Financial Services: Which Ones Should You Watch Out for?

 Financial institutions work with various financial services, precisely so that you can please and meet your request, as a customer. In many of these financial services, the client sees some benefits, mainly because of the need at the moment, but also because they really prove advantageous in a broader view.

But it turns out that, for certain types of financial services, you need to be more careful, as they can present many pitfalls, which in the future, will make you regret having hired them.

So that you don't get too scared with the financial services provided by financial institutions, we decided to talk about some of them, so that you are careful when hiring them, because no one wants to go through a scare in the future and we don't want you to have surprises. negative about it.

So, look at the financial services we list here and see the precautions you should take.

Understand more about financial services

Checking account

An instrument made available by companies to be able to move their financial resources at bank branches, through deposits and withdrawals, using check books, credit cards or the internet.

It has the same way of functioning for both legal entities and individuals.

Being one of the most used financial services by people, the current account requires certain care, especially with bank fees. Because of this, the entrepreneur needs to look for information in several financial institutions before opening a checking account.

You need to check the value of service package fees charged and choose the financial institution that best meets your needs.

Another important point to be careful about is issuing bad checks. Once the current account is used, the entrepreneur is required to have greater control over the amounts that are moved, so that the issuance of bad checks is avoided, as these occurrences testify against the customer and make their relationship negatively weigh with the bank.

Check custody

Another financial service that is well used by customers, check custody is a service provided by the financial institution to store post-dated checks received by companies.

Checks are only cleared on the date they were scheduled and the amount is credited directly to the companies' current account.

The care that must be taken with this financial service is the increase in bank expenses, where the total volume of fees charged for the custody of checks in banks can be high, even more so if you consider the amount of post-dated checks that the company receives. and guard.

Another important care is the cost of reversing the custody operation, because if the customer requests the check to be redeemed from the bank before the deadline, there will be an additional charge, another fee.

 

Basket of financial products for employees

This tool is a possibility for employees of a company to use the bank's services and products, such as credit and debit cards, payroll loans, savings accounts, and to move their checking accounts, among others.

It is necessary to be careful with this financial service because, in a lack of financial control of the employees, problems of financial imbalance can occur, which can directly impact their productivity.

Automatic Debit

One of the financial services that most benefit bank customers, automatic debit is an authorization given to banks by customers to debit their checking account, referring to expenses with automated maturities.

For this type of financial service, care must be taken and a greater need to control your checking account. Automatic debit will only happen if you have a sufficient balance in your checking account, requiring greater control to confirm the effectiveness of your commitments. It is important that you certify that the debit was actually carried out so that you avoid the suspension of services.

Financing

Financing is credit services for financing an investment project for renovations, system implementations, acquisition of machinery, equipment and vehicles, own home, land.

For financing, care must be taken, especially so that it is not seen as a solution to financial management problems.

Its main objective is to help increase your performance, or equity, depending on the point of view, so that it can provide resources for you to be able to better take advantage of the opportunities that arise, whether in the form of investment, increasing your equity.

With this in mind, the client must adopt strict financial controls so that the credit is requested in the right measure, so that it can be possible to have a higher income than the financial expense that was generated by this credit operation.

These are some of the financial services and the respective precautions you should take if you want to hire any of them.

How Does Financial Coaching Training Work?

The various changes in the corporate world have created new forms of management in the learning and training of a company's employees. One of the new concepts that emerged and showed its effectiveness in the evolution of any company is the coaching process. In this process, financial control is obtained through an integrated system for the company.

Financial coaching training

Financial coaching training is one of the most sought-after trainings today. This area is growing and facing greater demand within the business market.

The training process in financial coaching basically takes place through training in which the coach, who is the coach, uses advanced techniques linked to psychological factors, time management and other tools to optimize and improve knowledge of specific areas of a professional, which is the coaches, to help the company to find more positive results.

It was through this training that financial coaching training emerged that can be used for both personal and business finance.

Financial coaching training is a training that lasts about three months in which the individual learns to identify financial habits to understand the current financial situation. With this, it is possible to set more objective and achievable goals, through a series of daily exercises to finish the training having reached your goals.

Instead of lectures and other motivational methodologies, financial coaching training is based on work linked to self-knowledge that helps in constant evolution that goes beyond training days. In financial coaching training, the main objective is to train the individual, professional or company to stand on their own feet using their own budget.

The coach needs to guide the coachee through the process of discovering what their weaknesses and strengths are in financial management. In addition, there is the discovery of your internal and external motivators in making certain decisions.

How does financial coaching training work?

Financial coaching training works as a kind of short-term degree. The training can be done through the internet, in the distance learning modality, or through a face-to-face course.

Regardless of the type of choice, it is essential to understand that it is through specialization that you will be able to gain access to the tools to make the practical application when carrying out the actions with your customers. The course houses the analysis of financial indices, applications and investments, financial market, among others.

Another important objective is to teach techniques to achieve closeness with the client, establish a relationship of trust and take care of money issues related to the emotional side.

What is the role of financial coaching?

Financial coaching aims to create a process to improve certain aspects of personal or professional life, using techniques, tools and methodologies to ensure a qualified professional.

 

She assists in personal achievements that need good financial management. In order to achieve the goals, it is necessary to have adequate planning, which takes into account possible debts and manage earnings and expenses.

Financial coaching and consulting

Financial Consulting services offer means for solutions within specific issues, while the financial coach focuses on individual or professional learning. Training with coaching is not linked to a specific circumstance, as the concern is with the learning and development of techniques and methodologies that can be used in different types of situations.

The coach has the function of developing economic skills. The method can be used in other areas of personal and professional life, helping to reconcile a new monthly income with the goals you want to achieve.

Techniques

The work is based on the analysis of the coaches needs and showing the tools that help in self-development, indicating the right paths to achieve the goals. During training, it is necessary to encourage and provoke situations that allow him to find practical answers to establish the best way to proceed to achieve the expected results.

During the training, some basic concepts are established about what financial education is like and how to control your expenses.

 

With this process, the client will be able to reflect in depth on the relationship that exists between sources of income and expenses, discover how to reduce expenses, stay away from bad habits, set appropriate short-term goals. All this, without losing motivation and learning how to make good investments.