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Checking account statements

Round the clock banking (ATM)

Payment of bills

Fund Transfer and

Updating pass books

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Q: What are the basic banking services provided in e-commerce?
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What services are offered at Westfield Bank?

Westfield Bank offers many services. Not just your basic checking and savings account, they have so much more. On line banking, debit cards, mobile banking, E statements, telephone banking, just to name a few.


What does the Hunington Bank offer?

The Hunington Bank offers quite a number of services to its customers or clients. First, it offers the basic banking services. It also offers loans and financial advice to its customers.


What is priority banking?

Priority banking is relatively new in the Indian context. In this form of banking, the bank identifies its priority customers (often customers with deposits above 1 lakh-however this is different for each individual bank) and some special benefits are provided to these first class customers by the bank. Ex. They do not have to wait in the queue for transactions. They are assigned client relationship managers to take care of all their banking needs. These customers can use banks premises for holding meetings, can access the Internet free of cost and several other benefits are also provided. The basic purpose of this form of banking is to make the experience of banking haslefree and less time consuming. This is not to be confused with wealth management where the thrust is on providing first-class customers, customised services and expert advice on various financial needs. This is generally carried out by the wealth managers of the bank. However priority banking as part of its service offerings may include wealth management.


Difference between merchant bank and commercial bank?

The world of banking and finance is one of many intricacies. Many types of financial institutions exist, including commercial banking and merchant banking. The difference between commercial banking and merchant banking lies mainly in the services they provide, and to whom they are provided. Commercial banking is generally accessible to anyone for basic banking needs, whereas merchant banks serve mainly large companies and very wealthy individuals. Commercial banks are what people typically refer to as “banks.” A commercial bank can provide loans to individuals and small businesses. It raises funds by collecting deposits from these same groups of people, as well as from interest charged on loans. It also purchases bonds from governments and corporate entities. The banks described above are the most common definition of commercial banks. Commercial banking is also sometimes defined as the provision of banking services such as checking and loans to large businesses, as distinguished from individual citizens. In this case, banking provided to individuals is referred to as retail banking to differentiate it from the second definition of commercial banking. Commercial banking and merchant banking both involve the provision of financial services and advice. Merchant banking, however, often focuses on investing a depositor’s assets in a finance portfolio and managing these investments. Merchant banks are commonly called investment banks in the United States. Apart from investing and managing the assets of wealthy clients, merchant banks also offer counsel and advice to large corporations. This advice is particularly useful when a corporation is considering getting involved in a merger with, or acquisition of, another corporation. Both commercial banking and merchant banking have roots that go back hundreds of years, if not more. Merchant banks were actually the original banks, and were invented in the Middle Ages by Italian grain merchants. These merchants, as well as Jewish traders fleeing persecution in Spain, used merchant banking to finance long trading journeys as well as the production of grain. The use of commercial banks by the average citizen is a relatively new phenomenon, historically speaking, but moneylenders have engaged in basic banking practices since the time of ancient Roman Empire. Primitive banking, though, mainly consisted of changing foreign currency to that of the Empire, rather than investment as we see today. Today's commercial banks are so common that more people work in the commercial banking sector than in any other part of the financial services industry.


What is the difference between Merchant bank and commercial bank?

The world of banking and finance is one of many intricacies. Many types of financial institutions exist, including commercial banking and merchant banking. The difference between commercial banking and merchant banking lies mainly in the services they provide, and to whom they are provided. Commercial banking is generally accessible to anyone for basic banking needs, whereas merchant banks serve mainly large companies and very wealthy individuals. Commercial banks are what people typically refer to as "banks." A commercial bank can provide loans to individuals and small businesses. It raises funds by collecting deposits from these same groups of people, as well as from interest charged on loans. It also purchases bonds from governments and corporate entities. The banks described above are the most common definition of commercial banks. Commercial banking is also sometimes defined as the provision of banking services such as checking and loans to large businesses, as distinguished from individual citizens. In this case, banking provided to individuals is referred to as retail banking to differentiate it from the second definition of commercial banking. Commercial banking and merchant banking both involve the provision of financial services and advice. Merchant banking, however, often focuses on investing a depositor's assets in a finance portfolio and managing these investments. Merchant banks are commonly called investment banks in the United States. Apart from investing and managing the assets of wealthy clients, merchant banks also offer counsel and advice to large corporations. This advice is particularly useful when a corporation is considering getting involved in a merger with, or acquisition of, another corporation. Both commercial banking and merchant banking have roots that go back hundreds of years, if not more. Merchant banks were actually the original banks, and were invented in the Middle Ages by Italian grain merchants. These merchants, as well as Jewish traders fleeing persecution in Spain, used merchant banking to finance long trading journeys as well as the production of grain. The use of commercial banks by the average citizen is a relatively new phenomenon, historically speaking, but moneylenders have engaged in basic banking practices since the time of ancient Roman Empire. Primitive banking, though, mainly consisted of changing foreign currency to that of the Empire, rather than investment as we see today. Today's commercial banks are so common that more people work in the commercial banking sector than in any other part of the financial services industry.

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Most banks provide the basic banking services to its customers. Some of the different services available from banks to its customers are: 1. Checking/Current account 2. Savings accounts 3. internet/Mobile Banking 4. ATM Cards 5. Check Books 6. Deposit Accounts 7. Loans 8. Credit Cards etc.


What services are offered at Westfield Bank?

Westfield Bank offers many services. Not just your basic checking and savings account, they have so much more. On line banking, debit cards, mobile banking, E statements, telephone banking, just to name a few.


What is in store banking?

In-store banking refers to banking services that are available within a retail store or supermarket. Some banks have branches or kiosks set up within these stores, offering basic banking services such as deposits, withdrawals, and account inquiries. In-store banking aims to provide convenience and accessibility to customers by locating banking services where they already shop.


What are the basic banking services provides in e-commerce?

Checking account statements Round the clock banking (ATM) Payment of bills Fund Transfer and Updating pass books


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