ELI5: Explain Like I'm 5

Digital banking

Digital banking is when you use the internet, computer or a smartphone to manage your money. It's like having a mini-bank in your pocket, you can use it for a lot of things like checking your account balance, moving your money, paying bills, and loans.

Basically, imagine you have a piggy bank. You can put money in it and take out money whenever you want. Digital banking is like having a digital piggy bank. But instead of having an actual piggy bank, you have a website or an app on your phone where you can put money in and take it out.

When you use digital banking, you don't need to go to the bank or use paper checks anymore. You can do everything on your phone or computer. It's really fast and easy to use.

One thing you should make sure to do when using digital banking is to make sure your account is secure by using strong passwords and keeping your login information private. Also, always check that you are putting your information into a trusted website or app.

Digital banking is a great tool for managing your money and making your life easier. It allows you to manage your money from wherever you are and whenever you need to. Plus, it makes you look like a cool tech-savvy kid!
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