Business Studies

Which of the following is not related to "Bank Correspondence"?


ANSWER

Reminder letter for balance due


SOLUTION
correspondent bank is a bank that provides services on behalf of another, equal or unequal, financial institution. It can facilitate wire transfers, conduct business transactions, accept deposits, and gather documents on behalf of another financial institution.
Banking Correspondence in Business Communication. Correspondence with banks is essential for organizations. Banks also are business houses and they have to correspond with clients and customers. Banks whether Private or Public, Local or Foreign, have to face stiff competition from others.
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Single Correct Medium Published on 18th 08, 2020
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