Banks are categorized according to the products and services offered and the type of clients they serve. Clients have different needs hence the availability of different types of banks to meet these varying needs. For safe keeping of your money and other valuables in Washington dc banks are the best option because their services are very efficient and security very high.
These ventures accept customer deposits which are in various categories and are kept in different accounts. Saving deposits are kept in the savings account, have a low interest rate, encourage saving among customers and are suitable to the working class. For large sums of money clients are encouraged to make fixed deposits which are usually done for a specific period of time. They have high interest rates.
However one is not able to get access to chequebooks and bank overdraft when they open this type of account. Interest rates that clients get when they deposit money and due to the number of transactions they carry out are lower as compared to other accounts. For easy withdrawing of money ATMs are given to customers and the fee charged is low.
Current accounts are also customized to be used daily by customers in payments of cash, money withdrawals among others. With this type of account a debit card is issued out to customers making it easy for them to access money from anywhere where there is an ATM machine. These debit cards can also be use by clients in making payments in supermarkets, petrol stations among other business forms that allow this kind of payment.
Other types of banking institutions found in Washington dc are Co-operative banking systems. These offer cheap credit to their clients with very little interest rates. The customers of these types of banking are members of co-operatives in the area like housing co-operations. These ventures make it easy for their clients to access facilities and services that they cannot afford like education and health care by issuing out credit. An example of this type of bank is the National Cooperative Bank.
General utility is another non-banking function performed by these financial institutions. These include issuing letters of credit where the client is involved in international trade, provide locker facility that is keeping customers valuables like jewelry and important documents. Banks especially commercial ones deal in foreign exchange, issue out drafts to their clients for transfer of money from one place to another and also offer provide market information to their clients.
Student accounts as the name suggests are accounts held by students in schools and universities. To open this account among other requirements one should provide an admission letter from their respective school. These accounts have the overdraft facility and have some incentives like complimentary insurance. The limited amount one can keep in the account is low as compared to other accounts. However there are no interest rates that customers get on the money saved in these accounts.
These financial institutions not only keep your money and other valuables safe they also advise you accordingly. To ensure satisfaction among their clients in Washington dc banks will ensure that their services are of high quality, sufficient and very effective. These banks are very easy to access and all customers financial needs will be catered for.
These ventures accept customer deposits which are in various categories and are kept in different accounts. Saving deposits are kept in the savings account, have a low interest rate, encourage saving among customers and are suitable to the working class. For large sums of money clients are encouraged to make fixed deposits which are usually done for a specific period of time. They have high interest rates.
However one is not able to get access to chequebooks and bank overdraft when they open this type of account. Interest rates that clients get when they deposit money and due to the number of transactions they carry out are lower as compared to other accounts. For easy withdrawing of money ATMs are given to customers and the fee charged is low.
Current accounts are also customized to be used daily by customers in payments of cash, money withdrawals among others. With this type of account a debit card is issued out to customers making it easy for them to access money from anywhere where there is an ATM machine. These debit cards can also be use by clients in making payments in supermarkets, petrol stations among other business forms that allow this kind of payment.
Other types of banking institutions found in Washington dc are Co-operative banking systems. These offer cheap credit to their clients with very little interest rates. The customers of these types of banking are members of co-operatives in the area like housing co-operations. These ventures make it easy for their clients to access facilities and services that they cannot afford like education and health care by issuing out credit. An example of this type of bank is the National Cooperative Bank.
General utility is another non-banking function performed by these financial institutions. These include issuing letters of credit where the client is involved in international trade, provide locker facility that is keeping customers valuables like jewelry and important documents. Banks especially commercial ones deal in foreign exchange, issue out drafts to their clients for transfer of money from one place to another and also offer provide market information to their clients.
Student accounts as the name suggests are accounts held by students in schools and universities. To open this account among other requirements one should provide an admission letter from their respective school. These accounts have the overdraft facility and have some incentives like complimentary insurance. The limited amount one can keep in the account is low as compared to other accounts. However there are no interest rates that customers get on the money saved in these accounts.
These financial institutions not only keep your money and other valuables safe they also advise you accordingly. To ensure satisfaction among their clients in Washington dc banks will ensure that their services are of high quality, sufficient and very effective. These banks are very easy to access and all customers financial needs will be catered for.
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