Skip to main content
_FB_2018-Icons-finalized-cleaned-up_new_FB_2018-Icons-finalized-cleaned-up_newGroup 9
Find Your Local Branch
Back
Scroll to top

Four Different Types of Services | Banking

Personal Finances 2 min read

Ready to talk to an expert?

Find A Location Get In Touch

A bank’s job is to provide customers with financial services that help people better manage their lives. As technology advances and competition increases, banks are offering different types of services to stay current and attract customers.

Whether you are opening your first bank account or have managed a checking account for years, it helps to know the different types of banking services available. This ensures you get the most out of your current financial institution. Deciding which services are most important can lead you to the bank that best fits your needs.

Different Types of Services | Bank Accounts

Individual Banking—Banks typically offer a variety of services to assist individuals in managing their finances, including:

Business Banking—Most banks offer financial services for business owners who need to differentiate professional and personal finances. Different types of business banking services include:

  • Business loans
  • Checking accounts
  • Savings accounts
  • Debit and credit cards
  • Merchant services (credit card processing, reconciliation and reporting, check collection)
  • Treasury services (payroll services, deposit services, etc.)

Digital Banking—The ability to manage your finances online from your computer, tablet, or smartphone is becoming more and more important to consumers. Banks will typically offer digital banking services that include:

  • Online, mobile, and tablet banking
  • Mobile check deposit
  • Text alerts
  • eStatements
  • Online bill pay

Loans—Loans are a common banking service offered, and they come in all shapes and sizes. Some common types of loans that banks provide include:

Better Banking Services from First Bank

If your current financial institution doesn’t offer the services mentioned above, you may not be getting the best banking service possible. At First Bank, we are dedicated to helping our customers get the most out of their money.

That is why we offer different types of banking services to meet a variety of needs. To learn more about our banking services, visit your local branch today.

*Investment and Insurance Products are NOT Bank Deposits, NOT FDIC-Insured, HAVE NO Bank Guarantee, NOT Insured by any Federal Government Agency, May Go Down in Value

———
Sources:
http://www.stockmonkeys.com/what-services-do-modern-banks-offer-4BTIGOI3/
https://localfirstbank.com/business/
http://www.cbsnews.com/news/smart-phones-are-revolutionizing-consumer-banking-habits/
https://localfirstbank.com/locations

Ready to talk to an expert?

Find A Location Get In Touch
Share:
First Bank’s Good To Know Logo
Sign up for our newsletter and be the first to know about new tips, insights, and products from First Bank.
First Bank may use this email address to contact you about products, services, and promotions.

You may be interested in...

Fraud Prevention Checklist Arm yourself with the knowledge to fight back against scammers with our 2024 fraud prevention checklist. Empowering you to be informed, cautious, and proactive in avoiding fraud. 7 min read
Hurricane evacuation route sign 5 Ways to Protect Your Home for Hurricane Season Summer is hard to beat with the warmer weather, longer days, family vacations, and backyard parties. But if you live anywhere near the coast, summer means more than beaches and barbecues. You also need to prepare for hurricane season. 3 min read
Find the Best Savings Account Rates at First Bank in North Carolina Finding the best savings account rates in North Carolina can be beneficial for many reasons. Whether you want to save money in the case of an emergency or start a fund for your child’s education, having the right savings account can help you reach your goals. At First Bank, we are confident you can find what you need with one of our many savings account options. Compare NC Savings Account Rates at First Bank When you’re looking to compare rates, it’s important to know what you’re getting from a savings account. At First Bank, we have six types of savings accounts at competitive rates that can fit your financial goals: Everywhere Savings The Everywhere Savings is First Bank’s signature savings account that can be tailored to meet your financial needs. With a minimum of $50 to open, our savings benefits include: 2 free withdrawals per month* No minimum balance to earn interest Free online and mobile banking* Free online bill pay Free eStatements or paper statements MyFirst Savings If you’re under 18 years old and you’re ready to start saving, the MyFirst Savings account is a great way to teach your kids the value of money at an early age. With only a $10 deposit to open, our savings benefits include: 2 free withdrawals per month* No minimum balance to earn interest Free online and mobile banking* Free online bill pay Free eStatements or paper statements Money Market For higher rates and access to your funds when you need it, the Money Market savings account can help you stretch your dollar. A $1,000 minimum is required to open this account to access benefits, including: 6 free withdrawals per month* Free online and mobile banking* Free online bill pay Free eStatements or paper statements More Savings Account Options If you do not need immediate access to your funds, Certificates of Deposit (CDs) typically offer higher rates than other savings accounts. A First Bank CD is a safe, FDIC-insured investment, and requires minimum deposit of $1,000 is required to open.* In addition to these accounts, we also offer Individual Retirement Accounts (IRAs) and Health Savings Accounts (HSAs) to accommodate your specific savings needs.* How Savings Account Rates in North Carolina are Calculated 6 min read
Earn More with Interest-Bearing Checking Accounts An interest-bearing checking account offers the interest accumulation of savings accounts with the withdrawal and check-writing ease of checking accounts. This best-of-both-worlds combination allows bank customers to accrue some interest on their balance while only needing to meet some minimum requirements. First Bank’s Interest-Bearing Checking Accounts The money in your checking account is yours and earning interest on it matters. At First Bank, we offer three types of checking accounts (two personal and one business) that accrue interest when the minimum balance is maintained. Each is uniquely designed to meet the needs of our many different customers. Interest-Bearing Personal Checking Accounts Everywhere Plus. Our Everywhere Plus account comes with free online and mobile banking, free online bill pay, and free paper or electronic statements. Everywhere Plus customers also have a credit card rewards program for eligible card. Everywhere Premium. The Everywhere Premium account includes all the basics of the Everywhere Plus level while also granting unlimited out-of-network ATM transactions with no First Bank fees, free member checks or 50% off other check designs, and four free official checks per statement cycle. Interest-Bearing Checking Account for Businesses With our Business Interest account, business owners enjoy: 250 free transactions per month Cash or coin deposits of up to $10,000 every month at no charge Rewards benefits with an eligible credit card Free 24-hour telephone banking Online and mobile banking Contact your local branch and get started with an interest-bearing checking account today. Is an Interest-Bearing Account Right for Me? According to the Las Vegas Review-Journal, interest-earning checking accounts are typically good for people who: Carry large account balances Spend less than they earn Keep a stockpile of cash or funds Are retired and want a higher-interest product than most of today’s investment accounts Pay attention to their finances and can meet the criteria needed to open an interest-earning checking account For a related article, visit: High Interest Checking Accounts – North Carolina While First Bank does not charge for mobile banking, your mobile carrier’s message and data rates may apply. The First Bank Digital Banking Apps are available for select mobile and tablet devices. There is no charge from First Bank, but message and data rates may apply. Must enroll in First Bank Online Banking and download the First 3 min read
First Bank logo
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognizing you when you return to our website and helping our team to understand which sections of the website are the most popular and useful.