1 / 20

Bank service

Bank service. Jing Zhang Jiachen Zhuang. Why you need a bank?. Definition Purposes of banks Safety of financial institutions Banks as money management tools The earned income tax credit. Basic Bank Service. Checking account Saving account Certificate of deposit Safety deposit

anika
Download Presentation

Bank service

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Bank service Jing Zhang Jiachen Zhuang

  2. Why you need a bank? • Definition • Purposes of banks • Safety of financial institutions • Banks as money management tools • The earned income tax credit

  3. Basic Bank Service • Checking account • Saving account • Certificate of deposit • Safety deposit • Bank card • Credit card • youth

  4. Checking account • Primary purpose: paying bills and making purchase • Different types: free, basic,express,interest-bearing and others

  5. Saving account • Main function: save money for the future • Risk-free investment • Different types offer a variety of interest rates

  6. Certificate of Deposit • Long-term bank account • Higher interest rate • Run from months to years • The length of CD affects the interest rate

  7. Safety Deposit • Offered as a secure storage option • A variety of sizes are available to store items • Accessible during bank lobby hours

  8. Bank Card • Make life much easier • Daily banking becomes much faster and more convenient

  9. Credit Card • Withdrawing money for your account immediately • A safe and secure way to handle money by efficiently manage

  10. Youth • For youth who wants to get into banking early • Bank will help youngers deal with bank service

  11. Online Banking Service • What is online banking? • Understand online banking services Getting set up for online bill pay Set your schedule Security

  12. Advantages of online banking • Convenience • Ubiquity • Transaction speed • Efficiency • Effectiveness

  13. Disadvantages of online banking • Start-up may take time • Learning curve • Bank site changes • The trust thing

  14. Industry dominated by “Big 6” • Royal Bank of Canada • Bank of Canada • Canada Imperial Bank of Commerce • National Bank of Canada • Scotia Bank • Toronto-Dominion Bank

  15. Personal Financial Services of RBC • Everyday Banking • Borrowing & Credit • Investments • Insurance

  16. Everyday Banking • Banking & Saving Accounts • Student Banking • Online Banking • Other Ways to Bank

  17. Borrowing & Credit • Credit Cards • Mortgages • Loans & Lines of Credit • Home Equity Loans

  18. Investments • RRSPs and TFSAs • Mutual Funds and GICs • RESPs • Wealth Management • Other Investment Services

  19. Insurance • Travel Insurance • Mortgage & Loan Insurance

  20. Thank you for listening Any Questions?

More Related