Four Different Types Of Banking Services

By Author: Zachary Micallef
Total Articles: 2
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Of the different financial institutions, the bank is the most popular one. Thousands of people are employed in different banks throughout the wealth. Bank is the financial institution where you keep you money; get interest over it for a certain period of time. Each bank is regulated by some common guidelines. Today, we are going to discuss about four different types of banking services. Whether you are opening your first account or you have a savings account in a bank for many years, it is important to know about the different services offered by the bank.



The four different types of banking are:

Individual banking
Corporate services/ business banking
Digital banking
Loans

Under individual banking you will find individual/joint savings account, checking account, insurance, debit and credit cards as well as wealth management.



Under corporate services/ business banking you will find corporate/business loans, savings account, checking account, treasury services like payroll and debit and credit cards management.



Under digital ...
... banking one can enjoy online bill payments, mobile check deposit. E-statements and text alerts.



Under loans come different types of loans like Personal loans, home loans, auto loans and corporate or business loans.



In order to cater to the growing and diverse needs of the consumers the bank as a financial institution has come up with so many services. The banking industry plays a huge role in the growth of a country’s economy. If your company is looking for ways to invest money and increase the wealth and manage their earnings, they should opt for corporate services. Nowadays there are corporate or relationship managers assigned to each corporate client. They will have a detailed discussion with the company’s management or the concerned person and will explain to him the detailed features and aspects of the corporate services. They will guide and assist the company so that the company makes the most of the corporate services. There are some banks that offer personalized corporate services as well. Find out if the bank that you have shortlisted offers such services.



If you are confused about the corporate services feel free to talk to the relationship manager. Discuss all that is bugging you so that you know which corporate services to opt for. Which is the current bank that you are dealing with? Are you happy with the services? Do you plans to shift to another bank where you will get better service? Share your views in the comments section.



About the Author: This contribution has been made by Zachary Micallef who has written a number of articles on corporate services and provides fruitful information.