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Lodging money into a bank account is a transaction, as is withdrawing money. Adding interest to an account is a transaction. Direct debits are transactions. Deducting bank charges is a transaction. Basically any sort of activity involving a change of money in an account is a transaction. You will get a list of them on a bank account statement.
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What are the differences between Uni banking and Inter banking System?
Uni-banking is a system where all the branches of the bank are electronically linked and the customers can carryout their transactions at any branch of the bank as it is the branch where they have their account. But inter banking is a system where you carryout transactions between two banking institutions.
What is net banking and core banking?
Core banking refers to banking services provided by a network of branches. Internet banking is the ability to complete banking transactions from your home using your computer.
What is the difference between wholesale banking and retail banking?
Wholesale banking is the business transactions that go on between banks. Retail banking has to do with direct customers of the bank.
How many internet banking transactions are conducted daily?
Millions.
Does personal banking let you bank online?
One of the many features of personal banking is the ability to conduct banking transactions online. Most transactions that one would perform at a branch with a teller are readily available online from the comfort of your home or when you are on the go.
What is IBCA in banking?
IBCA in terms of Banking mean, Inter Bank Credit Transactions IBDA Inter Bank Debit Transactions
What are the differences between Uni banking and Inter banking System?
Uni-banking is a system where all the branches of the bank are electronically linked and the customers can carryout their transactions at any branch of the bank as it is the branch where they have their account. But inter banking is a system where you carryout transactions between two banking institutions.
What is net banking and core banking?
Core banking refers to banking services provided by a network of branches. Internet banking is the ability to complete banking transactions from your home using your computer.
What is the difference between wholesale banking and retail banking?
Wholesale banking is the business transactions that go on between banks. Retail banking has to do with direct customers of the bank.
How many internet banking transactions are conducted daily?
Millions.
Does personal banking let you bank online?
One of the many features of personal banking is the ability to conduct banking transactions online. Most transactions that one would perform at a branch with a teller are readily available online from the comfort of your home or when you are on the go.
What is phone banking?
Phone banking is when you are able to do transactions over the phone. Another new form of phone banking is when you can access your online bank account from a smartphone.
How does equinox banking system work?
Just like any other banking system. Managing accounts/transactions....e.t.c
Significance of core banking?
Core banking allows customers to access their bank account and perform basic transactions through a group of networked bank branches. This grants the ability to not only performed these transactions through branch offices, but also ATMs and Internet banking.
What is net banking?
banking transactions carried over net such as payment of bills, transfering funds from one account to other etc
Any where banking and any time banking means?
Usually Banking transactions like deposits, withdrawals etc are done in bank branches. Anywhere banking refers to the option where a customer can carry out banking transactions anywhere. (He need not make a visit to the bank branch to carry out the transaction) Anytime banking refers to the option where a customer can carry out banking transactions anytime during the day. Usually banks are open only during say 9AM to 5 PM and the customer would have to visit the bank the next day if he wishes to avail any services. In anytime banking this time constraint is done away with.
What is a written record of all transactions with banking or credit accounts?
Bank Statement.
