This free online course explores the services offered by retail banks to private consumers and discusses banking ethics. Retail banking is a crucial service that ensures that banking services such as security, credit and financial empowerment can reach the consumer. This course examines the various categories of retail banks and the services they offer. We establish the importance of having a bank account and explain how to open one. We then discuss some basic banking mathematics, fraud handling techniques and the role of risk management in the banking sector.
| College | Alison |
| Course ID | 192292 |
| Course Type | Online Learning |
| Course Qualification | CPD Certificate |
| Course Duration | 1.5-3 hours |
| Course Fee | Free |
| Entry Requirements | Like all courses on the Alison Free Learning platform this is a free, CPD-accredited course. A Graduate can choose to buy a certificate or diploma upon successful completion of a course, but this is not required or necessary. At Alison we believe that free education, more than anything, has the power to break through boundaries and transform lives. Alison is the world’s largest free online empowerment platform for education and skills training, offering over 5000 CPD accredited courses and a range of impactful career development tools. It is a for-profit social enterprise dedicated to making it possible for anyone, to study anything, anywhere, at any time, for free online, at any subject level. Through our mission, we are a catalyst for positive social change, creating opportunity, prosperity, and equality for everyone. |
| Career Path | In This Free Course, You Will Learn How To • Distinguish between the static and dynamic functions of money • List the activities of a bank and the various types of banking services • Explain FinTech and its impact on the banking industry • Outline various types of banking and banks • Identify the major responsibilities of a bank teller • Discuss the importance of following the proper procedures while opening a bank account • Recognise the investment portfolio of a financial institution • List the advantages and disadvantages of different types of banking payment methods • Evaluate the precautions and steps that must be taken to fight fraud • Discuss theories of financial intermediation • Distinguish between traditional and modern banking • Discuss the mathematics that bank tellers need to perform their tasks |
| Course Code | 1241 |

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