Regular commercial bank

Question 1

is a financial institution that accepts
deposits and offers a range of banking
services to individuals, businesses, and
organizations. It earns revenue by
charging interest on loans such as
mortgages, auto loans, and business
loans, using customer deposits as
capital to fund these loans.

• Accepting deposits
• Prociding loans
• Facilitating payments and transfers
• Foreign exchange ervices

Answer 1

regular commercial bank

Question 2

a process by which funds are transferred
from the bank account of the check issuer
(drawer) to the account of the depositor
(payee) after a check is deposited.

Answer 2

Check Clearing

Question 3

Check Clearing Process

Answer 3

1. Issuance of the Check
2. Check Deposit
3. Initial Verification
4. Sending the Check for Clearing
5. Credit to Payee’s Account
6. Check Return (if any)

Question 4

Advantage of Regular Commercial banks

Answer 4

• Convenience
• Security
• Credit and Loan Services
• Financial Services
• Payment Solutions
• Economic Growth Support

Question 5

DisAdvantage of Regular Commercial banks

Answer 5

High Fees and Charges
Low Interest on Savings
Strict Loan Requirements
Risk of Bank Failures
Limited Personalization
Privacy Concerns

Question 6

Examples of Commercial Banks

Answer 6

• Philippine Bank of Communications (PBCom)
• Bank of Commerce
• Philippine Veterans Bank
• Philippine Trust Company (Philtrust Bank)
• Robinsons Bank Corporation