pransfries/llm-hackathon huggingface dataset:
Banking products and services 
Checking account 
 
When you’re thinking about what services banks provide, a checking account  may be 
the first thing you think of. This popular type of account allows you to store and manage 
the money you use for everyday spending. Once set up, you can use a debit card or 
check, which will take money directly from your account, to pay for everything from 
groceries to gas to bills. You can also get cash from an ATM or branch using your debit 
card and PIN, a unique password you choose to protect your account. 
Savings account 
 
A savings account can help you separate the money you want to save from the money 
you need to spend. For many, it’s an easier way to work toward a goal, like saving for 
home improvements or building an emergency fund. Most savings accounts can 
automatically move money from your checking account into your savings account each 
month, so you don’t even have to think about doing it yourself. An added bonus is that 
banks usually pay you interest on savings accounts. That’s free money that may help 
you reach your financial goals a little faster. 
Money market account (MMA) 
 
An MMS is a type of savings account that often pays higher rates of interest than a 
typical savings account. The more you put away, the more you may be able to earn. One 
thing to keep in mind? There may also be limits on how many withdrawals you can make 
each month. 
Certificate of deposit (CD) 
 
A CD is a type of bank account where you agree to keep your money in the account for 
a certain amount of time. The amount of time can vary, but terms often range from as 
little as 6 months to as long as 5 years. 
The longer you save, the greater the return. You can always decide to withdraw your 
money early. However, there’s a penalty for withdrawal before the end of your CD term.  
Debit card 
 
With a debit card, you can pay for everyday expenses with just a swipe (and usually your 
PIN). The money will come straight from your checking account so there’s no need to 
carry cash if you prefer not to. Plus, if your debit card is lost or stolen, you may not be 
responsible for unauthorized transactions if you report it in a timely manner. Lost cash, 
unfortunately, is often lost for good. 
Credit card 
 
A credit card lets you pay for items with a line of credit. In essence, you’re borrowing the 
money and then paying it back when the bill comes. But remember that different credit 
card charge different rates of interest, so it’s important to know what you’re agreeing to 
(so you don’t end up paying too much in the long run). One way to avoid paying interest 
is to pay your bill in full each month. You may also want to watch out for annual fees, 
especially if it’s a card with perks such as airline miles or cash back. Shopping around 
for a credit card with no annual fees is always an option. 
 
https://www.capitalone.com/bank/money-management/banking-basics/banking-products-
and-services/
Banking Products 
The following are the commonly available banking products:  
• 
Savings Accounts  
• 
Current Accounts  
• 
Bank Cards  
• 
Deposit Accounts  
• 
Loans and Overdraft Services  
• 
Online Banking  
A savings bank account is one of the primary banking products a bank offers. You can 
deposit cash in a savings account and gradually grow your corpus. Savings accounts 
are further categorised into different types like Regular, Premium, Children’s, Women’s, 
etc.  
 
Banks also offer current accounts. These are primarily designed for business owners 
and individuals who need to conduct daily, high-value withdrawal and deposit 
transactions.  
The banking products list also includes ATM-cum-debit cards. These cards allow you to 
access funds in your account without visiting the bank. You can use bank cards for PoS 
and online shopping or paying bills. If you are eligible, your bank may also offer you 
credit cards.  
 
Banks allow you to open fixed and recurring deposits. While fixed enable you to earn 
higher interest rates on lump-sum amounts, recurring deposits empower you to deposit 
a fixed amount every month and gradually build a lump sum.  
Banking Services 
As an account holder, you can enjoy the following types of banking services.  
You can borrow money from a bank, pay interest, and repay the loan over a specific 
repayment tenure. Banks typically offer home loans, personal loans, auto loans, etc. 
You can also borrow money if you do not have sufficient funds in your account to pay 
for certain transactions. This service is known as an overdraft.  
 
Banks offer mobile and internet banking services that allow you to access your bank 
account 24x7. You need to sign up for internet banking at the time of  
 
account opening. You can use the facility to transfer funds, pay bills, check account 
balances and statements, etc.  
• 
ATMs & CDMs  
• 
Forex  
• 
Investment Banking  
 
Automated Teller Machines (ATMs) and Cash Deposit Machines (CDMs) are banking 
services that allow you to withdraw and deposit cash, respectively. You can conduct 
these transactions using your ATM-cum-debit card  
 
Several banks also provide forex services. You can get competitive foreign exchange 
rates on converting INR to foreign currencies, especially if you need forex while 
travelling abroad.  
Some banks in India also offer investment banking services. You can open DEMAT 
accounts, trading accounts, and Mutual Fund accounts with these banks. You must 
complete the Know Your Client (KYC) process to enjoy investment banking services.  
Final Note  
As is apparent, you can choose from various types of banking products and services. 
You can conduct all kinds of transactions and approach your financial institution if you 
need funds urgently. Ensure you sign up for mobile and internet banking services to 
enjoy 24x7 access your bank accounts.  
 
https://www.dbs.com/digibank/in/articles/save/banking-products-and-services
ADVISORY 
 
 
 
SAFEGUARD YOUR  
AUTOMATED TELLER MACHINE (ATM) ACCOUNT/CARD  
AND PERSONAL IDENTIFICATION NUMBER (PIN) 
 
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Did you use your ATM account/card to secure a loan? 
Is your ATM card with your creditor? 
Does your creditor know your PIN? 
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Letting others know your ATM account/card  
may lead to financial trouble. 
 
 
Avoid giving or entrusting your ATM account/card and PIN to others because this may 
create more financial trouble.  It would be difficult to monitor the deposits to your account and 
the withdrawals made by the person to whom you have given your ATM card and PIN.  A  
creditor may withdraw more than the amount that you agreed upon to pay your debt.  
Understand very well the terms and conditions of your loan agreement.  For your loan 
requirements, inquire directly from banks that offer microfinance loans or other small loan 
facilities.  
 
BE CAUTIOUS! 
 
DO NOT BE A VICTIM OF YOUR OWN NEGLIGENCE! 
 
FOR FURTHER CLARIFICATION, PLEASE CONTACT: 
 
FINANCIAL CONSUMER AFFAIRS GROUP 
Supervision and Examination Sector 
BANGKO SENTRAL NG PILIPINAS 
5th Floor, Multi-Storey Building, BSP Complex 
A. Mabini St., Malate, Manila 
E-mail address: consumeraffairs@bsp.gov.ph 
Tel. Nos.: Direct Line: (+632)523-3631• Trunkline (+632)524-7011 local 2584