1. Automated Teller Machine (ATM) Card: These are electronic terminals which enable a customer to transfer business anytime. To withdraw a transfer fund, a card will be inserted and the pin number entered.
2. Western Union: This is a method used to send money online or in-person to friends and family in over 200 countries and territories around the world. Western Union is a quick and reliable way to send and receive money, purchase a money order, or pay bills. It can also be used to sign up for a prepaid card.
3. Money Gram: It makes receiving money transfer easy and convenient through a network in over 200 countries and territories. Money gam app makes it even easier to send money at your fingertips. Money can be paid at your preferred money gram location.
4. Electronic Banking (E-Banking): This is also called electronic fund transfer and it uses computers and electronic technologies as a substitute for cheques and other paper transactions. In short, individuals have twenty-four-hour access to cash through an Automated teller machine or direct deposit into accounts.
5. Computer and the Bank: The banking system is now highly competitive, innovative, and aggressive banking strategies have been introduced due to the use of computers.
Computer is an electronic device that accepts, stores, and processes data into meaningful information. A customer may use his/her computer to view the balance of his account and request for transfer between accounts. He can also pay bills electronically,
6. Cheque: A cheque is an order written by the drawer to a bank to pay on demand a specified sum of money to the person named as payee on the cheque. To complete a cheque, the drawer writes the name of the payee, the amount he is to be paid in words and figures, and the date, and signature.
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