If you have ever withdrawn money from an ATM, you may have noticed that the prompts give you two account options to withdraw from - savings or current. Exactly what do these mean? In this article, we shall be considering all the fine details of a savings account, leaving the other for another time. What [...]
In a previous post, we broached the subject of account type taking a critical look at the savings account, how it works, and what benefits there are to it. In this follow-up post, we shall be considering the current account, and how it measures up against the savings account. Do dig in, let's make today [...]
Have you ever been in, or witnessed a situation where money was needed for an emergency? Perhaps, it was to pay a hospital bill, to fill a badly needed prescription, or pay for some other emergency expense. You would find that in most cases, people have to resort to throwing themselves on the favour of [...]
Business Studies JSS 2 Week 5 Topic: Bank Services Contents: Meaning of Bank Types of Banks Function of Banks Commercial bank services A. Meaning of Bank A bank is an establishment authorized by a government to accept deposits, pay interest, clear checks, make loans, act as an intermediary in financial transactions, and provide other financial [...]