Banking services

Services provided by banks. These typically include
(i) acceptance of deposits (whether on current accounts or on deposit accounts of various types);
(ii) lending (including overdrafts, mortgage lending, factoring, financing of commercial transactions, asset finance, and letters of credit); (iii) financial leasing;
(iv) money transmission services (including buying and selling foreign currency);
(v) issuing and administering means of payment, such as cheques, credit cards, travellers' cheques, bankers' drafts, and merchant acquiring;
(vi) giving guarantees; or
(vii) related administration services.