BANKING AFFAIRS

Detailed explanation-1: -They provide a range of services such as checking and savings accounts, loan and mortgage services, financing for automobiles, and short-term loans such as overdraft protection. Many also offer credit cards. They also offer access to investments in CDs, mutual funds, and individual retirement accounts (IRAs).

Detailed explanation-2: -The 5 most important banking services are checking and savings accounts, loan and mortgage services, wealth management, providing Credit and Debit Cards, Overdraft services.

Detailed explanation-3: -A basic bank account is a current account that is free of charge for everyday banking for at least the first year. What is the difference between a basic bank account and a current account? Unlike current account, a basic bank account is free from minimum balance requirement and perform limited number of transactions.