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CHAPTER 3 : BANKING SERVICES (TYPES OF CHEQUE (Parts of cheque (cheque…
CHAPTER 3 : BANKING SERVICES
TYPES OF BANK
Commercial Banks
Retail Banks
Central Banks
ELECTRONIC BANKING
1) EFTS
can transfer one account/ place to another
2)ATM
24 hours and save costs.
3)EFTPOS
at the point of sales
TYPES OF ACCOUNT
Current Account
Savings account
TYPES OF CHEQUE
Crossed cheque
Bearer cheque
Open cheque
Order cheque
Parts of cheque
cheque number
account number MCR
place of issue
date of issue
payee
amount of currency
signature of drawer
ELEMENTS OF A CHEQUE
Do And Don't When Using A Cheque
RETURNED CHEQUE
will be returned to the acc/holder.
will be charged a fee
CREDIT CARDS
INTERNET BANKING