Various electronic bass effects such as preamplifiers, "stomp box"-style pedals and signal processors and the configuration of the amplifier and speaker can be used to alter the basic sound of the instrument. In the 1990s and early 2000s (decade), signal processors such as equalizers, overdrive devices (sometimes referred to as "fuzz bass"), and compressors or limiters became increasingly popular. Modulation effects like chorus, flanging, phase shifting, and time effects such as delay and looping are less commonly used with bass than with electric guitar, but they are used in some styles of music.
The fretting hand can add vibrato to a plucked or picked note, either a gentle, narrow vibrato or a more exaggerated, wide vibrato with bigger pitch variations. For fretted basses, vibrato is always an alternation between the pitch of the note and a slightly higher pitch. For fretless basses, the player can use this style of vibrato, or they can alternate between the note and a slightly lower pitch, as is done with the double bass and on other unfretted stringed instruments. While vibrato is mostly done on "stopped" notes—that is, notes that are pressed down on the fingerboard—open strings can also be vibratoed by pressing down on the string behind the nut. As well, the fretting hand can be used to "bend" a plucked or picked note up in pitch, by pushing or pulling the string so that the note sounds at a higher pitch. To create the opposite effect, a "bend down", the string is pushed to a higher pitch before being plucked or picked and then allowed to fall to the lower, regular pitch after it is sounded. Though rare, some bassists may use a tremolo bar-equipped bass to produce the same effect.
Chords are not used that often by electric bass players. However, in some styles, bassists may sound "double stops", such as octaves with open strings and powerchords. In Latin music, double stops with fifths are used. Robert Trujillo of Metallica is known for playing "massive chords"  and "chord-based harmonics"  on the bass. Lemmy of Motörhead often played power chords in his bass lines.
The effects, on the other hand, are great, and there are a lot of them: eight different reverbs, eight choruses, and three modulation effects (tremolo, vibrato, or rotary speaker). The keyboard stores your effect settings for each of the 12 sounds in memory, so they’ll be restored when you choose that sound again or turn the keyboard off. These are likely to be less important and useful for a beginner than basic sounds, though effects might appeal to those looking for an inexpensive performance piano.