answersLogoWhite

0

In the US, a bank is defined as a financial institutions which offers both deposit accounts and loans.

User Avatar

Wiki User

13y ago

What else can I help you with?

Related Questions

Why a bank is called a bank?

If consider the functionality or the roles in banking industry, only to very limited extend, there is nothing wrong to consider the Reserve Bank of India as Central Bank or Apex Bank with a connotation as Bankers' Bank. But, in these days, Reserve Bank of India is much more than these two terms.


Bank clerk terms and conditions?

what are the term and condition of bank clerk?


Why Central Bank is called A Pex Bank?

If consider the functionality or the roles in banking industry, only to very limited extend, there is nothing wrong to consider the Reserve Bank of India as Central Bank or Apex Bank with a connotation as Bankers' Bank. But, in these days, Reserve Bank of India is much more than these two terms.


When opening a bank account its important to review provided to you by your bank?

When opening a bank account, it is important to carefully review the terms and conditions provided by the bank. This will give you a clear understanding of the fees, interest rates, and any account limitations or requirements. Reviewing the documents will help you make an informed decision and avoid any surprises in the future.


What kinds of services does Affin Bank offer in terms of loans?

Affin Bank offers armed forces loans and corporate finance loans. Affin Bank is the smallest bank from Malaysia, in terms of the funds invested and on the annual revenue of the bank.


What was the oldest bank in Sri Lanka?

The largest bank in terms of asset base is Bank of Ceylon. But in terms of customer service centres is People's Bank


How do you write 8.52 in words?

Eight point fifty two or eight and fifty two hundredths.


Difference between bank loan and bank overdraft?

These two terms are different.For a bank overdraft, you should have an account with the bank and it is a limit on borrowing on a bank current account. With an overdraft the amount of borrowing may vary on a daily basis.A bank loan is a fixed amount for a fixed term with regular fixed repayments. The interest on a loan tends to be lower than an overdraft.


What is bank one an bank two which side?

What side is bank two chrysler 2.5


Why did my bank close my account with money in it?

Banks may close accounts for various reasons, such as suspected fraudulent activity, failure to comply with account terms, or a decision based on the bank's risk assessment. It's important to contact your bank directly to understand the specific reason for the account closure.


What is the opposite of withdrawal in banking terms?

In banking terms, withdrawal means the removal of money from a bank account. So the opposite is deposit, the adding of money to a bank account


Can you deposit a promissory note into your bank account?

Yes, you can deposit a promissory note into your bank account, but the process may vary by institution. Typically, the bank may require you to endorse the note and may need to evaluate its terms and validity. It's important to check with your bank for their specific policies regarding the acceptance of promissory notes as deposits.