Preview

commonwealth bank

Satisfactory Essays
Open Document
Open Document
548 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
commonwealth bank
The topic of this essay will be on “Service, both poor and outstanding, has a strong emotional impact upon us as customers, creating intense feelings about the organisation, its staff and its services, and influencing our loyalty to it.”
(Wirtz & Johnston, 2003, p.10)

In relevance to the above quote, a RATER audit has been conducted on the customer service of the Commonwealth bank of Australia. The Commonwealth bank is the largest bank in Australia and has a leading customer base, so new or expert naive customers have a high expectation.

Opening a new account can be a good example on how the commonwealth customer service works. Upon entrance to a commonwealth branch a service assistant is there to direct customers to where they need to wait before being assisted with the service they require. At times a branch can be busy and may cause frustration, especially for new customers who are unsure of how the system works, but a service assistant will give them individual attention as soon as possible. A sense of reliability is given to customers at this stage.

A sense of assurance is also given to customers when an employee has some knowledge in other fields other than their own. This shows that it is a serious business with trained employees to satisfy customer needs. Trust from a customer is a key factor when it comes to assurance. With individual help, the service staff provide one on one feedback and information with customers so they're feeling safe with where their money is kept.

Commonwealth bank provides a high level of tangible service. They provide online information and help making it more convenient for customers. for example: site maintained and up to date which shows that the business cares about reaching out to its customers and providing quality service, internet/ phone banking to make transactions more efficient and easy as opposed to going into a branch each time, adequate promotions that suit current trends and needs of existing

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Hoyts Cover Leter

    • 299 Words
    • 2 Pages

    Achieving excellence in customer service and connecting well with clients has always been of high importance throughout my work experience. I consider it necessary to build up a good rapport with all customers so that they enjoy their experience and have a desire to return. I hope to have the opportunity to prove that I am able to perform not only my set duties but to branch out, using initiative and flexibility in other tasks. I endeavour to understand exactly what clients’ need and promote as much as is necessary without being overbearing.…

    • 299 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Commonwealth Bank has a strong presence in Australian financial services industry and has the largest customer base of any Australian bank. Commonwealth bank is the main financial institution for more than 33% of Australians who are 14 years of age or above. It provides products and services to every day Australians, corporations, government entities and other major institutions operating in Australasia. Commonwealth Bank have businesses globally in New Zealand, Europe and the Asia-Pacific region. As of January 2008 Commonwealth bank is the second largest Australian listed company on the Australian Securities Exchange.…

    • 3111 Words
    • 13 Pages
    Better Essays
  • Powerful Essays

    Mr Wu

    • 58146 Words
    • 233 Pages

    Australia and New Zealand Banking Group Limited: 324 Queen St Brisbane QLD 4000 Bank of America Merrill Lynch: Level 38, Governor Phillip Tower 1 Farrer Place Sydney NSW 2000 Commonwealth Bank of Australia: 240 Queen St Brisbane QLD 4000 HSBC Bank Australia Limited: 300 Queen St Brisbane QLD 4000 National Australia Bank Limited: 100 Creek Street Brisbane QLD 4000 Société Générale: RESO/CLT/ENT, TOUR GRANITE 17 Cours VALMY, 75886 PARIS Cedex 18 FRANCE Westpac Banking Corporation: 260 Queen St Brisbane QLD 4000…

    • 58146 Words
    • 233 Pages
    Powerful Essays
  • Powerful Essays

    Hsa 505 Assignment 3

    • 2334 Words
    • 10 Pages

    Zeithaml, V.A., Parasuraman, A., and Berry L.L., 1990, Delivering Quality Service: Balancing Customer Perceptions and Expectations, The Free Press, New York…

    • 2334 Words
    • 10 Pages
    Powerful Essays
  • Best Essays

    Credit Risk Analysis of Cba

    • 3717 Words
    • 15 Pages

    Operating in the ever challenging banking industry in Australia, Commonwealth Bank of Australia (CBA) aims to succeed through focusing on 5 main strategic areas:…

    • 3717 Words
    • 15 Pages
    Best Essays
  • Powerful Essays

    The Commonwealth Bank of Australia (CBA) supports sector with their following industries such as banking, financial and investment service. Founded in1911 as a government bank, received the first guarantees of the federal government. The first bank branch was opened in Meloburne-July 1912. In 1913 there were already branches in all six states. In 1916, its headquarters is moved to Sydney. Area served to the NZ, Indonesia, Vietnam, UK, USA, China, and Hong Hong, Singapore. In the years 1991-1996 the bank is privatized. However, although it is already a public company, its name does not end with "Limited”. Since 12 September 1991 in the Australian stock exchange. The bank is known in the marketplace for its better client services. In 2003, the bank received NSW Australian Tele services Centre of the Year Award (About us 2008). In 2008 CBA buy BankWest by 2.1 billion $…

