A well scripted cover letter for banking jobs will help you surely to get the doors open of an interview.
A properly written cover letter can serve as a successful step towards getting selected in an interview in the banking world. Here are some resume cover letter tips to help you write a cover letter for banking jobs:
Be straight to the point: A banking job is a very serious and mind testing job. You got to have that focused mind and patience. Thus, your cover letter should maintain a serious tone so that it reflects the ability to take your responsibility seriously while dealing with clients and other work. Being casual reflects a poor attitude.
Plan your structure of the letter: A successful banking career requires some essential qualities that a candidate should possess. A well written and chronological cover letter shows how capable you are to enter the banking world.
Stress on your skills: Include your prior banking experience, where you applied your skills while doing a job. It will help the potential employer to make a clear decision about you, and see that you qualify best for the position. Thus, moral of the story is that you should specify each important skill which applies to the desired job profile.
Dont forget the aim of the cover letter: A cover letter has to be very specific. It should not explain each and every word of your resume, but should summarize it. Highlight important points which will help you to get the job.
Inform about your public skills: As discussed above, job in the banking sector requires a lot of responsibility, and you have to be very honest with the clients. A personalized tone of your cover letter for the resume will make understand the potential employer, about you and your persona.
Be attentive to details: If you are working in the banking industry, you need to be detail oriented and perfect. It is a calculative world, and thus you should be careful while writing the cover letter. Use a good dictionary, or get it proof read from an expert, so as to be clean and error free. It will display your skills of perfection in your work.
Here’s a shocking fact about money – the average American spends about 60% of his or her lifetime earnings on taxes and interest payments. That means that for every $100 you earn, $60 of it is never really yours. It’s paying the government, the bank you borrowed money from, and any other institution to which you’re paying interest.
You may be thinking, “Well, that’s just the way it is.” But it doesn’t have to be. With the Infinite Banking System you can break the cycle of paying money to someone else, and start paying it to yourself.
What Is Infinite Banking?
The Infinite Banking System is a financial philosophy of being your own bank. It means taking more control of your financial dealings, not just handing them over to some financial advisor or institution. Infinite Banking takes structure and discipline, but the rewards are numerous.
Let’s start by discussing the financial “norm”. Most people, when seeking a mortgage or financing the purchase of a new car, will turn to a bank or other financial institution. In the traditional banking system, there are three major players: the Saver, the Borrower, and the Banker.
The Saver deposits money with the bank and earns interest on his or her money; the Borrower borrows money from the bank and pays interest on the money borrowed. The Bank is just the intermediary. For its effort, the bank charges higher interest to the borrower than it pays to the saver. This is called the spread, and is how banks make their money.
What the Infinite Banking System does is make you the bank. You will save with your bank, you will borrow from your bank, and when you pay interest on your personal loans, you’ll be paying yourself – because you’re the bank.
Sound complicated?
It’s not! The infinite banking concept predicates on the idea of cutting out the middleman – the bank. With Infinite Banking you can save with and borrow from yourself. And when you pay yourself back, you are paying back your personal loan plus the interest to yourself.
Getting Started with Infinite Banking
So how do you become your own bank and begin financing yourself?
With whole life insurance. Specifically, it’s a dividend paying whole-life insurance policy. The Infinite Banking system is built on this financial tool and it allows many possibilities for financial stability and success.
To start, whole life insurance has been a proven winning financial tool since the inception of life insurance. Whole life insurance policies are carried by:
-the wealthy to protect their estates
-ordinary families to protect their assets
-corporations, and
-almost every major bank.
In fact, in 2008, bank owned life insurance (BOLI) grew by $126.1 billion. So the product is a proven winner.
When using whole life insurance as a personal banking system, the policy is structured differently. The Infinite Banking system’s whole life policy is structured to maximize liquid cash values instead of concentrating on the death benefit. Which means you can enjoy your money now and still leave a financial legacy for your heirs.
The Benefits of a Dividend-Paying Whole Life Policy
A dividend-paying whole life insurance policy allows you to take policy loans from the cash values within your policy. You control these funds and dictate the re-payment terms. That means you set the interest rate, the amortization period and other loan terms. It might be tempting to think that the best thing about this is no paperwork! (Have you applied for a loan lately?). But in fact, the best thing about this is that when you borrow from yourself, you also pay yourself back. You pay back the loan, you pay yourself interest, and you do it all on your schedule. There are no penalties for a late or missed payment. And there are no loan fees or other transaction fees. Remember, you are now the bank!
