Personal BankingPersonal Banking Services
Personal banking is comparable to retail banking. The essence is the fact that the merchandise and services of the bank are customized to meet specific bank and ancillary needs, including everything from a bank checking account to investment advice. The various products available through personal banking include verifying accounts, savings accounts, CDs, check credit cards with rewards, different kinds of loans, and personal lines of credit, credit cards, personal trust and private bank services, home loan programs, investment management, discount brokerage, insurance services and advisory services. Insurance, investment advice, and prosperity management are high end products offered in personal banking. The most prominent feature in personal banking today is technology- allowed, custom-made products and services like anywhere banking, ATMs, and the delivery of services through channels like a telephone and the Internet. The idea is that the customer need not come to the branch for their services and this everything should be sent to the client at his convenience. The bank will provide single screen service, meaning that customers can visit one counter-top for any banking need. Personal banking is quickly capturing up in almost all the countries on the planet and is likely to add significantly to the bank's total income. Almost 15-20% of the customers add up to 90% of the lenders business, so proper service to these customers will deepen the financial romantic relationships. Everyone with a personal bank account needs to be very cautious and pay close attention to all aspects of their account. People should quickly review their bank assertion, avoid having to pay unnecessary fees and bank charges, avoid departing discarded bank documents behind, avoid bank online in public places, and periodically change their password. |