Services Banks Offer
Types of Account    Deposit account    Current or checking account – a deposit    account with additional benefits. E.g....
Types of Loan    Overdraft – allows bank customers to    overdraw their account by an agreed amount.    Convenient short-...
Types of Loan    Commercial loan – a loan to a business to pay    for operating costs and the purchase of    materials an...
Methods of Payment    Cash    Direct debit    Check (cheque)    Debit card    Credit card
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G9 10 bank-services

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G9 10 bank-services

  1. 1. Services Banks Offer
  2. 2. Types of Account Deposit account Current or checking account – a deposit account with additional benefits. E.g. writing checks, using a debit card, etc. Savings account – with an interest
  3. 3. Types of Loan Overdraft – allows bank customers to overdraw their account by an agreed amount. Convenient short-term loan. Interest is charged. Personal loan – repaid with interest over a fixed period, usually for more than 6 months and up to 10 years.
  4. 4. Types of Loan Commercial loan – a loan to a business to pay for operating costs and the purchase of materials and machinery. Loan is repayable with interest over a fixed period of time. Mortgage – a long-term loan, often up to 25 years, used by people or firms to buy property. The loan is secured against the property.
  5. 5. Methods of Payment Cash Direct debit Check (cheque) Debit card Credit card

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