There are numerous other benefits to the infinite banking concept. A properly structured dividend paying whole life insurance policy offers tax-deferred growth of money, and tax-free distributions via policy loans. Non-loan withdrawals from the account are tax-free up to your basis, or the amount you have contributed into the account.
With the Infinite Banking System, cash value growth within the account accumulates tax-free. Additionally, the death benefit proceeds pass to your heirs income tax-free. In fact, with proper planning, you heirs can receive the life insurance proceeds from your policy free of estate taxes.
The Infinite Banking Concept teaches independence from the conventional way of financing, meaning you will no longer be reliant upon banks and finance companies for cash or financing. If you’re ready to be your own bank, look into the Infinite Banking Concept today. With a little planning and discipline, you’ll be on your way to financial self-reliance.
How does the banking service we typically use called online banking service provide information to you by your bank which can cause you to see some misleading account balances? I love the very convenience of online banking, especially the bill pay service. However, you have to be careful about your account balance when you use online bill payment services from your banking institution. Otherwise you may accidentally open yourself up to a bank overdraft and a big hefty fee.
Online Bill Pay Available For Unbanked Consumers
Even if you have been denied the opportunity of having a regular checking account by a bank because of a report of a bad credit score or you have a history of having had too many bounced checks in a past checking account, there are free online bill pay services which are still available through some companies providing these critical banking services. This potentially saves you considerable money on stamps, envelopes and money orders when you take advantage of online bil pay services.
Bank of America Misleading Terminology
With Bank of America online bill pay, the funds are not actually withdrawn from your account until the payee actually cashes the check. In this situation, the Bank of America bill pay system still shows the payment status as “processed”. Now, when I see “processed” I think that that bill is paid and the money has been zapped out from my account. This is not always the actual case. The fact is that just because a bill is showing as “processed” does not mean that the money has truly been withdrawn from your account.
If you have bills showing as “processed” but the payee has not yet cashed the check, then your account balance which is showing is not truly 100% available to you to spend on other needs and make purchases.
Suggestion For Bank of America
It would be better if Bank of America left an uncashed bill payment check in “pending” status until the payee cashes it and funds are truly withdrawn. The terminology that Bank of America uses to describe the status of an online bill payment is the same regardless of whether the check was cashed or not. So, be careful and heed this word of warning. To those of you who like me, value the convenience of online bill pay services, make sure that you are not mislead by the word “processed” when you see it in reference to a check which may or may not have been cashed.
Do you not want to just sell things? Well how about a different kind of retail job?
When most people think of a retail job, they think of traditional types of work such as shop keeping, floor sales, and register clerking. But the word ”retail” applies to any kind of service or work that involves providing services or products to the everyday consumer, so when considering a retail job search, broadening your perspective a bit can pay big dividends bank dividends, as a matter of fact.
Retail Banking: A Different Kind of Retail Job
If you’re considering a career in retail, you need to know that there’s more to the retail category than sales and service jobs. Retail banking, for example, is an aspect of the banking industry that deals directly with consumers instead of companies or other banks. Retail bankers offer their customers savings, checking, and specialty accounts, as well as personal loans, mortgages, credit and debit cards, and other personal financial services. If you’ve got a checking or savings account, you’ve already seen one side of the retail banking industry, so how about considering a career on the other side of the banking table?
Retail Banking Jobs
Your retail job search doesn’t have to be limited to traditional retail positions such as sales or service jobs. One of the top retail jobs today is in the retail banking industry. Retail jobs in banking differ from other types of retail positions in that they are the perfect entry-level jobs for those interested in pursuing a career in the financial sector. Not only that, retail banking jobs involve many different kinds of positions. Let’s take a few moments to look at some of the possibilities:
Retail Banking Clerk: Retail banking clerks are at the front line for the bank, handling the majority of banks routine interactions with customers. Most banking clerks are called tellers. They cash checks, take in deposits, and handle processing withdrawals. Tellers also handle mail transactions, sell bonds, accept payments for bills, and sell traveler’s checks.
Head Teller: Head tellers supervise other groups of tellers, making sure that their working cash tallies up at a shift’s end and answering any more complex questions that may arise in dealing with customers.
Customer Service Representative: Unlike tellers and bank clerks, CSRs are responsible for more complex customer interactions. They often handle setting up accounts, transferring money between banks, and dealing with foreign money exchanges and other international transactions. CSRs also ”pinch hit” for tellers when the need arises.
