The following statements concern the use of online banking. Identify whether each is true or false.
a. Businesses can use online banking to send tax payments to government agencies.
b. Businesses can use online banking to send, but not receive, electronic fund transfers.
c. Bank security alerts are usually sent via registered mail.
d. Only authorized check signers should have access to the company’s online bank account.
e. Bank log-in information should be changed frequently.