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Banking Products and Services (Long-term business loans (remote terminal …
Banking Products and Services
The modern bank performs the following
functions
thrift, credit, payment, cash management, underwriting, investment/ planning, brokerage,
insurance and trust
Deposit accounts in the USA
transaction accounts
non-interest earning checking
accounts
A demand deposit
interest earning checking accounts
Negotiable orders of
withdrawal accounts
savings accounts
a time deposit account
Long-term business loans
remote terminal
transactions
an automated
teller machine
a point-of-sale (POS)
termina
telephone transactions
other electronic transactions such as those conducted via the Internet
a safe deposit box
Granting credits
to overdraw
to get a loan
Business loans
A line of credit
a closed-end line
of credit
an open-end line
of credit
Short-term business loans
Long-term business loans
Consumer loans
installment credit
mortgage loans