Bing Community Bank Case Study
Master of Science in Information Management – Project Management
Natasha Bing
BA599 Capstone Project
Dr. Joni Scott
Grantham University
Week 4
August 23, 2016 13. Products/Other Services
Safe Deposit Box Bing Community Bank and Trust want to ensure that our customers have all of their valuables and documents in a safe and secure location. Our safe boxes will come in three different sizes to include small, medium and large. Fees assessed with these particular boxes will range from $20.00 to $80.00 of which some discounts may be applied to the account.
Incoming/Outgoing Wires Bing Community Bank and Trust will ensure our customers a much faster and ultimately safer way to send money to locations whether it be …show more content…
state to state or international. Additionally, all outgoing/incoming wires will have a charge of $10.00; whereas, International Wires will have a charge of $20.00
Money Orders/Official Checks For all Bing Community Bank and Trust customers money orders will be free of no charge whereas for non-customers there will be a fee of $2.00. Official checks will also be free of charge for our customers; whereas, for non-customers there will be a fee of $5.00 for every amount over $5000 with a maximum charge of being $15.00.
Notary
Bing Community Bank and Trust will only offer notary services for customers’ only. For those documents that need to be notarized as it pertains to court cases a lawyer and witness will need to be present.
13.1 Checking/Savings Bing Community Bank and Trust will provide assistance to prospective customers’ in choosing the kind of checking account that will potentially build their finances as well as meet their specific needs.
We will provide appropriate choices and benefits for a wide variety of checking accounts such as Personal Checking account, Student Checking account, 65 and older Checking account, Interest Bearing Checking account, High Value Checking account and Money Market Checking accounts. Some choices and benefits include, but are not limited to: not have to pay a monthly maintenance fee if a balance is considered to be low, debit card at no additional cost, and mobile/online banking with bill payment option. All Bing Community Bank and Trust checking accounts will be offered with unlimited check writing, free money orders and free cashier’s checks. We will also provide two types of savings accounts for our prospective customers which include the Interest Savings and Teen Savings …show more content…
account.
13.2 Credit Card/Loans and Lines Our credit cards will be suitable for a wide variety of financial needs to ensure that we are taking care of the customer financially.
In that variety there will be options to choose just your standard credit card (able to earn cash back on gas, groceries and every day purchases), Bing Black card (just like cash, but better), Prepaid card (terms and conditions may apply), and our Gift Card (Prospective customer decides the amount of funds to be loaded to the card). With Bing Community Bank and Trust our loans and line will assist in helping our customers achieve their ultimate overall goal of potentially being debt free. We will offer a variety of rate and payment options that will benefit our customers’ personal needs and financial state. For example, we will provide the following options:
• Fixed or variable
rates
• Loans
• Debt consolidation, vacation, auto and more
• Secured and unsecured loans
• Monthly or annual payment options
13.3 Insurance Bing Community Bank and Trust will provide a variety of insurance options to include:
Homeowners Insurance, Auto Insurance, Vehicle Insurance, Life Insurance and Renters Insurance. We want to ensure that our customers have the right insurance that suits them.
13.4 Mortgage Our dedication to being effective in our communities is will be established by offering financing for our customers' households. Whether our customers are in the market for purchasing their first home, starting a project to build their own home or just adding some value into their existing home, Bing Community Bank and Trust will provide them options of which include:
• Fixed and Variable rates.
• Secured home or mortgage.
• Terms and payments suitable for the customers’ needs
Natasha Bing
BA599 Capstone Project
Dr. Joni Scott
Grantham University
Week 4
August 23, 2016 13. Products/Other Services
Safe Deposit Box Bing Community Bank and Trust want to ensure that our customers have all of their valuables and documents in a safe and secure location. Our safe boxes will come in three different sizes to include small, medium and large. Fees assessed with these particular boxes will range from $20.00 to $80.00 of which some discounts may be applied to the account.
Incoming/Outgoing Wires Bing Community Bank and Trust will ensure our customers a much faster and ultimately safer way to send money to locations whether it be …show more content…
state to state or international. Additionally, all outgoing/incoming wires will have a charge of $10.00; whereas, International Wires will have a charge of $20.00
Money Orders/Official Checks For all Bing Community Bank and Trust customers money orders will be free of no charge whereas for non-customers there will be a fee of $2.00. Official checks will also be free of charge for our customers; whereas, for non-customers there will be a fee of $5.00 for every amount over $5000 with a maximum charge of being $15.00.
Notary
Bing Community Bank and Trust will only offer notary services for customers’ only. For those documents that need to be notarized as it pertains to court cases a lawyer and witness will need to be present.
13.1 Checking/Savings Bing Community Bank and Trust will provide assistance to prospective customers’ in choosing the kind of checking account that will potentially build their finances as well as meet their specific needs.
We will provide appropriate choices and benefits for a wide variety of checking accounts such as Personal Checking account, Student Checking account, 65 and older Checking account, Interest Bearing Checking account, High Value Checking account and Money Market Checking accounts. Some choices and benefits include, but are not limited to: not have to pay a monthly maintenance fee if a balance is considered to be low, debit card at no additional cost, and mobile/online banking with bill payment option. All Bing Community Bank and Trust checking accounts will be offered with unlimited check writing, free money orders and free cashier’s checks. We will also provide two types of savings accounts for our prospective customers which include the Interest Savings and Teen Savings …show more content…
account.
13.2 Credit Card/Loans and Lines Our credit cards will be suitable for a wide variety of financial needs to ensure that we are taking care of the customer financially.
In that variety there will be options to choose just your standard credit card (able to earn cash back on gas, groceries and every day purchases), Bing Black card (just like cash, but better), Prepaid card (terms and conditions may apply), and our Gift Card (Prospective customer decides the amount of funds to be loaded to the card). With Bing Community Bank and Trust our loans and line will assist in helping our customers achieve their ultimate overall goal of potentially being debt free. We will offer a variety of rate and payment options that will benefit our customers’ personal needs and financial state. For example, we will provide the following options:
• Fixed or variable
rates
• Loans
• Debt consolidation, vacation, auto and more
• Secured and unsecured loans
• Monthly or annual payment options
13.3 Insurance Bing Community Bank and Trust will provide a variety of insurance options to include:
Homeowners Insurance, Auto Insurance, Vehicle Insurance, Life Insurance and Renters Insurance. We want to ensure that our customers have the right insurance that suits them.
13.4 Mortgage Our dedication to being effective in our communities is will be established by offering financing for our customers' households. Whether our customers are in the market for purchasing their first home, starting a project to build their own home or just adding some value into their existing home, Bing Community Bank and Trust will provide them options of which include:
• Fixed and Variable rates.
• Secured home or mortgage.
• Terms and payments suitable for the customers’ needs