THE RELEVANCE OF BANKING SERVICES IN THE MODERN ECONOMY

Аннотация

Банковская система играет важную роль в современной экономике, обеспечивая финансовые потребности как частных лиц, так и компаний. Банки предлагают широкий спектр услуг, направленных на управление финансами, накопление средств, получение кредитов и осуществление инвестиций. В этой статье мы рассмотрим основные банковские услуги, их преимущества и недостатки, а также что они значат для клиентови экономикивцелом. Ключевые слова:Банковская система, финансовые потребности, физические лица, компании, деньги, кредиты, инвестиции, счет, интернет-банкинг, мобильные приложения, транзакции, платежи, комиссии, безопасность, двухфакторная аутентификация, шифрование, мошенничество, программы лояльности, финансовые цели, кредиты, управление портфелем, инвестиции, ценные бумаги, валюта, пенсия, налог, экономическийрост,стабильность,ликвидность. Keys:Banking system,Financial needs,Individuals,Companies, Money, Credits, Investments, Account, Internet banking, Mobileapplications, Transactions, Payments, Commissions, Security, Two-factor authentication, Encryption, Fraud, Loyalty programs, Financial goals, Loans, Portfolio management, Investment, Securities, Currency, Pension Tax, Economic growth, Stability, Liquidity. Opening a bank account is the first step to most financial transactions. This process may differ depending on the account type and bank requirements. Before opening an account, the customer should know what type of account he or she needs. The most common types of accounts are: current accounts are for daily financial transactions, savings accounts and separate accounts that allowyou to keep funds in foreign currency. To open apersonal account, theClient must provide a series of documents. Usually it is a passport or other identification document, proof of registration by a government agency, INN, proof of address of residence. Online application often requires filling out a form with personal information and scanning documents. After checking the documents, the Bank will provide the client with a contract for opening and maintaining an account. The contract shouldbecarefully read and signed. Somebanks require an initial fee to open an account. This can be a small amount that the customer deposits into his new account. After all procedures have been completed, the Bank provides the client with account details, a debit card (if any) and access to Internet Banking. After opening an account, the customer must know how to properly maintain the account and how to use it for various page451 INTERNATIONAL JOURNAL OF ARTIFICIAL INTELLIGENCE ISSN:2692-5206,ImpactFactor:12,23 AmericanAcademicpublishers,volume05,issue02,2025 Journal: https://www.academicpublishers.org/journals/index.php/ijai financial transactions. The customer can use it to maintain accounts, make payments and transfers, and also earn income. Internet banking and mobile applications allow customers to manage their accounts online. Customers can operate various transactions, such as transfers to other persons or organizations, payment of utility bills, mobile communications and other services. To do this, you can use online banking, a mobile application or ATMs. Banks provide statement information indicating all transactions for a specific period. The report can be obtained at a bank branch, Internet banking or via a mobile application. Customers are required to observe security measures to protect their accounts. This includes using complex passwords to access internet banking, updating passwords regularly, using two-factor authentication, and being careful with bank cards and PINs. Banks may pay for account maintenance, conducting transactions, issuing and servicing bank cards. Customers should be aware of all tariffs and conditionstoavoid surprise payments. The banking system is truly an essential element of the modern economy and performs many functions contributing to economic growth and stability. Let's dive deeper into this topic and take a look at how banks cater to different categories of customers' financial needs. Banks accept deposits from individuals and businesses, ensure safe deposit of funds, and offer a variety of accounts such as checking accounts. Banks provide loans for a variety of purposes, including consumer loans, mortgages, business loans, and auto loans. This helps stimulate economic activity and support business growth. Banks provide convenient and safe ways of conducting financial transactions, including money transfers, payment processing, credit and debit cards. They also provide internet banking and mobile banking services. Banks help clients manage their investments by providing portfolio management, investment advice, and securities trading services. Banks provide currency exchange services, which is especially important for companies operating internationally and individuals traveling abroad. Banks offer personal finance management, retirement planning, and tax planning advisory services to help clients make informed fina