Companies look to banks to provide critical payment services, precious loan funds, and income on liquid cash. They are a key partner for cash management and capital expenditure funding.

This course first looks at common business deposit and loan products, as well as services banks provide to companies. We'll explore deposit protection, payment risk management, and loan risk management. You'll get tips on how to reduce bank fees and increase interest income, as well as how to get the best loan pricing you can.

This course also provides an overview of some of the key players in the banking system. It also discusses deposit insurance, which is something few people think about until bank failures hit the news. You'll learn options for monitoring the health of your bank.

Course Key Concepts: Cash management, Bank, Credit Union, Payments, Merchant services, Investments, Deposits, Loans.

Note: This course is also available in Text-based format. https://www.illumeo.com/courses/business-banking-text-based-course

Learning Objectives
  • Recognize and recall common products and services banks provide for businesses.
  • Recognize ways to reduce risk when using banking products and services.
  • Identify methods of increasing income or reducing fees when using banking products and services.
Last updated/reviewed: Aug 07, 2024
2 Reviews (14 ratings)

Reviews

5
Member's Profile
Fast-paced, informative, and interesting. Good amount of information in a relatively short course.

4
Anonymous Author
This is helpful and practical content. Thank for this great course.

Prerequisites
Course Complexity: Foundational
No advanced preparation or prerequisites are required for this course.
Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
Course Syllabus
INTRODUCTION AND OVERVIEW
  Welcome and Overview1:58
BUSINESS BANKING PRODUCTS AND SERVICES
  The Banking System14:32
  Deposits10:00
  Loans12:26
  Services12:02
  REVIEW QUESTIONS: Servicesquiz
REDUCE RISK, INCREASE INCOME AND REDUCE COSTS
  Deposit Protection11:44
  Payment Protection6:26
  Loan Risk Mitigation5:54
  More Income and Less Fees9:16
  Key Takeaways10:42
  REVIEW QUESTIONS: Key Takeawaysquiz
CONTINUOUS PLAY
  Business Banking1:35:00
SUPPORTING MATERIAL
  Slides: Business BankingPDF
  Business Banking GlossaryPDF
  Resources for Monitoring Your Bank's HealthPDF
REVIEW AND TEST
 FINAL EXAMexam