    • 1210 Words
    • 5 Pages
    Powerful Essays
  • Satisfactory Essays

    Bibc Swot Analysis

    • 164 Words
    • 1 Page

    CIBC is a globally-renowned Canadian-based financial institution. It was named the fifth strongest bank in the world, and it is also acknowledged for its corporate social responsibility practices[ ]. CIBC develops its services through three main businesses: Retail and Business Banking, Wealth Management and Capital Markets[ ]. This includes payfirma and global payments under merchant services, retirement planning services, international services such as correspondent banking and so on [ ]. As the fifth largest Canadian chartered bank in regards to market capitalization, CIBC has 44,000 employees that will offer a wide range of financial services to a large variety of clients, ranging from individual to institutional clients around the world[ ].…

    • 164 Words
    • 1 Page
    Satisfactory Essays
  • Powerful Essays

    BFF5050

    • 4806 Words
    • 16 Pages

    Westpac as the oldest financial institution in Australia operate their business widely. The company expands their core markets of Australia, New Zealand and Pacific around them, where provide a wide range of products and services that meet the needs of customers. Until now, the number of customer members arrived at 12 million customers. It is clear that Westpac would increase the position in financial market.…

    • 4806 Words
    • 16 Pages
    Powerful Essays
  • Best Essays

    This business report aims to investigate the market share held by the 4 major banks in the Australian banking industry, and the competition that exists within the banking industry.…

    • 3446 Words
    • 14 Pages
    Best Essays
  • Powerful Essays

    Australia’s Banking Industry

    • 31549 Words
    • 127 Pages

    Date: May 2011 Disclaimer This publication has been prepared as a general overview of the Banking Industry in Australia and does not constitute and is not intended to constitute financial product advice as defined under the Corporations Act 2001 (Cwth). Nothing in this document should be construed as a recommendation or statement of opinion intended to influence a person in making an investment decision. The information is made available on the strict understanding that the Australian Trade Commission (Austrade) is not providing professional advice. While all care has been taken in the preparation of this publication, Austrade expressly denies liability for any loss or damage of any nature (including but not limited to any errors or omissions) arising out of or connected with reliance on the contents of this publication. Any person relying on this publication does so entirely at their own risk. Austrade strongly recommends that the reader obtain independent professional advice prior to making any investment decision. Austrade’s role in the promotion of Australian trade includes facilitating engagement by Australian financial services exporters in markets outside Australia. Austrade is not a promoter of any financial services products or investments and does not provide investment advice. Austrade assumes no responsibility however so arising for any company, product or service mentioned in this document, nor for any materials provided in relation to such products, nor for any act or omission of any business connected with such products. Investors should always make their own enquiries as to whether an investment is appropriate for their needs and should consult an independent and licensed advisor.…

    • 31549 Words
    • 127 Pages
    Powerful Essays
  • Better Essays

    1. Will the BSC program at First Commonwealth provide Board members with the information they need to fulfill their governance responsibilities?…

    • 2096 Words
    • 9 Pages
    Better Essays
  • Good Essays

    Members of the Regional ABC Credit union/bank Systems Division support staff are required to abide by all the items outlined in the Acceptable Use Statement of Regional ABC Credit union/bank Systems Division Computing Resources. In addition to being the guardians/supporters of the Regional ABC Credit union/bank resources, members of the Regional ABC Credit union/bank support staff also serve as examples of professionalism for the rest of the Regional ABC Credit union/bank user community.…

    • 1260 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Customers are satisfied when hey meet the service they expect. all organisations want to delight their customers by exceeding their…

    • 805 Words
    • 4 Pages
    Good Essays
  • Good Essays

    What does “customer service” mean? According to Melvin Richardson’s article “What does customer service mean?”, Customer service means: listening to your customers, satisfying every want and need, taking ownership of the customer’s account, showing appreciation, smiling and following up with each and every customer. These are all simple tasks to complete individually but they become more complicated to fulfill when they are all lumped together and expected to be shown all the time. Is it possible? Yes, yes it is!!…

    • 942 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Oberoi Hotel

    • 3155 Words
    • 13 Pages

    services are focused on making the customer comfortable, creating memorable interaction in the minds of the customers and making them feel better, satisfied than they were before the…

    • 3155 Words
    • 13 Pages
    Powerful Essays