Green Banking

As such, issue of global

warming calls for a global response. Due to unusual weather pattern, rising greenhouse gas,

declining air quality etc. society demands that business also take responsibility in safeguarding

the planet.

Defining green banking is

relatively easy. It means promoting environmental-friendly practices and reducing your carbon footprint from your banking activities. This comes in many forms. Using online banking instead of branch banking. Paying bills online instead of mailing them. Opening up CDs and money market accounts at online banks, instead of large multi-branch banks. Or finding the local bank in your area that is taking the biggest steps to support local green initiatives.

any form of banking that benefits the environment?

Banking system hold a unique position in any economy that can affect production,business and other economic activities through their procedure for financing activities which

would in turn contribute to protect environment/climate from pollution

Green banks or environmentally responsible banks do not only improve their own

standards but also affect socially responsible behavior of other businesses

Green Checking - converting checking accounts to online banking

Green Money Market Accounts - converting savings accounts to online banking. Besides being environmentally friendly, it’s also incredibly convenient. You’ll have easy to access your account information anywhere you’ve got a safe and secure Internet connection

Green CDs – bonus rates for online banking

Green Loans – better rates for energy-efficiency projects

Green Mortgages – better rates for energy-efficient houses

Online Bill Payment You can pay bills, order checks, and keep tabs on all account activity with a click of your mouse.

Reward Checking Accounts

buying organic products, composting or just turning off electronics at night, being green means all sorts of things to different people.

4.4 Introducing Green Finance...