Banking

Banking

BANKING

A bank’s job is to provide customers with financial services that help people better manage their lives. As technology advances and competition increases, banks are offering different types of services to stay current and attract customers.

Different Types of Services
Individual Banking —Banks typically offer a variety of services to assist individuals in managing their finances, including:
Checking accounts Savings accounts Debit & credit cards Insurance* Wealth management

Business Banking —Most banks offer financial services for business owners who need to differentiate professional and personal finances. Different types of business banking services include:
Business loans Checking accounts Savings accounts Debit and credit cards Merchant services (credit card processing, reconciliation and reporting, check collection) Cash management (payroll services, deposit services, etc.)

Digital Banking —The ability to manage your finances online from your computer, tablet, or smartphone is becoming more and more important to consumers. Banks will typically offer digital banking services that include:
Online, mobile, and tablet banking Mobile check deposit Text alerts eStatements Online bill pay

Loans —Loans are a common banking service offered, and they come in all shapes and sizes. Some common types of loans that banks provide include:
Personal loans Home equity loans Home equity lines of credit Home loans Business loans