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What else can I help you with?
How to get a mansion for free?
By having enough money already in the bank.
People who have money in the bank are called?
they are called depositors because they deposit their money in the bank. they are also called bank clients.
How does the bank reward you for putting your money in the bank and what is this called?
The bank rewards you by giving you an interest. Interest is the money that you get for having your money deposited in a bank account. For ex: let's say you deposit Rs. 10000/- in a fixed deposit with a bank. The bank will pay you let's say 8% interest per annum (the rate varies from bank to bank and from country to country) which effectively means that, for having your money (Rs.10000) deposited with the bank for one year, the bank will pay you Rs. 800/- that's your reward.
Where is money kept?
Money is kept in the bank. The bank is big so it will surely enough will be able to fit into the bank where they put the money. Money will be taken out when you want to withdrawal your money.
What is a minimum balance?
A Minimum Balance Fee is a payment made to your bank for not having enough money in your savings account, checkings account, ETC.
When do you get interest from the bank?
The bank customers share of profit made on loans by the bank is called the "Interest". It is the money the bank pays the customer for having their money deposited with the bank. As you know, the bank earns an interest income from loan customers for the money they lend them, and since this money they lend is taken from the deposits placed by customers, banks share the profit by paying an interest to the customer who has placed the deposit with them.
What is a Minimum balance fee?
A Minimum Balance Fee is a payment made to your bank for not having enough money in your savings account, checkings account, ETC.
What is a group of money called?
bank of money
What are advantages to having savings in the bank?
The main benefit to having savings in a local bank is the ability to garner interest. Interest means that you receive, what is essentially, free money just for having a certain amount of money in a bank account.
What do banks use depositors money?
The bank customers share of profit made on loans by the bank is called the "Interest". It is the money the bank pays the customer for having their money deposited with the bank. As you know, the bank earns an interest income from loan customers for the money they lend them, and since this money they lend is taken from the deposits placed by customers, banks share the profit by paying an interest to the customer who has placed the deposit with them.
Can you take money out at the bank without having your card present?
In general, if you are trying to get money from a credit card, no, you will not be able to do so at your bank without having the card present.
What is money paid for the use of money called?
Money that is paid for the use of money is called interest. When you keep your money in a bank savings account, the bank credits your account with interest.
