Which service provided by banks deals with the acceptance of customer funds?Credit ServiceCollection ServicePayment and Remittance ServiceDeposit Service

Break Down the Problem

1. Identify the key services provided by banks.
2. Determine which service specifically deals with the acceptance of customer funds.

Relevant Concepts

• Banking Services: Banks offer various services such as credit, collection, payment and remittance, and deposit services.
• Acceptance of Customer Funds: This primarily pertains to services where customers deposit their money into the bank.

Analysis and Detail

1. Credit Service: Involves lending funds to customers, not the acceptance of deposits.
2. Collection Service: Refers to the collection of funds on behalf of customers, not direct acceptance of funds.
3. Payment and Remittance Service: Involves transferring funds but does not equate to accepting deposits.
4. Deposit Service: Directly relates to the acceptance of customer funds through various accounts (checking, savings, etc.).

Verify and Summarize

The only service among the listed options that deals explicitly with the acceptance of customer funds is the Deposit Service.

Final Answer

Deposit Service is the bank service that deals with the acceptance of customer funds.