COMPUTERISED SAVINGS ACCOUNT IN . ACOMMERCIAL BANKING INSTITUTIONS (A CASE STUDY OF UBA PLC MINNA)

Abstract

There has been a great use for efficient effective and first processing of data in all areas of human endeavour today. This has made the use of computer desirable especially in most of our financial institutions and banks in particular. It is therefore imperative to develop systems to enable them (BANKS) transact business with little problems and also to ameliorate fatigues and mistakes in the part of the workers as well as reducing the long time customer would have to stay in waiting for attention. The proliferation of banks in the country has led to a lot of competition among them and computer usage is always to draw the attention of customers which is their paramount desire, hence it is given enormous priority. Banks were among the first large organisa,tions to invest heavily in computing and today banking is almost totally dependent on the computer. The computer is necessary because, there is no other better way of dealing with large volume of data and information processing in most instances the computer is sited centrally with terminals giving them on-line accounting facility and enabling them to interrogate the central system of information on such things as current balance deposits, overdrafts, interest charges etc.Under computer control, customer statement are prepared and printed out into a specially design hard copy stationery.