Money management and banking services to individuals and households

[Insurance, Banking, Mortgage, Loan]

Banks provide depositors a range of services:

• Bookkeeping and fundraising: The bank provides to the account holders an evidence with the movement of funds. It can make for some clients who handle large volumes of funds (major distributors and retailers) collection of species, their counting and accounting.
   
• Security: the bank is a safe place where money is more protected than private normal homes.
   
  • It provides lockers for storing values. It should however be noted that a deposit is actually free to the bank immediately using the cash received to finance its lending activity. In case of bankruptcy of the bank deposits are lost subject to the safeguards provided by the State.
     
  • It establishes bank checks for certain secured, foreign currency transactions.
     
• Means of payment: bank mobilizes its deposit account in several ways:
   
  • Providing checks and trigger their settlement through the clearing system.
     
  • Supply cards payments, Moneo type, where will be retained the electronic money
     
  • Management of transfers to other bank accounts.
     
  • Delivery on request cash, central bank notes and coins.
     
• Means of payment for international trade
   
  • Conversion into foreign currency or travelers checks,
     
  • Management of transfers of funds abroad on terms and conditions approved by the relevant banks.

Image http://commons.wikimedia.org/wiki/File:Bruxelles_Banque_nationale.jpg

Translated and adapted from Wikipedia under GNU Free Documentation License.FR

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