Conventional Banking is essentially based on the debtor-creditor relationship between the depositors and the Bank on one hand, and between the borrowers and the bank on the other. AUB’s Interest rates and Charges are attractive and market competitive.
Conventional banking means the business of receiving money in current, saving or deposit account, paying and collecting cheques drawn by or paid in by customers, and providing of business or personal loan to customers against fee/interest.
Conventional banking offers a wide range of services, including savings accounts, checking accounts, loans, credit cards, and investment products. Customers can access these services by visiting a physical branch, or by using online banking and mobile apps.
One of the main advantages of conventional banking is the personal touch it provides. Customers can meet with bank representatives to discuss their financial needs and get advice on financial planning. Additionally, conventional banks are often well-established and have a strong reputation, which can provide a sense of security for customers.