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What is the meaning of ABC Philippines?
AXOS Business Center Philippines
This card allows you to buy things now and pay it back later
Credit Card
Bank that allows you to conduct financial transactions through the Internet.
Online Bank
Type of account helps you manage your day-to-day finances such as paying bills, making debit card transactions and writing checks.
"Bank on high interest rates, rewards, and little to no fees."
Checking Account or Personal Checking
What is Bank?
- A place to keep your money safe
- Lends money to individuals and businesses
- Helps manage payments and transactions
- Offers savings and investment options
- Regulated for safety and reliability
- Support economic activity and growth
(varied responses)
These are loans to help you purchase property such as a house.
Mortgages or Home/Housing Loan
Bank that offers services to individuals, primary key services are loans, debit and credit cards and ATMs.
Retail or Consumer Bank
Safely store your cash while earning interest
"Make your savings go further, faster daily compounding and no fees."
Savings Account or Personal Savings
Ways to bank: Making financial transactions on a mobile device
Mobile Banking
It represents a consumer's creditworthiness
Credit Score
Banks designed for commercial purposes, primary key services are Loans, cash management, credit products, equipment lending, trade finance, commercial real estate, foreign exchange.
Commercial Bank
Minimum Requirement to open a Bank Account
Valid ID, SSS, Minimum opening deposit
Ways to bank: Involves visiting physical bank location to conduct financial transactions
Traditional Branch Banking
Type of loan that allows you to borrow money from a lender and use that money to purchase a car
Auto Loans or Car Loan
Banks that manage investment portfolios, primary key services are Stock trade, securities, and bonds management, corporate finance, merger & acquisition assistance, and asset management. Suitable for Large Corporations and Institutional Investors
Investment Bank
Low-risk way to earn more interest on your savings compared to a regular savings account. Typically come with a fixed term, meaning you cannot withdraw your funds before the maturity date without incurring penalties.
"Get guaranteed returns for terms of 3- to 60-months."
Certificate of Deposits Account
Why should you put your money in a bank? (Give at least 2)
- Safety and Security
- Interest Earnings
- Convenience
- Financial Services
- Record Keeping
- Payment Services
- Build Credit
(Varied Responses)
Money that the bank pays you for keeping your money at their bank
Interest
is a national financial institution that manages a country's currency, money supply, and interest rates.
Central Bank
Offers additional benefits and services compared to a standard account.
"Discover the world of premium banking. 24/7 Access. High interest rates. Expedited service. Eliminated fees. Exclusive rewards. You deserve superior benefits - and we have plenty.
This is VIP banking, evolved."
Premium Account