Banking
Using a bank helps you keep your money safe, makes it easy to manage your finances, and can help you plan for the future. Banks are an important part of how people and businesses handle money in today’s world.
Why use a bank?
types of services offered by banks
Savings account
Purpose: To save money and earn interest.
Features: You can deposit (add) money and earn interest over time. Interest is extra money the bank gives you to keep your money with them.
Checking account
Purpose: To manage daily expenses and pay bills.
Features: You can deposit and withdraw (take out) money. You can also write checks or use a debit card to make payments
atm services
Purpose: To access your money anytime, even when the bank is closed.
Features: ATMs (Automatic Teller Machines) allow you to withdraw cash, deposit money, and check your account balance.
Online Banking
Manage your accounts, pay bills, and transfer money using your phone
Loans
Borrow money for big purchases You will need to pay back the loan with interest.
Credit Cards
A card that lets you borrow money up to a certain limit to buy things now and pay later.
investment services
Helps you invest your money to earn more, like buying stocks