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Summary In depth Business Banking notes meant for EVERY course and field R100,00   Add to cart

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Summary In depth Business Banking notes meant for EVERY course and field

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