Check clearing is the process that banks utilize to record the account that the money originates from as well as the account the money is received at.
Check clearing is the process by which banks record whose account gives up money and whose account receives money when a customer writes a check. A bank holding company is a company that owns multiple banks.
yes
For the banks: To make money. For regular people: To take money from their credit card and make it physical money.
banks, investors and vendors
the banks use math so they can get their pay and count money
The banks count money. They figure out the value of a loan, they figure how much they lost when the stock market hits rock bottom.
While banks and post offices offer a service, they are different services. In a sense, both take "deposits" (money; letters) and give "withdrawals" (money; mail). But, banks handle and count more money in one day than would a post office. As well, at the rate that the United States Postal Service is losing money, banks continually make money from providing their services. Like banks, P,O. customers can walk in. But banks have drive-throughs; P.O.'s don't (except at tax time). Banks do not deliver their service to your doorstep, but the post office carriers do. A Postal Carrier is a government employee, but cashiers are corporation employees.
It means money count. In other words, COUNT YOUR MONEY YO!
Money is CREATED by governments, not banks. They store money. Banks also EARN money by loaning money to people. People pay the banks back more money than they borrow (interest)
Banks do not iron money as this would burn it. The Royal Mint, who make the money, make it flat when it is made, and then send it to the banks like this. Ironing money is not recommended :)
While banks and post offices offer a service, they are different services. In a sense, both take "deposits" (money; letters) and give "withdrawals" (money; mail). But, banks handle and count more money in one day than would a post office. As well, at the rate that the United States Postal Service is losing money, banks continually make money from providing their services. Like banks, P,O. customers can walk in. But banks have drive-throughs; P.O.'s don't (except at tax time). Banks do not deliver their service to your doorstep, but the post office carriers do. A Postal Carrier is a government employee, but cashiers are corporation employees.
they use money for money
no
Money lenders and banks.
The way banks earn money is basically a two-step process. First, banks borrow money from other banks as well as from their depositors. The banks then loan that money out to businesses and people, and charge them a higher rate of interest than they are paying on the money. Banks also earn money by charging fees for services they offer.
Banks take your money and buy mcdonalds