COMMERCE 4FP3 Chapter 4: The banking services of financial institutions
28 Jan 2019
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Schedule i banks: full-service domestic banks including the big six (rbc, cibc, bmo, scotia, Td, national bank of canada), smaller canadian-owned banks and other non-bank financial institutions. Synchronization with quicken or money: use software to manage their finances enjoy the ability to download transactions directly from bank"s website into quicken or microsoft. Insurance protection, real estate purchases, financial planning, etc. Trust: a legal agreement that provides for the management and control of assets by one party for the benefit of another: arranged through a commercial bank or a lawyer. Direct deposit: earnings automatically deposited into chequing or savings accounts. Automatic payments: many utility companies, lenders, and businesses allow customers to use an automatic payment system, with bills paid through direct withdrawal from a bank account. Automated teller machines: aka atm: reducing atm fees, compare atm fees at different financial institutions before opening an account.
