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BANKING TUTORIAL

Some banks and other financial institutions will offer additional specialized services, such as:

  • Investment Services - Services including investment advice and brokerage services
    • Remember that investment services and products are not insured by the FDIC or any other federal government agency, are not deposits of or guaranteed by financial institutions, and may lose value.
  • Insurance
  • Trust Services - Services related to managing various kinds of trusts, wills, legal documents, and estates
  • Youth Accounts - Accounts set up specifically for individuals ages under 17
  • Travelers Cheques (or Travelers Checks) - Checks purchased from a financial institution to use as a substitute for cash while traveling. They're considered safer than cash while traveling because they can be replaced if lost or stolen. Generally preprinted for a fixed amount.
  • Safe Deposit Boxes - Individual safes located within financial institutions that consumers may rent for personal use
  • Certified Checks - Checks for which a bank confirms that there are sufficient funds in the customer's account to cover them. When a certified check is written, the bank reserves the necessary funds in the customer's account, thus ensuring that the check will not bounce.
  • Cashiers Checks - Checks issued by a bank on its own account, which ensures that the checks will not bounce.
  • Notary Services - Services to notarize legal documents


 
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