In the United States, it is very common to pay by check. When you buy or sell something or provide paid services, the buyer or customer writes a check to the seller or service provider. …Continue readingChecks in the banking system
Current accounts are deposits used by consumers and businesses to pay bills and withdraw cash. They pay little or no interest and usually include a monthly fee, usage fee, or both.…Continue readingBasic banking services
Unlike other developed countries, the U.S. has a banking system consisting of many thousands of banks. Although in the U.S. in the twentieth century the total number of banks…Continue readingPeculiarities of bank concentration
Commercial and private line: in this case, the bank offers one manager to work for the organization, allowing it to negotiate and process savings and financing privately.…Continue readingThe wholesale banking model
The term home banking began to be used in the late 1990s, when it became possible to do any kind of management outside the physical headquarters of any bank office and in a wider time frame.…Continue readingThe evolution of home banking