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Summary In depth Business Banking notes meant for EVERY course and field $5.68   Add to cart
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  3. Central University Of Technology (CUT)
  4.  
  5. Somatology

Summary

Summary In depth Business Banking notes meant for EVERY course and field
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  • Course
  • Somatology
  • Institution
  • Central University Of Technology (CUT)

This is a detailed Banking summary. Everything you need to know about what banking really is. From definitions, explanations, and examples about the importance of banking, what a cheque is, what products and services banks offer, etc. This document will teach you everything you need to know about h...

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Document information

  • November 7, 2022
  • 7
  • 2021/2022
  • Summary

Subjects

  • business
  • business studies
  • studying business
  • study business
  • banking
  • how to bank
  • what is banking
  • the importance of banking
  • bank account
  • opening a bank account
  • money
  • finance
  • reasons for a bank account
  • fi

Written for

  • Central University of Technology (CUT)
  • Somatology
All documents for this subject (10)

Seller

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KarlaKay

Content preview

Banking 101

, List ten reasons why it is important to ge
and use a bank account.
To avoid micro-lenders due to their high interest rates.
To help with financial needs e.g. loans and starting a business or buying a car.
Help settling debts.
Receiving money from employer and/or paying employees.
It’s a safe, acceptable and reputable method of handling money.
Provides credit records
Provides investments e.g. for retirement
Protects assets and income
Gets your career and business going
Will make payments on your behalf e.g. debit and stop orders

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