Premium Essay

Money and Banking

In: Business and Management

Submitted By iramhameed09
Words 645
Pages 3
Assignment
Money and Banking
Student Account, Pay Order, DD

Submitted to: Sir Muhammad Sheikh Owais

Submitted by: Iram Hameed

Roll Number: BBD-07-02

Course: BBA (HONS).

Session: 2007-2011

BBA 6th (Morning),
Bahauddin Zakariya University Multan, Sub Campus, Dera Ghazi Khan.

Date of submission: 28-03-2010

Money and Banking

Walk into any bank in the country and you’ll quickly realize that there are a number of different types of bank accounts for you to choose from. There are bank accounts for single people, bank accounts for married people, and bank accounts for families.
There are business bank accounts and there are even student bank accounts. Most students don’t realize that most banks have student bank accounts available that are a good fit for them, and those that do don’t know what their student bank accounts entitle them to.

What Is A Student Bank Account?

A student bank account is a bank account that’s set up by the bank for students only. This bank account is often designed for college students who have a low influx of money coming in and going out and is usually the best fit because it’s designed for ease of use for college students.
Most of the time a student bank account will come with not only the ability to deposit and withdraw money, but a number of other perks, including a free ATM/Debit card, free checking, and a variety of other plusses.

Requirement for Opening a Student Account

➢ Copy of CNIC of the Student ➢ Copy of CNIC of any Family Member ➢ Student Card Copy ➢ Home Address is Required

Remittances

“A remittance is a transfer of money by a foreign worker to his or her home country.”
OR
“Remittance - a payment of money sent to a person in another place”

Pay Order

A document which instructs a bank to pay a certain sum to a third party. Such orders are normally acknowledged

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