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A bank contains financial services like accepting deposits and providing loans, often acting as a secure place to store and manage money. It also offers other products and services such as checking and savings accounts, ATMs, and foreign exchange services. Banks are fundamental to the economy, using customer deposits to fund loans for individuals and businesses and helping with financial managemen
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Online banking is managing your bank accounts and performing financial transactions over the internet using a computer or mobile device. It allows you to check balances, transfer funds, pay bills, and deposit checks without visiting a physical branch. Access is typically provided through a bank’s secure website or a dedicated mobile app
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E-banking, or electronic banking, is the process of using electronic devices and the internet to perform banking transactions. Also called online banking, it allows customers to manage their finances through digital platforms like a bank’s website or mobile app, without having to visit a physical branch. Key services include checking balances, transferring money, paying bills, and applying for loans.
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Mobile banking is a service that allows a bank’s customers to conduct financial transactions using a mobile device. Unlike the related internet banking it uses software, usually an app, provided by the bank. Mobile banking is usually available on a 24-hour basis.
Bank saving is the practice of depositing money in a special bank account, called a savings account, to keep it secure and earn interest over time. Unlike a checking account used for daily spending, a savings account is designed to hold funds for future goals like an emergency fund or a down payment, and the bank pays you interest for keeping your money with them.
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