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FINANCIAL SERVICE PROVIDERS (A financial service provider is an…
FINANCIAL SERVICE PROVIDERS
A financial service provider is an organisation that offers money related services
The main financial service providers operating in Ireland are:
Commercial banks
Credit unions
Post offices
What is a current account ?
A current account is a non interest account that allows the account holder to withdraw money at anytime
Different ways to withdraw money from a current account :
A debit card
Cheque
Standing order
Direct debit
Bank draft
Online banking is the managment of finances using the internet
A credit union is a not-for-profit financial service provider that is owned by its members
The role of the central bank of ireland is :
To promote stability in the countries finances
To regulate financial service providers
To provide financial advice