Skip to main content
_FB_2018-Icons-finalized-cleaned-up_new_FB_2018-Icons-finalized-cleaned-up_newGroup 9
Back
Scroll to top

Four Different Types of Services | Banking


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:

  • Checking accounts
  • Savings accounts
  • Debit & credit cards
  • Insurance*
  • Wealth management

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
**Member FDIC.

———
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/
http://locations.localfirstbank.com/locations

Trending Topics

First Bank Credit Card

There are many benefits to having First Bank Credit. Is there a purchase right now that you could afford in a few weeks? Maybe you don’t feel comfortable putting down a large…

Local Banks Near Me

When looking for local banks near you, look no further than your neighborhood First Bank. With locations across North Carolina, South Carolina, and Virginia, you can count on us for all…

Hassle-Free Savings Account in Asheville, NC

The only thing most people want in a savings account is a safe place to keep their money without being hassled by annoying fees or bothersome requirements. At First Bank…

Checking Account Offers in South Carolina

If you live in South Carolina and you’re looking for some of the best checking account offers, your local First Bank can help. We offer a variety of checking account options—from basic accounts to…

Fee Free™ Checking Accounts – Florence, SC

First Bank in Florence, SC, has no-fee checking accounts to help you avoid fees, so you can spend your money on things that matter. Since 1935, First Bank has been…

FHA Mortgage Loans – Asheboro NC

Since 1935, First Bank has been a bank dedicated to providing for the community. We offer FHA mortgage loans in Asheboro, NC to help home buyers and refinancers obtain a…

What Are Mobile Merchant Services?

If you own a business, you know how essential technology is to making it run smoothly. You may have even asked the question, “What are mobile merchant services?” Read more…

Personal Loans – Lillington, NC

If you live in Lillington, NC, and are in need of a personal loan to cover expenses, visit your local First Bank. We offer personal loans with flexible terms and highly…

Small Business Loans – Albemarle, NC

If you are thinking about opening a small business in Albemarle, North Carolina, First Bank can provide you with a small business loan to get you started. Albemarle offers lower…

Best Small Business Bank – Florence, SC

Florence, South Carolina boasts one of the best business climates in the southeast. The city of Florence is bustling with shops, restaurants, festivals, farmers markets, and much more. If you’re…