Before the invention of money, people were used to exchange goods and services or both. The system was called barter where the direct exchange of goods and services was possible through market mechanism. The modern 
invention of trade is money where one person buys, the other sells and earns money. The two types of trades are bilateral, involving two traders and multilateral, involving more than two traders.
The trade of money was later modernized with the introduction of banks, first of its kind was founded in Italy in Genoa in 1406. A banking system activity is to work as a payment agent where people can borrow or lend money.
Today’s banking system is not only receiving, keeping or lending money but much more. You have the convenience to operate your bank account online sitting back at home, send or receive money through telephone banking, buying things online through credit card or visit any ATM machine to withdraw cash from your account.
We now have many channels to access the bank services. A few banking channels are;
Branch: It is a financial center and main activity point where customers come to deposit or withdraw money, ask for any information, report complaints or open any bank account etc. continue reading…