Bank Services

 

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For the sixth met, the topic is bank service. They explained about the meaning of bank service, types a bank service, the ways to open the current account, bank deposit product, electronic bank services, etc. They explain that banking services is the various ways in which a bank can help a customers, such as operating accounts, making transfers, paying standing orders and selling foreign currency. There are nine types of bank services. First type is transfers, remittance service either inside the country or outside the country. Second type is clearing, an exchange activity slips or electronic financial data interbank. Third type is collection, a service-scrip bank to charge slips to come from outside the city or abroad. Fourth type is safe deposit box (SDF), a bank service be in the form of box that the customers can keep their valuables. Fifth type is bank card, usually called ATM, that can be used to do some transaction. Sixth type is letter of credit, provided to the public to facilitate the flow of goods, including goods in the country. Seventh type is traveller cheque. Eighth type is bank note or exchange, an issued foreign currency and issued by offshore banks. The last type is bank guarantees. 

The way to open current account are saving, before open current account, you must have a bank account; form fill opening, opening a checking account; identification data, open the checking account and tax identification number; letter of reference, can be obtained from the clerk of the bank; initial deposit, must deposit minimum of 500000 of individual accounts and for company amounted to 1000000. 

There have three types bank deposit product. The first type is giro. Demand deposit account is an account that money can be taken at any time. The second type is savings. Savings is deposits that can be withdrawn only under certain agreed conditions, but can not be withdrawn by check, demand deposit, and / or other tools are equivalent. The third type is deposits. Usually, deposit have the interest more than the savings. 

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There have some electronic bank service. Electronic bank service such as ATM( Automated Teller Machine); computer banking; debit card; direct deposit; direct payment; Electronic Check Conversion (ECC); and Electronic Fund Transfer (EFT). Automated teller machine is a machine that can be used by the customer to take their money or do transfer from a bank to another bank. Debit card is a card that can be used to do the transaction whenever the customer want to buy something.