Financial Directory - Banking -
The classic definition of banking says that this is the financial business activity of accepting money from individuals, businesses, organisations and all other entities, usually in form of deposits. Banking business mean that your money are safeguarded and earn an interest, if deposited for a longer period of time.
On another side, banking mean lending money (collected in the form of deposits, own capital, borrowed, etc.) to the businesses, governments, individuals, etc., in order to earn a profit.
Banking activity means the flow of money in the modern economy, where money deposits from savers and bank's own capitals are used to help grow businesses, to invest in start-ups, to finance mortgages, and in all other productive use and investments, in general.
Banking activity is changing in time, as modern technology and demand from the market, drive banking business into new spheres of market activities. The so-called banking services include much more than accepting deposits, nowadays. Banking means also providing safe custody of valuable items, lockers, issuance of credit and debit cards, ATM services, checking accounts, savings accounts, domestic and international transfer of funds, or providing open credit lines for businesses, to name a few.
Banking law is evolving and in many countries a single bank can now deal with retail banking, business banking and investment banking. In fact, business banking is a very important part of national economy and is crucial in flow of capital into new and modern investments thus help companies grow and create jobs, as well.
Banking and the wide range of financial institutions perform the bigger role than move money through the economy, and provide a common system that is liquid, accepted and trusted by majority of citizens.
You know that the whole networks of banks agree to honor your credit or debit card. For example, if you issue a check on your account, you can be sure that the recipient of the check will get money, thousands miles away from your native bank.
In fact, we all believe and keep trust in the whole financial system - this is a very important part of our everyday living.
Best Financial Directory has intention to list quality and secure banking venues below, for your convenience and information.
Banking Featured Listings
Bank of America offer online banking for their customers.
Bank accounts and other banking products are managed securely and easily via access to accounts online 24/7 anytime, from anywhere.
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