Managers in many financial institutions handle large sums of money. However, a small percentage of this cash is involved in the day-to-day running of the businesses' engagements. Since money is the commodity that facilitates exchange of goods and services, it is necessary for those people handling to be good custodians. Most business organizations prefer to keep their money in banking institutions. This not only safeguards the money from risks such as theft and loss but also ensures that finance managers remain transparent and accountable. Banking services require that customers meet some financial responsibilities. In this paper, focus is on the service model and bank holding balance model as offered by different banks. It explains the reasons as to why the latter model is most preferable than the former model (Kennedy, 2005).

As a finance manager, I find the bank holding balance model to be the more appropriate to meet the...
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