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Depending on who you are, the use varies.
If you are the depositor - the person who is depositing the money, you will be earning an interest on the money you deposit. So, that is your use.
If you are the bank then - you are getting money from a customer which you can use to grant loans to other customers. The loan customers will pay you an interest (which will be higher than the interest you pay to your deposit customers) which means you will make a profit through this transaction. This is your use.
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Are deposits assets or liabilities of a bank?
Customers deposits in a bank are the bank's liabilities because they are OWED to the customer.
What does the Federal Deposit Insurance Corporation do?
It acts as an insurer of bank customer deposits. A+
A person who handles deposits and withdrawals in a bank?
A Bank Teller
The Federal Deposit Insurance Corporation insures bank deposits up to per deposit?
$100,000This is sort of complicated. Per www.fdic.gov:"The basic insurance amount is $250,000 per depositor, per insured bank."The $250,000 amount applies to all depositors of an insured bank."Deposits in separate branches of an insured bank are not separately insured. Deposits in one insured bank are insured separately from deposits in another insured bank."Deposits maintained in different categories of legal ownership at the same bank can be separately insured. Therefore, it is possible to have deposits of more than $250,000 at one insured bank and still be fully insured."
Klein Bank deposits and the fee.?
According to Klein Bank's policies in regards to direct deposit, you can use a direct deposit on your account. Also, there is no direct deposit fee for Klein Bank.
Are deposits assets or liabilities of a bank?
Customers deposits in a bank are the bank's liabilities because they are OWED to the customer.
What were American bank deposits in 1995?
In 1995, $2.7 trillion was held in American bank deposits
Are bank deposits subordinated debt?
Subordinated debt is a debt that ranks lower than bank deposits. From this point of view subordinated debt can't be deposits
What does the Federal Deposit Insurance Corporation do?
It acts as an insurer of bank customer deposits. A+
A person who handles deposits and withdrawals in a bank?
A Bank Teller
How to do I open a savings account?
Since there are many options, it might be hard to select which bank you want to use. ( You can also use a credit union ) Most bank require small deposits to open an account, but larger deposits to keep the account open and not earn service charges.
Where do offshore banks furhter invest the deposits?
The deposits bank on further invests!
How do you conserve gold?
In bank deposits.
What steps can a bank take to deal with a significant outflow of deposits?
Answering "What steps can a bank take to deal with a significant outflow of deposits?"
What information is needed for a Bank of America customer to set up direct deposits into their checking or savings account?
To set up direct deposits into your checking or savings account with Bank of America, you will need your Bank of America account number, the routing numbers for the branch you use, and your employer's address.
The Federal Deposit Insurance Corporation insures bank deposits up to per deposit?
$100,000This is sort of complicated. Per www.fdic.gov:"The basic insurance amount is $250,000 per depositor, per insured bank."The $250,000 amount applies to all depositors of an insured bank."Deposits in separate branches of an insured bank are not separately insured. Deposits in one insured bank are insured separately from deposits in another insured bank."Deposits maintained in different categories of legal ownership at the same bank can be separately insured. Therefore, it is possible to have deposits of more than $250,000 at one insured bank and still be fully insured."
Klein Bank deposits and the fee.?
According to Klein Bank's policies in regards to direct deposit, you can use a direct deposit on your account. Also, there is no direct deposit fee for Klein Bank.
