bank immediately to report the suspicious activity and freeze the account if necessary

Answer

Wait to see if more transactions appear

Answer

Only check at the end of the month

Answer

Ignore small unauthorized charges

Question 3

What is a phishing attack in the context of banking?

Accepted Answer

A fraudulent attempt to obtain sensitive information by disguising as a trustworthy entity

Answer

A type of bank fee

Answer

A legitimate bank communication

Answer

An investment strategy

Question 4

What is mobile check deposit?

Accepted Answer

A feature allowing you to deposit checks by photographing them with your smartphone

Answer

A type of mobile payment

Answer

A checking account for mobile phones

Answer

A fee for using mobile banking

Question 5

What is a peer-to-peer (P2P) payment service?

Accepted Answer

A platform that allows individuals to send money directly to each other electronically

Answer

A bank-to-bank wire transfer

Answer

A business payment processing system

Answer

A type of cryptocurrency

Question 6

What precautions should you take when using public Wi-Fi for banking?

Accepted Answer

Avoid banking on public Wi-Fi, or use a VPN to encrypt your connection

Answer

Public Wi-Fi is always safe for banking

Answer

Only use free Wi-Fi at restaurants

Answer

There are no risks with public Wi-Fi