Review on Standard Chartered by Tim Jones
Lovely collateral motive
Standard Chartered bank is a leading financial institution in the world with a long history of providing customers with banking solutions that suit their needs. It is one of the six members of the Financial Service Authority (FSA). The Standard Chartered Bank has various products such as personal and business loans, overdrafts, credit cards, business cash advances and market finance products. It also offers several investment products and has branches in Australia, Canada, China, France, Germany, Ireland, Italy, Japan, Netherlands, Poland, Russia, Sweden and the United Kingdom.
The company is also famous for its commitment to safe and flexible banking products, competitive rates, high quality of service and innovation. The company operates a global network of over 1,100 branches and outlets and employs around87,000 people worldwide. As per Wikipedia, Standard Chartered is one of the six largest banks in the world, with total assets exceeding $rucklief. It has been serving customers in over sixty countries across Europe, Asia, Latin America. It is the largest commercial bank in the UK and one of the largest in the world.
For people who do not have a checking account and do not want to use an overdraft facility, you can open a savings account with the bank. This option has been especially helpful for customers who do not have any savings account. If you do open an account, you will get low-interest savings accounts and some of the financial institutions give free checks.
You can also avail a business line of credit that can be used for almost any business purpose. The amount that you can borrow will depend upon your business needs. Other financial services provided by the Standard Chartered Bank include commercial loan provisions, investment in residential property, establishment of new businesses, and the provision of financial products like credit cards and business cheques. The business line of credit is also useful if you are looking to expand your business. You will be able to borrow more money than you normally would.
The Standard Chartered Bank offers several kinds of savings accounts. Individual savings account can be opened with the bank that has its branches in your area. Business savings account can be opened at your local branch. A self-directed account allows the account holder to direct how the money is spent. An entrepreneur saving account is designed for small business owners and provides the necessary funds to manage the business.
The most convenient way to access your money is to open a banking account at the bank where you transact all your financial transactions. This way, you can save time and money. Moreover, if you have difficulty opening an account at another financial institution, you can apply online and wait to receive your deposit. Alternatively, the bank may offer a personal service which includes telephone, in-house mailing, and information about local banks near you.
Pros
- Jumbo assembling
- Considerable escrow funds occasion
Cons
- Petrifying payoff idea
