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Well, honey, when a bank receives a payment on behalf of a customer, they're basically holding onto that cash until it's officially credited to the customer's account. But if the bank goes belly up before that money is safely in the customer's hands, well, that's just bad luck. The relationship between the bank and the customer in this situation? Let's just say it's complicated, like a messy divorce with money involved.
What else can I help you with?
Explain special relationship between banker and customer?
Bankers and customers work together to do financial transactions. A good banker will help a customer secure mortgages, balance accounts, and maintain a good relationship with the bank.
Is the banker customer relationship eternal?
The banker-customer relationship is not inherently eternal; it evolves based on trust, service quality, and changing financial needs. While long-term relationships can develop, factors such as shifts in customer preferences, competitive offerings, and economic conditions may lead customers to switch banks. Ultimately, the sustainability of this relationship depends on the bank's ability to adapt and meet its customers' evolving needs.
What do customers say about Alliance and Leicester Commercial bank?
Customers say that this bank values customer service, puts their customers first, and customers feel supported.
What do banks do with the deposits they receive from their customers?
They use that money to grant loans to other customers. Any deposit money received by the bank is used to grant loans to customers. The banks charge an interest from the loan customer and pay an interest to the deposit customer. Usually the interest charged to the loan customer is higher than that paid to a deposit customer.
How does Bank of America tend to its customers?
Bank of America tends to its customers by providing very reliable customer service and equipping its customer service people with very good training and et.
When the seller is paid the customers account is what?
The customer's account is credited.
Is customer relationship management beneficial?
Yes, customer relationship management is important because it helps a business retain customers. For businesses, it is easier to retain customers than it is to attract new customers.
What are the responsibilities of the customer relationship officer in hotel?
to have *relationships* with customers
Advances from customers appear in the accouting?
If you are the seller and recieve an advance payment from a customer, it means you are owing the customer and as much a creditor. Your cash is debited and the customer ( Customer's deposit account) credited;
Customer Relationship Management?
Customer relationship management (CRM) is a system that helps companies manage their interactions with customers. It can be used to improve customer service, increase sales, and grow a business.
What is a management strategy to improve customer relationship?
There are different ways to improve customer relationship some of them are the following; using a well-defined system in managing customers, keeping things simple and easy to comprehend, customer-centered services, and staying in touch with the customers as often as possible.
What is Customer Relationship Management initiative?
Customer Relationship Management is the way one mountains their relationship with customers. An initiative would most likely be some type of either intrinsic or extrinsic incentive for maintaining positive customer relationships.
What is the relationship between customer value and customer satisfaction?
Marketing is the delivery of customer satisfaction at a profit. Goals: Attract new customers by promising superior value and keep and grow current customers by delivering satisfaction.
What is the relationship between internal and external customers?
The relationship between an internal and external customer is moneys = service / products for the moneys.
What is the link between information management and customer relationship management?
Relationship is like boyfriend and girlfriend management and customers are the same
What is the relationship between customer value customer satisfaction and quality?
Marketing is the delivery of customer satisfaction at a profit. Goals: Attract new customers by promising superior value and keep and grow current customers by delivering satisfaction.
What are the potential returns of customer relationship management?
Customer relationship management may bring about 1. Customer loyalty 2. Firms goodwill 3. Better social relationship between customer (society) and the firm 4. Timely product improvements as per customers need.
