1/12/2022

Chapter Contents
Bank Services
1. Payment services
2. Treasury services
3. Advisory services
4. Other….

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Payment services Fund transfer

 Fund transfer  Convenient

– Allow customers to transfer fund to the beneficiaries  Quick and safe
in any banks, anywhere and at anytime
 EX: By using internet banking
 May track record
 Cost-effective: Reduce administrative costs and
transaction fees, such as handling payment with
cash, earn extra interest for the unused balance
on account
 Transfer Fee?
3 4 – Yes, depend on the bank’s policy

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Bank card Debit Card

 Generally, bank cards include:  Customer use their own money to pay
– Debit card – Top up when the balance fall below the customer’s
– Credit card need for paying services
 Debit card can be used for:
– Cash withdraw (at ATM)
– Pay for services
 Ex: pay for goods when buying at the supper market
– Annual fee may be charged
– International Debit card can be used when traveling
5 6 abroad or paying for international transaction

Credit card Credit card

 Bank offer a credit limit for the credit card.  Credit card can be used for: (Cont.)
Customer can borrow up to the credit limit
– Annual fee may be charged
– “Use first pay later”
 International Crebit card can be used when
 Credit card can be used for: traveling abroad or paying for international
– Cash withdraw (at ATM): but with a very high cost transaction
 EX: 4% for withdrawal fees
– Pay for services: this is the best way for using credit
card
 Ex: pay for goods when buying at the supper market
7 – Annual fee may be charged 8

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Treasury services

 Bank may offer treasury services for corporation

and institutions such as:
– Auto pay
– Cash management
– Liquidity and investment
– ….

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