Banking

How to Be A Smart Banker

Read the bank service agreements. Get familiar with it so that you can refer back to it if needed. When doing business transactions on the phone with your bank, be sure to ask the name of the representative, and take note of it. You may need this if any discrepancies comes up. When you receive your bank statements each month, be sure to go over it thoroughly. Look for any suspicious activities on your statements, and if any is found, address it immediately. When you are writing a check, draw a...
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Banking

Banks act as payment agents by conducting checking or current accounts for customers, paying cheques drawn by customers on the bank, and collecting cheques deposited to customers' current accounts. Banks also enable customer payments via other payment methods such as telegraphic transfer, EFTPOS, and ATM.
Banks borrow money by accepting funds deposited on current account, accepting term deposits and by issuing debt securities such as banknotes and bonds. Banks lend money by making advances to...
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