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Rich people use "depositor" banks the same way the rest of us use banks.

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Q: What kind of bank account do millionares use?
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Related questions

What kind of bank accounts do millionares use or which bank do they use?

Well if I was a millionaire, I would be using an "off-shore" bank account in a country that is tax free and which did not have to report the contents of my bank account to the tax department in my country (IRS or Receiver of Revenue). That's why banks in the Isle of Man, Switzerland, Isle of Jersey and the Cayman Isles are so popular with wealthy people ;)


Is saving account a bank account?

If you have a savings account at a bank, then it is a bank account. If you have it in another kind of institution, such as a Credit Union or Savings and Loan, then it is not a bank account, although some people use the term "bank account" loosely and apply it to any savings account anywhere.


What kind of bank account millioners use for example what kind of account should i have for keeping 20 million dollars?

Millioners would use a brokerage-based cash management account to keep their money in.


What does relationship bank account mean?

A relationship bank account does not use money...


Can I open a click bank account with no bank account or can I use my PayPal as a bank account?

PayPal is not a bank you need to have a bank account to open a PayPal account. The reasoning for this is because PayPal pulls the money from your bank to make purchases.


What is withdrawal of bank account?

taking out money from your bank account because you want to use the money.


Can you use a municipal ID card to open a bank account?

Yes, you can use a municipal ID card to open a bank account.


What do you get when you open a bank account?

You get a bank account, of course. You can also get a card to use at machines so you can take money out.


My current bank account was closed and someone has been depositing money to it can the bank use this money for an outstanding loan?

my bank closed my account can i reopen the same account again


If I use the max on my debit how long before I use it again?

debit cards draw money out of your bank account. you can use it again when you bank account has money in it again.


How much does it cost to use a Bank of America ATM?

If someone has a bank account with Bank of America it is free to use the ATM.


What is the definition of current account?

A bank account that you use for daily purchases and other similar transactions. Not an account to use for saving.