THE NEW WORLD OF FINANCE, PER TOP BANKING FUTURIST AND KEYNOTE SPEAKER

Spending our days as banking futurists and finance keynote speakers, we’re pleased to observe just how many new financial services, fintechs and solutions are flooding the space as of late. From banks to credit unions and online technology/service providers, there’s no shortage of helpful ways to secure, move or grow your money these days, or so it would seem. Of course, perhaps you’re not familiar with many of the new options. To alleviate some concern here, your favorite banking futurists and finance keynote speakers wanted to share a few of the main services and products typically provided by banks:

• Checking accounts – Accounts that let customers easily deposit funds, pay bills and write checks. May or may not earn interest.
• Savings accounts – Accounts that earn interest on deposited funds, allow easy withdrawals, protect savings. Generally low fees and minimum balance.
• Certificates of deposit (CDs) – Higher interest savings accounts that require deposit be untouched for a set period of time to earn interest. A handy way to build your savings banking futurists and finance keynote speakers say.
• ATM/debit cards – Cards that allow withdrawing cash from ATMs and making purchases by directly deducting from a checking account.
• Credit cards – Cards that let customers borrow funds up to a set limit to make purchases over time with interest.
• Personal loans – Loans issued for personal use, like consolidating debts, home improvements, vacations, etc. Usually fixed term.
• Mortgages – According to banking futurists and finance keynote speakers, long-term loans issued for purchasing real estate, with property as collateral.
• Business loans – Financing for businesses for purposes like operations, expansion, payroll, equipment.
• Wire transfers – Electronic transfer of funds domestically or internationally between bank accounts.
• Safe deposit boxes – Secure individual boxes rented out to store valuables like documents, jewelry etc. inside a bank vault.
• Currency exchange – Ability to convert between different currencies when traveling internationally.
• Financial advising – Advice relating to investment options, retirement planning, estate planning, taxes, and insurance products. Financial planners are popular with banking futurists and finance keynote speakers for good reason.