This has helped greatly in promptness and efficient delivery of services.
Abbey Online Banking offers several types of banking services such as online banking, local tellers, home finance, mortgage refinance and loan services as well.
The Chase Bank My Account was changed to Banking Account management. This is a more general term and less personal than their previous title that Chase had for it.
Cash Management Services
The meaning of M-banking is mobile banking. Many bank services offer a mobile phone app so that customers can carry out various transactions online.
Online banking accounts offer many services to make the lives of their customers easier. Many offer services such as online bill payments and ways to transfer money between your accounts within the bank.
Business & Finance > Personal Finance > Money Management > Banking > What financial services are available through electronic banking systems?
how many kinds of electronic banking?
Zions Bank offers it members an array of services from checking and savings programs to foreign banking services. Some of the services that members may find available to them would be online and electronic banking, trust services, loans such as commercial, installment and mortgage. They also offer nationwide banking and automatic deposits for their members.
Online banking has actually radically changed the way consumers select and use various financial services. They no longer have to visit their bank branch for banking services. They can do anything they want from the comfort of their homes using their computer. This is an easy alternative when compared to visiting your bank and standing in a queue.
"Lloyds Online offers a verity of banking services such as debt consolidation loans, checking and savings accounts, electronic deposits and fund transfers and additionally they offer access to internet banking."
Marketing of banking services
E-banking is an abbreviation for electronic banking.
The disadvantages of electronic banking are that there may be security concerns when banking online. There also is less customer service if you encounter a problem with your account.
In traditional Banking, borrowing money from the public and lending them to business units constituted the main functions of a bank.When the banks became profit conscious and wanted to give more emphasis to profit generation, they started focusing on fee-based business. As a result, they started rendering different types of service oriented functions, which are called General Utility Services. These formed the subsidiary services of the bank. These included providing of safe locker facilities, Issuing of Letters of Credit, Dealing in Foreign Exchange, and underwriting loans floated by the Government,.Modern day banks have been using the technology based services or electronic banking. The banking services are being rendered very fast and efficiently.1. Telebanking services.2. Net banking Services.3. Issue of Credit and Debit Card services.4. Bank assurance.5. ATMs.6. SMS Alert services.7. Electronic Funds Tranfer system. (For ex. NEFT)8. Electronic clearing services (RTGS)Thus in traditional banking the services are slow, but personalised; whereas in modern banking, due to the introduction of technology, the services are rendered fast. The physical and space barrier are removed completely and one can do banking 24 X 7, that is all round the year on all days from anywhere. The services are also rendered fast. One need not physically go to a bank to withdraw money. One can draw money even at midnight.
In international banking services and products are Eft (electronic fund transfer), export- import payment public issues of depositories (ADR and GDR) etc. internatinal credit card business, foreign investment portfolios. insurances
The objective of the Bank of the Philippine Islands is to provide financial services to residents. Asset management, trust services, mutual funds, broker services, and electronic banking are used to accomplish this goal.
Electronic channels refers to all the service innovations that is presently taking place in the service delivery part of banking industry. It may include ATMs, online banking or electronic banking and so on.