Transactional banking: Difference between revisions
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Under a transactional banking approach, a corporate will select the best bank, or number of banks, for a particular transaction. | 1. ''Bank relationship management.'' | ||
Under a transactional banking approach, a corporate customer will select the best bank, or number of banks, for a particular transaction. | |||
2. | |||
'Transactional banking' also refers to the particular banking transactions themselves, additional to core funds transfer and borrowings. | |||
:<span style="color:#4B0082">'''''Understand your banks' business model'''''</span> | |||
:"Make sure that you know not only your own business, but your banks' business very well... | |||
:You need to understand the banks' costs of funding. | |||
:Transactional banking forms a key part of ancillary business, so if you remove it from a bank, you could place pressure on other banking products you use, such as your revolving credit facility." | |||
:''The Treasurer magazine, Cash Management Edition April 2019 p18, Joanna Bonnett, group treasurer at Page Group.'' | |||
==See also== | ==See also== | ||
* [[Ancillary business]] | |||
* [[Business model]] | |||
* [[Relationship banking]] | * [[Relationship banking]] | ||
* [[Revolving credit facility]] | |||
Revision as of 07:02, 15 April 2019
1. Bank relationship management.
Under a transactional banking approach, a corporate customer will select the best bank, or number of banks, for a particular transaction.
2.
'Transactional banking' also refers to the particular banking transactions themselves, additional to core funds transfer and borrowings.
- Understand your banks' business model
- "Make sure that you know not only your own business, but your banks' business very well...
- You need to understand the banks' costs of funding.
- Transactional banking forms a key part of ancillary business, so if you remove it from a bank, you could place pressure on other banking products you use, such as your revolving credit facility."
- The Treasurer magazine, Cash Management Edition April 2019 p18, Joanna Bonnett, group treasurer at Page Group.
