Two Basic Types of Banking Services

by | Sep 15, 2022 | Financial Services

Individuals and businesses expect a bank to provide financial services designed to meet their needs. Technology increases the diversity of delivery systems for those banking services in Monroe, Louisiana.

Two Types of Banking Services

A bank’s services can be categorized into two basic types:

  1. Individual Banking
  2. Business Banking

At Century Next Bank both are available through different mediums, including online and in person in Monroe, Louisiana. Both are intended to help clients easily manage their financial needs.

Individual Banking Services

The services offered by Century Next Bank to address the individual’s financial needs include:

  • Accounts: Checking and savings accounts are the basic types available to bank clients. Subdivision, specialization or compartmentalization of these accounts is common e. g. vacation savings
  • Debit and Credit Cards: The bank collaborates with clients to provide them with appropriate credit cards and, sometimes, integrates a spending limit and theft warning system
  • Wealth Management and Investment: CNext has specific employees who help clients with personal investments and money management
  • Payment: Century Next Bank offers online bill pay.

Business Banking Services

Business owners must separate personal and business finances. While, like individuals, businesses have checking and saving accounts, and debit/credit cards, other banking services differ. Examples include:

  • Business Loans
  • Merchant Services: These focus on credit card processing and other related aspects

In Monroe, La. both individual and business banking services are available to help keep financial balance.

Do you want a bank with a commitment to its community? Do you want to work with a financial institution that understands local interests and needs? Visit and talk to the devoted professionals at Century Next Bank. Member FDIC and Equal Housing Lender.

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