Personal Financial Representative: These bank employees handle more of the sales aspects of a retail bank. They help customers to choose types of loans or mortgages, give advice on simple investments like CDs and other non-stock financial products, and suggest ways for customers to save and manage their money more effectively. Many of these positions are designated as loan officers, as they specialize in this area of expertise.
Retail Bank Manager: A retail bank manager is in charge of the overall bank, directing the given branch’s efforts to attract new customers and increase sales of the bank’s various financial products (loans, mortgages, CDs, etc.) based on the directives of central bank management. The retail bank manager (also called a branch manager) must also make sure that his or her branch is in compliance with all financial and business practices and policies, not only within the bank itself but also in regards to state and federal regulations.
Working Conditions
Most retail bankers used to work, well, banker’s hours, typically from 9 to 5, Monday through Friday. But this now varies. Banks are now often open on Saturdays, and many have hours that extend to 7pm. While many retail banks are in bank buildings, increasingly there are mini-bank branches in supermarkets and shopping malls. These banks typically have longer hours and a great deal of foot traffic and noise.
While managers, CSRs, and personal finance reps usually have desks to work at, working as a teller means long hours on your feet. There is also a great deal of working with computers and other office equipment. Retail banking requires exacting care and attention; a mistake can cost the bank or customers a great deal of money, as well as having legal ramifications.
Qualifications
Most teller jobs require little more than a high school diploma, although a college degree in business, accounting, or another related area is advantageous. Training (through direct supervision and classroom work) is usually supplied. Many tellers are part-time workers who are working to supplement other sources of income. Bank managers usually need a BA in retail management or a similar area, although other degrees can be applied. An MBA or MA degree is preferred at this level, in addition to experience in building or managing a retail operation.
Advancement Potential
College grads in business and accounting should be advised that a teller or CSR job is often a good way to start a banking career. With training supplied and numerous branches, most banks are practically designed for a hardworking teller to work his or her way up the corporate ladder to managing his or her own bank. By taking on new duties and working up to supervisory positions, entry-level retail banking employees can prepare for job openings within their branch or at other branches most banks prefer to fill managerial positions from within.
Conclusion
Looking for a retail job that can lead to a much bigger position? Consider a job in retail banking. With full training provided, part-time hours, and the chance to advance up the company ladder, it’s a retail job that is worth some serious consideration.
Cord blood stem cells have already been used in treating over 20,000 patients for a wide range of diseases, including types of leukemia and immune system illnesses. Cord blood stem cell treatment is still considered experimental and scientists continue to research its uses in treating other diseases like cerebral palsy, stroke, and diabetes. As further scientific breakthroughs are made, the potential for using cord blood stem cells to treat a variety of diseases and conditions may continue to increase. The first documented clinical use of cord blood stem cells was in the successful treatment of a six-year-old boy afflicted by Fanconi anemia in 1988. Since then, cord blood banking has become increasingly recognized as a source of stem cells that can be used in stem cell therapy.
Recent studies have shown that cord blood has unique advantages over traditional bone marrow transplantation, particularly in children, and can be life-saving in rare cases where a suitable bone-marrow donor cannot be found. Approximately 50% of patients requiring a bone marrow transplant will not find a suitable donor within a critical period. In certain instances, there may be some medical issues around using one’s own cells drawn from their cord blood storage, as well as availability of cells, which will require treatments done using cells from another donor, with the vast majority being unrelated donors. However, studies have shown that stem cells from cord blood banking can also be used for siblings and other members of the family who have a matching tissue type. Siblings have up to a 75% chance of compatibility, and the cord blood may even be a match for parents (50%) and grandparents.
Parents often ask what a cord blood Collection Kit exactly is. A collection kit stores and protects cord blood for delivery to a cord blood bank. These kits vary from bank to bank, and they commonly feature temperature stabilizers, reinforced casings that provide breakage protection, and specialized collection bags for containing cord blood. It’s important to take your kit with you to the hospital, as the staff there will not provide you with one should you forget to bring it. With regards to choosing a reputable bank, it is important to take the time to consider these key questions: Has the bank registered with the U.S. Food and Drug Administration (FDA) and met all necessary state regulatory requirements? Is it accredited? How does the bank store cord blood? How experienced is the cord blood bank? Is the cord blood bank financially stable and profitable? Ask the bank you’re considering what it would do with your cord blood if the company went out of business. Look for a company with a reasonable plan to accommodate customers. For additional information, visit www.cordbloodadvantage.com to learn more.