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What does the bank do with the money that they put into your account?
Wiki User
∙ 13y ago
Two things.
First, they record how much is supposed to be there, so when you come to withdraw some they'll know how much you can.
Then they make loans with some of it. The interest from the loans, and fees for various services they provide, are the bank's income.
Wiki User
∙ 13y ago
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How you get interest rate?
First you need a bank account and money you put the money in the bank account, wait for a year or two and then you get more money in your bank account
What can you do if a bank puts money in your account by mistake?
put it in my account.
What does it mean when you put money into an account?
It means that you are saving some money in your own bank account.
What is the word to put money in a bank account?
deposit
How would you put your money in the savings account?
Take the money to a teller at your bank, or deposit it in the ATM at your bank.
How often can you put money inside your bank account?
Usually, you can put money inside your bank account as much as you want.
How does a personal bank account work?
you have to have money then you must put it into a bank then you have a bank account.
How you get interest rate?
First you need a bank account and money you put the money in the bank account, wait for a year or two and then you get more money in your bank account
How do you put money on an account?
Walk into an ATM and deposit the money into your bank accountWalk into the bank branch (any bank that you have an account with) and deposit the money into your bank account
What is money placed into an account?
money in a bank account, when u put money into an account it is called a deposit.
What can you do if a bank puts money in your account by mistake?
put it in my account.
What does it mean when you put money into an account?
It means that you are saving some money in your own bank account.
What does Money saving mean?
Saving money means you put money in a envelope or a bank account. "savings" Well you put it away and you don't touch the money and you keep adding money to the envelope or bank account
What is the word to put money in a bank account?
deposit
How would you put your money in the savings account?
Take the money to a teller at your bank, or deposit it in the ATM at your bank.
What is Money put into an bank account called?
to deposit moneyA Deposit is the act of putting money into an account.
Can you go in to a royal bank of Scotland bank and put money in for a natwest bank account?
Yes.
