Personal Report for Financial Services - Term Paper Example

One of the services offered by Qatar National Bank is debit cards financial service through three client segments. Debit card is a service offered to the cardholders to access the financial services electronically in making purchase payments instead of using cash. Qatar National Bank has come up with a debit card that allows the cardholders to make purchases in 200 countries and over 24 million business outlets globally. In addition, the cardholders are able to access cash in all MasterCard ATMs worldwide (QNB, 2014).

The debit cards are segmented into MasterCard titanium visa gold for clients with a maximum salary of 15,000 Qatari, MasterCard visa platinum for clients with a salary exceeding 15,000 Qatari but less than 35,000 Qatari and a MasterCard visa infinite for clients with a salary of 35,000 Qatari. Similarly, Qatar National Bank offers credit cards service to its clients through three platforms that include life reward credit card, Qatar Airways credit card and Qtel Nojoom credit card (QNB, 2014).

The credit card service allows the clients to make purchases of goods and services through borrowed money from the bank on a promise to pay back. Consequently, Qatar National Bank has created an account that allows the credit card holders to borrow money in making payments and accessing cash advances. Current account is another financial service that is offered by Qatar National Bank. A current account allows the clients to deposit and withdraw money without limitations. The bank allows both residents and nonresidents of Qatar to open the account.

To make the account attractive to investors, the account holders are issued with free check books, debit cards, transfer of internal funds, monthly statements, and SMS banking services (QNB, 2014). Business banking service is also a financial service that is offered by the bank. This involves providing innovative value added services and products, and business financial services that promote commercial