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Why do we do that. If you are wealthy you might want to because of taxes, but otherwise most folks do NOT put money into Swiss banks. You might think that because of some movies. It is made easy to hide the money and that is one reason for depositing things there.
Wiki User
∙ 8y ago
Wiki User
∙ 8y agoThe Swiss banking system is noted for privacy, security, and the economic soundness of the banks.
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Why do people favor Swiss bank accounts?
Swiss Banks are considered the worlds safest as well as most secretive banks. A swiss bank will never share the details of their customers, unless and until the person asking for it has the legal authority to do so and that too after they can prove that the account holder has done some criminal activity in order to earn that money. That is why people prefer swiss banks.
Why did you choose government bank not pvt bank?
I don't really distinguish between government or private banks but most people in india do. People feel that government banks, since they are owned by the government are safer and that the money they deposit is 100% safe. That is the reason why they prefer government banks.
How do banks benefit from people with savings deposit?
The banks loan out the money on deposit at higher rates of interest than they pay the depositors. Since most people keep their savings on deposit for long periods, the banks are able to do this. If everyone came at once and asked for their money, the bank would fail.
Why do Indians deposit money in Swiss bank?
India has more money in Swiss bank than all the other countries combined. they deposit their black money in swiss bank.This is not so surprising.Dishonest persons, scandalous politicians and corrupt IAS, IPS officers have deposited in foreign banks in their illegal personal accounts a sum of about $ 1500 billion, which have been misappropriate by them.
Why do people deposit money in savings accounts in banks?
Trust and convenience !
Why do people favor Swiss bank accounts?
Swiss Banks are considered the worlds safest as well as most secretive banks. A swiss bank will never share the details of their customers, unless and until the person asking for it has the legal authority to do so and that too after they can prove that the account holder has done some criminal activity in order to earn that money. That is why people prefer swiss banks.
Why did you choose government bank not pvt bank?
I don't really distinguish between government or private banks but most people in india do. People feel that government banks, since they are owned by the government are safer and that the money they deposit is 100% safe. That is the reason why they prefer government banks.
Which country is in Swiss banks?
Swiss Banks are located in the country of Switzerland.
How do banks benefit from people with savings deposit?
The banks loan out the money on deposit at higher rates of interest than they pay the depositors. Since most people keep their savings on deposit for long periods, the banks are able to do this. If everyone came at once and asked for their money, the bank would fail.
What are Swiss banks?
Swiss Banks are banks that have their roots or rather headquarters in Switzerland. Swiss Banks are some of the most famous banks in the world. The most prominent banks in Switzerland are: a. UBS - United Bank of Switzerland b. CS - Credit Suisse
Why do people deposit money in savings accounts in banks?
Trust and convenience !
Why do Indians deposit money in Swiss bank?
India has more money in Swiss bank than all the other countries combined. they deposit their black money in swiss bank.This is not so surprising.Dishonest persons, scandalous politicians and corrupt IAS, IPS officers have deposited in foreign banks in their illegal personal accounts a sum of about $ 1500 billion, which have been misappropriate by them.
How banks use the money that people deposit?
Loans & of course they earn interest on it.
What is the plural word for bank deposit?
banks deposit
Why passbooks not given to time deposit holders in banks?
Why passbooks not given to time deposit holders in banks?
Why do banks give interest on deposit?
Banks make money by lending money to people and charging people for borrowing. The amount banks charge is called interest. Banks borrow money from other people and pay them interest on the amount borrowed. Banks charge more interest on the money they lend than they pay one the money they borrow. That is how they make money. When people deposit money with a bank, the bank is literally borrowing money from some people so they can lend it to other people. That is why banks pay interest.
How do you spell bank deposit in plural form?
Banks deposit
