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Bank account is very important now a days life due to following reasons. If you are employee then to get salary. If you go out city and need money you can get via ATM or your friend or family members can send you money on line in your bank account. So it makes your life so simple and you do not need to take money on large journey just have your ATM card of bank account.
Wiki User
∙ 13y ago
Wiki User
∙ 13y agoThere are many reasons why it is important to have a bank account.
-It is a comparably safer place to put your money in, rather than home
-You earn interest (extra money from money in a bank account)
-You can keep track of your money better
-You can use an online bill pay service
-You can set up an automatic pay bill
-Your employer can directly deposit his/her money into your bank account
Still, it's not essential. You can get by without one, but a bank account does have its perks.
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When opening a bank account is important to review?
There are many things which are important to review when opening a bank account.
What is the object that is important to you?
An object important to me is my passbook for my bank account.
When opening a bank account its important to?
yes it is
Principal accounts on a bank's balance sheet?
Loan account is the most important account in the bank's Balance sheet.
When openeing a bank account its important to review provided to you by your bank?
fee schedule
What does beneficiary to a bank account mean?
A beneficiary is the person to whom the proceeds of a bank account would be paid if the primary account holder of that bank account dies. They can also be termed the nominee for a bank account. This is very important for cases wherein the account holder does not have a legal will stating to whom his account proceeds should go. In such cases the bank would choose the nominee or beneficiary and pay them the account proceeds.
What are the examples of contra voucher?
# Cash account to Bank account # Bank account to Cash account # Bank account to Bank account
When opening a bank account it is important to review the?
Dick on the side of their faces
When opening a bank account its important to review provided to you by your bank?
When opening a bank account, it is important to carefully review the terms and conditions provided by the bank. This will give you a clear understanding of the fees, interest rates, and any account limitations or requirements. Reviewing the documents will help you make an informed decision and avoid any surprises in the future.
Why is it important to find a safe bank to open a savings account?
Because, it is our hard earned money and if the bank fails or goes bankrupt, all the money we deposit with it is also gone. So it is always important to find a safe bank to open a savings account.
Which one is correct sentence.you have a bank account in this bank or you have a bank account under this bank?
"you have a bank account in this bank" is the right phrase.
Is bank account perosnal account?
yes bank account is personal account
