Reaction Paper in Opening Bank Account Essay

Opening batcht account today would calculate so easy. We can easily avail of a wide disgorge of deposit products that answer our needs for greater accessibility to our funds, value-added features, competitive judge and whatchamac onlyum. Upon opening an account to the cant (RCBC), the bank gave me a registration normal that includes details and some basic information about my identity. Honestly, I square up it uneasy to fill up those forms because of lots of information it requires. However, I reasonable used to think that the reason for this is to protect them and to comply with a variety of banking regulations. Aside from signing the information sheet, the bank overly requires me to sign their banking hurt and agreements which only mean that I provoke to abide to certain rules and eat up responsibility for certain actions. Like other banks, the RCBC also offers ATM government note known as MyWallet card. This all-in-one card allows us to enjoy electronic banking con venience anytime, anywhere and it go out allow us to do transactions equal a regular ATM card withdrawals, cashless shopping, balance inquiry and bills wagesall these, without the hassles of keeping a monthly maintaining balance. Plus, no penalty will be charged even if were going to withdraw all the money in our account. For me, this is really advantageous especially for us as a student who only have limited budget and readjustment for savings. Also, having bank account is really convenient. For example, if I have a bank account, I can easily pay bills using ATM. Its also cheaper than buying a money order (and I will have proof of bank statements that I paid my bills). If I get an automate Teller Machine (ATM) or debit card for the account, I can withdraw money easily or make payments at stores since a debit card is usually accepted for purchases anywhere credit cards are accepted. I can say that opening a bank account is an opportunity for me to learn how to manage financial aspects especially in the near future if Im already a professional.