Question

which type of facilities should be provided by a bank ?

Answer 1

Individual Banking—Banks typically offer a variety of services to assist individuals in managing their finances, including:

Checking accountsSavings accountsDebit & credit cardsInsurance*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 loansChecking accountsSavings accountsDebit and credit cardsMerchant 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 bankingMobile check depositText alertseStatementsOnline 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 loansHome equity loansHome equity lines of creditHome loansBusiness loans

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