After the second world war United States for the first time Launched by the 1994 crisis in our country, consumer banking started. Realizing that they cannot profit from corporate transactions in this crisis, banks start to focus on individual transactions as well. These transactions, which were not taken into consideration until that date, started to act as a good source of income for the banks after the crisis.
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Thanks to retail banking you make transactions such as investment, payment, retirement, credit, insurance. Tellers, on the other hand, usually handle the withdrawal and deposit transactions. You perform transactions such as withdrawing loans, opening an account, making investments, creating a retirement account in the individual section. People working in this department will get to know you over time and can follow your direct instructions whenever you want to make an action. You can quickly and securely manage your accounts and perform your banking transactions.
What is Retail Banking?
In line with the wishes of the people, the banks provide services with individual content and provide these services technology The sector that emerges as a result of enabling it is called retail banking. Banks believe that the services provided to individual customers will not have an end. When you look at it, they are very right. Because people eternal needs and it takes a new shape every day. Banks are also integrating themselves to these needs.
Web banking in banking, ATM Applications such as are very important in terms of making life easier. Transferring many transactions that have to be made by going to the bank on the web or being able to access ATMs at any point you want özgü increased the willingness to the bank.
This system was put into practice by the USA for the first time after the Second World War. In our country To the 1994 crisis Individual services are limited in banks, which mostly serve as corporate banking. After the crisis, banks that did not make a lot of profit from corporate services and faced with high risks started to produce new services for them by turning their targets into individual customers.
People in a crisis environment safe The search for a home özgü led both banks to improve their individual services and people to prefer banks. The number of banks increased with this mutual interaction and technological changes. Formed from competition Service networks also expanded and individuals’ needs for banks increased.
The best example to this situation is credit cards. 20 years ago, the number of customers using credit cards was small enough to be shown with a finger. If today To 58 million özgü approached. This increase özgü shown not only in credit cards but also in other services.
What are Retail Banking Transactions?
It covers all kinds of transactions you need as an individual and özgü created sub-categories. Think about the situations you might need. Need for money, need to invest, desire to save, future guarantee in short making your life easier offers many more advantages.
Cash Delivery Process
It allows you to take the biggest step towards meeting any of your needs. Or it can come to your rescue in an instant need. Of course, it makes these transactions as debt and for a certain commission fee. In short, for all your needs with loans and varieties responds.
Bank to bank difference You can easily use credits that show and have many types within the framework of your reputation in banks. If your score in the credit rating application developed for individual customers is good and sufficient, banks will open all their monetary resources to you.
Payment Tools That Replace Money
Of course you get what I’m talking about. Debit and credit cards are tools that you can make in your payments and provide exchange. As long as you have money in your debit cards account in your shopping They are safer tools you can use instead of carrying cash.
Credit card, on the other hand, is a banking product that özgü a certain limit, özgü a certain payment order after it is used and brings various advantages. Instead of payment using these passing vehicles, cash Money eliminates the transportation sorun.
Investment and Deposit Transactions
The need for investment is one of the situations that almost every individual wishes to realize in line with their dreams. Banks also create differences in their services in response to this request. investment they offered options.
You can use your savings in deposit accounts and earn income in return. Under these deposit accounts, there are some investment instruments traded in other financial markets. With the bank being a safe institution, advantageous You can evaluate the way.
Saving or Saving Money
Your money in your bank account can save and safely you can hide. Now, the period of keeping money under the pillow is far behind. This transaction özgü been moved directly to bank accounts. Theft, getting lost With the prevention of such situations, intermediate transactions are also provided through accounts. Money transfers have become much easier on your accounts where you can make EFT and money aktarma.
Payment Transactions
Formerly electricity bill separate for, water bill separately for your other payments waste of time you were living. Banks have also created services for these transactions. By integrating these institutions with their systems, it özgü enabled you to hisse all in one place. Even web banking or with automatic payment orders You don’t even need to go to the banks.
Insurance, Retirement and Derivative Options
These products, developed with the desire of every person to guarantee their future life, can appeal to groups of all ages. Pension systems is an example of these. On the other hand, they have also developed systems that prevent the troubles we will experience in the loss of all valuable things we have. Our health comes first and health insurance, earthquake insurance, home insurance It appeared before us in such shapes.
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How Can We Turn Retail Banking Transactions into Advantage?
Technology özgü helped turn transactions into an advantage. You use on your accounts Web banking application is intended to make your life easier while doing your transactions. You can perform your transactions at any time with the password you have received on your account.
You gain advantages with this system that provides effective use of time concept. You will hisse for transactions at the bank charges and commission fees is decreasing. Thus, you can be more advantageous in your individual transactions.
