Overview
Utility services in banking are essential for managing personal finances and conducting transactions. These services include account management, payment options, and loan offerings, which help customers navigate their financial needs effectively. Understanding these services is crucial for making in...
Key Terms
Example: Account management includes tracking transactions and managing balances.
Example: Credit card payments and online transfers are common payment services.
Example: A mortgage is a type of loan used to buy a house.
Example: A higher interest rate means more money paid back on a loan.
Example: A financial advisor can help with retirement planning.
Example: Wire transfers are often used for international payments.
Related Topics
Key Concepts
Account ManagementPayment ServicesLoan ServicesFinancial Advising