BANKING 101: UNDERSTANDING THE BANKING SYSTEM

What Will You Learn?

• Understand the Banking Landscape: Gain a comprehensive overview of the banking industry, its history, and its role in the financial system.
• Comprehend Banking Regulation: Explore the regulatory framework that governs banks, ensuring financial stability and consumer protection.
• Master the Bank-Customer Relationship: Understand the dynamics of the bank-customer relationship, including rights and responsibilities.
• Identify Types of Customers and Their Accounts: Learn about various customer types and the types of accounts they can hold with banks.
• Explore Deposit Accounts: Dive into the world of deposit accounts, including savings, checking, and time deposits, and their features.
• Study Negotiable Instruments: Understand negotiable instruments like checks, promissory notes, and their significance in banking transactions.
• Examine Loans and Advances: Gain insights into the lending functions of banks, including different types of loans and credit evaluation.
• Navigate Fee-Based Banking Services: Explore fee-based banking services, such as wire transfers, ATM fees, and safe deposit boxes.
• Master Electronic Banking: Learn about the evolution of electronic banking, online banking services, and the digital transformation of the banking sector.
• Delve into Marketing of Bank Products: Understand how banks market their products and services to attract and retain customers.
• Embrace Know Your Customer (KYC): Explore KYC regulations and their importance in preventing fraud, money laundering, and ensuring customer due diligence.