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Ha ha that's a good one

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14y ago

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If money doesnt grow on trees then why do banks have branches?

Isn't it a bit unnerving that doctors call what they do "practice?" (:


If money dont grow on trees why do banks have branches?

I thought you'd have twigged that yourself.


What branches does sm first when it somes to income?

The question can not be answered as asked. Branches often refer to banks that are located away from the main bank location. Income is money that is earned.


How is new money distributed?

'New money' is printed at the 12 Federal Reserve Branches and is distributed to banks to be distributed. When they do this, they take out old currency and replace it with newly printed stuff.


Are there branches of Bank of America in manila Philippines?

Because nobody really cares what the banks name is, and the BOA knows that there is money to be made in the phillipenes. RBC (royal bank of canada) has many branches in the USA


What bank in philippines compatible can receive money from IBK?

any bank that has international branches. i.e. metrobank, BPI, PNB,and many more..except rural banks nor lacal cooperative banks.


Do all Bank Of America branches have atm machines?

Yes, all banks have ATM machines. All Bank of America branches should have ATM's so their customers can get money out, quickly and efficiently. So yes, they should have them.


What is the swift code for Bank of America in Massachusetts?

SWIFT codes are used for identifying banks branches, the codes are needed when moving money between banks. The SWIFT code for the Bank Of America Boston, MA branch is BOFAUSV1UST.


If money does not grow on trees then why do banks have branches?

The fact that a company can be analogised to a tree does not mean that a partially related idea (money) can be said to grow on trees. The two facts are completely independent. Banks are said to have branches because of the way such a company is organised. The head executive could be called the root system; the main lines of communication and function are likened to the trunk; and each link to a particular are is likened to a branch or subbranch.


What factors hinder growth of rural banks in the world?

Profitability is the biggest factor that would hinder the growth of rural banks. Rural banks operate in villages and rural areas of a country. The number of customers and the kind of services that are offered in rural banks are significantly lesser than regular banks. Banks cannot charge any fee because rural customers wouldn't want to pay any fee to operate bank accounts and may not deposit much money either. So, the banks cant make much profits through their rural branches. So, banks may not be motivated much to open or operate such branches.


What is does Estimate Annual Carry imply in money insurance policy?

covers the total amount of money transit between banks and branches on daily basis for a whole year


Can you purchase foreign currency at local banks?

Yes. Most major banks in the world offer foreign currency sales in their branches. Though not all branches of a bank deal with it, the main branches in important cities do that. All you need is:A passportProof that you are going to visit a foreign nation (Either on tourist or employment visa)Money in local currency to pay the bankThe bank will collect the local currency money and give you the foreign currency equivalent of it. The bank may also charge you a fee for doing so