ABSTRACT
The operating bank
account problem and solution is aimed at determine the various problems banks
are accounting in operating their account. The central concern of this work is
to study these problem banks uncounted in operating their customer account in
the bank and proffer solution to checkmate them.
In the process of trying to find out these issues, other works were reviewed in
addition to the fieldwork and interviews, which were carried out. Through the
oral interview to the various operator of banks.
The oral interview were administered to find out the following facts
·
Whether there is any
alterative on the requirement bank demands before opening account for their
customer
·
Whether phone banking
were apply in banking system for time safe
·
Whether overdraft should
be given to the customer of the bank
·
Whether the service
rendered by bank is encourageable by their customers
·
Information were
collected, presented, and analyzed
From the analysis of the
data, the major findings were:
That the customer of the
bank prefer to operating saving account in the bank than current account.
TABLE OF CONTENTS
CHAPTER ONE
Introduction
1.1
Statement of problem and purpose of the study
1.2
Rational of the study
1.3
Significance of the study
1.4
Definition of terms
CHAPTER TWO
2.1
Literature review
2.2
Origin of money and bank
2.3
Commercial banking in Nigeria
2.4
Opening bank account
CHAPTER THREE
3.1
Methodology of study
3.2
Method of data analysis
3.3
Source of data
3.4
Limitation of the study
3.5
Location of data
CHAPTER FOUR
4.1
Data presentation
4.2
Data analysis
4.3
Discussion of the result of analysis
CHAPTER FIVE
5.1
Summary of the work
5.1
Conclusion
5.2
Recommendation
5.3
Areas of further research
Bibliography
CHAPTER ONE
INTRODUCTION
1.1 STATEMENT
OF PROBLEM AND PURPOSE OF THE STUDY
Several problems are
encounter by individual while operating bank account this project will study
these problems and proffer solution to checkmate them.
It includes such practices as fraudulent activities and mismanagement by bank
officials, poor, liquidity and unavailability of adequate credits to describing
customers.
1.2 RATIONALE
OF THE STUDY
People have often been
expressing their dissatisfaction over the hindrance they encounter while
operating bank account. Such as time wastage, inefficiency and unreliability
high interest rate etc. on a personal experience I had encounter a situation
where the requirement for opening an account where too numerous and irrelevant.
However bank also have their own problem they encounter in meeting up the
demand for the service they promise to render to their customer due to a number
of reason such as poor liquidity, bad debt, capitalization reserve etc. in this
regard, it interested me to look at these problems encounter by both parties
(banks and customer). The cause and how they can be reduce or eradicated.
1.3 SIGNIFICANCE
OF THE STUDY
The study in this
project will benefit the bank and customer, because it will proffer solution to
the problems banks and their customer encountering in operation. Some of these
include poor liquidity in operating the customers account, and loan issued to
their customer which often turn to bad debt, that is debt that bank cannot
recover from their customer.
1.4 DEFINITION
OF TERMS
Operating bank account
Is the services offered
by bank to the customer
Overdraft
It is when the bank
allowed the customer to over withdraw more than what he have in account.
Dormant account
It is account that has
not been operated by the customer for a considerable length of time ranging
from three month to two years depending on the policy of the bank where the
account is kept.
Loan
Is a financial facility
granted by a bank which is intended to be applied for financing of a specific
purpose?
Current account
Is a running or active
account on which cheques or orders to pay are drawn with out notice to which
credit are paid.
Saving account
Is one which earns
interest on monthly basis
Fixed deposit account
Is one which provide
that the amount of such deposit is payable on certain data or at the expiration
of a specified period of time.
Department | Banking and Finance |
Project ID Code | BFN0045 |
Chapters | 5 Chapters |
No of Pages | 33 pages |
Reference | YES |
Format | Microsoft Word |
Price | ₦4000, $15 |
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Contact Us On | +2347043069458 |