You are living off campus in an apartment near school. It is the first of the month and your rent is due. You won't have enough money in your account to cover until your employer deposits your paycheque. You don't want to overdraw your account, so you check your balance several times before sending your rent to the landlord. This example illustrates which innovation in banking?

Question

Quizplus · Accepted Answer

The scenario described shows the use of real-time monitoring of funds, where the individual is checking their account balance multiple times before making a payment to ensure that they do not overdraft.

You Are Living Off Campus in an Apartment near School