What is the need for the introduction of bank account?

(v) Accounts with Introduction – The provisions for opening of bank accounts with restrictions on total credits and outstanding balance, with introduction from an existing account holder or other evidence of identity and address to the satisfaction of the bank, were made to help persons who were not able to provide ‘ …

What questions are asked when opening a bank account?

9 questions to ask before opening a bank account

• What are the bank’s fees?
• Where are the bank’s ATMs?
• Is there a minimum balance required?
• What’s the accounts’ interest rate?
• Does the bank have good customer service?
• Does the bank have online banking and a mobile app?

What is the introduction of banking?

Banking is defined as the business activity of accepting and safeguarding money owned by other individuals and entities, and then lending out this money in order to conduct economic activities such as making profit or simply covering operating expenses.

What is the purpose of opening an account?

to help save money for emergencies or goals. to keep your money safe. to keep some money separate from the money you spend every month.

How do I convince someone to open a bank account?

Sir as your company has a prestigious name in the market so we would like to invite you to our banking family. We would love to serve our services to you, looking forward to your response. Respected sir, I would like to tell you that I am (Name) from (Bank and branch name) bank.

How do you introduce yourself to a bank manager?

(I) Tell the interviewer that it is a pleasure to meet them , smile, and be sure to make eye contact. (ii) Keep your introduction short and concise. (iii) Focus on your qualification. (iv) Be prepared for follow up questions.

What is the origin of banking?

Banking activities started in Nigeria in the year 1892 with the opening of the Africa Banking Corporation in Lagos . In 1945, Agbonmagbe Bank [now Wema Bank Plc ] was established. The period between 1892-1952 were regarded by central bank authorities as a period of ” Free of all “banking.