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.
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Prerequisites
No advanced preparation or prerequisites are required for this course.