8 Benefits Presence bank at peoples in expediting daily personal activities, as well as during social activities in society, banks always take a role. As for the benefits of this role, the authors successfully summarize with the following reviews:
1. A safe place to store;
Classic and the main. A bank is a safe depository, be it for money or securities belonging to the public. For those who like to keep money under the pillow, and don’t have a safe at home, it is highly recommended to keep it in a bank, to make it more secure from theft.
In addition, the restlessness to leave the house disappeared, because all wealth had moved to the bank.
2. “Springs” of financing for entrepreneurs;
For people who work as entrepreneurs, when they are experiencing a lack of funding sources, they will definitely look for “springs” to re-wet their capital. Bank, one alternative. Yes, there are many credit financing facilities offered by banks, so that entrepreneurs, especially Micro, Small, and Medium Enterprises (MSMEs), can continue to survive in running their businesses.
3. A place to exchange money;
When the holiday arrives, many people are getting ready to go home to celebrate with their extended family in the village. Well, since many family members are still relatively young and small children, and it is not time for them to receive large nominal amounts of money, this encourages them, travelers to come to the bank in droves.
They will exchange their large number of bills with new bills with smaller numbers. Yes, children really like the new money, even though the value is not big.
4. Practicality in financial transactions;
Recently, banking products in the form of mobile banking applications have been widely used by customers. This is because the application that prioritizes the “just a click” feature makes it very easy for people to make financial transactions. Starting from paying electricity bills, water bills, telephone bills, and others, everything is easy to do.
For inter-bank transfer transactions, people also do not need to bother walking to the Automated Teller Machine. Just click on the application, the transaction is finished. Moreover, for people who like to shop online, this really helps speed up the process of purchasing goods.
5. Sources of acceptance for the community;
The bank not only accepts the money saved by the public, but the bank also provides money to the public as a source of their income. A bank as a limited company should provide added value for its shareholders.
For people who invest by buying banking shares on the stock exchange, when the end of the financial year ends and usually after the general meeting of shareholders, they will receive investment returns from the bank. This is the dividend, which has been decided at the meeting and will certainly increase their coffers.
This does not include deposit interest and deposit interest, which are periodically given by banks to those who have saved.
6. Attractive jobs;
A plan to open a new bank branch in an area will certainly be followed by the opening of job vacancies to become an employee at the bank. University graduates in various fields, especially those related to economics, of course immediately rushed to track this information.
Not to mention the potential recruitment for security personnel and cleaning personnel, which is very attractive and in demand by people who are not from college graduates, but only secondary level schools.
7. Triggers for community small businesses;
The presence of a bank in an area will trigger economic activity in that area. Many small stalls can be seen standing near the bank, such as food stalls, grocery stalls, and others. They know that the large crowds that come to the bank are potential customer service who are able to provide money for them.
8. Gathering event;
Friendships have a huge potential to be formed in the bank. This place is full of crowds of people, while waiting in line to be called by a teller or customer service, the people who queue up mostly spend their time chatting with each other. Yes, this is to numb the boredom that is created by waiting.
When conversations on hot topics are intertwined, it’s no wonder that many have made friends since their meeting at this bank. Particularly for bank retirees, where they have contributed to the advancement of the bank, the bank is one of the effective places to extend hospitality, and the hall is often used as a location for artisan meetings for retirees.
So, don’t ever hesitate to use financial products from banking, because they have proven many benefits.
The definition of a bank has been known as a place to store money. There is also a people’s credit bank which is known to the village community as an institution that provides credit to traders and farmers. Then, what is the definition of a bank according to laws and experts?
The bank is a business entity that collects funds from the public in the form of savings and distributes it to the public in the form of credit / or other forms in the context of improving the standard of living of the people at large. The definition of a bank is according to Law Number 10 of 1998 concerning Amendments to Law Number 7 of 1992.
Apart from being according to law, there are also experts who convey the definition of a bank. A bank is a type of financial institution that carries out various services, such as providing loans, circulating currency, controlling the currency, acting as a storage area for valuable objects, financing company businesses, and so on. This opinion was conveyed by A. Abdurrahman in the book Encyclopedia of Finance and Trade Economics.
Meanwhile, the definition of a commercial bank is a bank that carries out business activities conventionally and/or based on sharia principles which in its activities provides services in payment traffic.
In the US, banknotes and coins are generally accepted currency, the printing, and circulation of which is under the authority of Bank Indonesia. In carrying out its main tasks in the circulation of money, Bank USA should always strive to ensure that money issued and circulated has sufficient characteristics and security elements so that on the one hand it is easily recognized by the public, but on the other hand, it can protect money from counterfeiting.
Definition and Function of Commercial Banks
Commercial banks in the community are a place to store and withdraw money. On another occasion, the bank became a place to exchange foreign currency for Rupiah. However, there are many functions of a bank.
The function of a commercial bank, among others, is to provide public fund storage facilities in the form of demand deposits, savings, and time deposits and can be used by the public to meet various needs.
In addition, banks were able to create demand deposits and quasi money through the multiplication process in money deposits, which were mostly received from the public to be conveyed back to the public.
In addition, the bank is tasked with preparing a payment mechanism or fund transfer that can minimize costs and constraints and provide loans with great benefits for increasing production, expanding investment, and raising living standards.