Services Offered By Banks Flashcards
1
Q
Name the services offered by banks? (10)
A
- Cellphone and Internet banking
- Bank Balances
- Bank Statements
- Capital Investments
- Payment to Third Parties
- International Trade
- Foreign Exchange
- Loan Applications
- Opening and Closing Accounts
- Wills, Financial Planning and Retirement Planning
2
Q
Banks have a savings account for people______ __.
A
Under 18
3
Q
What do people under 16need to do to open the account?
A
A parent
The parent will need their ID book, proof of address and birth certificate.
4
Q
People who are over 16 need?
A
ID book and proof or address
Proof address is any document that proves you at the residential address that you give the bank.
5
Q
How much do you have to pay to open a savings account?
A
R10
6
Q
What do you get once you have opened your account?
A
An ATM card withdrawals and deposits
