Get premium membership and access questions with answers, video lessons as well as revision papers.
Got a question or eager to learn? Discover limitless learning on WhatsApp now - Start Now!

Don't downplay the role of banks to take care of your hard earned money

  

Date Posted: 12/19/2012 2:14:47 AM

Posted By: fly1234  Membership Level: Bronze  Total Points: 15


Banks are becoming more and more important these days. More than just a place to store cash, these money institutions offer a variety of great services. No matter what type of account you would like to own, there is always an option that best suits you. When it comes to your earnings and savings, safety and security is a MUST! You can be sure that your treasures are protected at the right center. Banks, today, centers are also very convenient- i like the "kwa jirani" initiative by co-op bank. And services can also be accessed online nowadays-i know of ecobank where customers only download a financial application on their phone from android, then they can conduct all their transaction fast, efficiently and conveniently.

You may have owned one of those cute glass piggy banks when you were a child. But when you grew older, your options also expand and there was need for a more practical way to take care of all your cash. A checking account is a popular way that many people manage their funds today. When you open a checking account, you will receive a debit card and some personal checks. This way, you can have different options on how to pay your bills. If you don't have ready money, you can always swipe your card or write a check. And tracking your money can be so simple. Monthly statements are sent to you so that you don't miss out on anything.

Obviously all banks offer savings accounts as well. A smart decision for every person is to save as much money as possible. With all the extravagant spending of the 21st century, it's only wise to have some backup funding for a rainy day. Or perhaps you are trying to save for a home-so that you don't

end up paying rent for the rest of your life. What better way to do so than to have this money saved in a personal account? This money will go untouched and of course will only be accessible by you at limited times, some banks will tell you that you can only access your savings twice a month-to deter you from spending your savings. Money is evil, i have never understood it's dynamics. It's hard to earn yet hard to keep. By saving, you can take care of your future. This can save you from going broke when you don't need to be. Also it keeps you at peace, knowing that you have some financial security.

Of course if you want the best services,choose reputable and reliable banks, you will get the most for your money. There are no ledger fees when you have the best checking account. Also you can check into at the ATM at anytime with your trusty debit card. ATM machines operate 24 hours a day and are available almost at every location. When you have a debit card, you don't have to run out of cash. With the mobile banking technology, you don't always have to physically be present at your bank to see what's going on with your accounts. You can check your statements and transactions online at the comfort of your sitting room. This means that you can keep track of every single coin at your banking! You should always be the first person to know every detail of your money. Money is extremely important. If not taken care of, your personal funds can disappear or spent carelessly. Today's world has offered a vast array of opportunities for financial institutions to open business almost everywhere which is a good thing.



Next: Marketing tactics: the mindset of a billionaire marketer.
Previous: Why integrated marketing is ideal for your business