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Well, darling, a bank is different from any other business because it holds people's money, not just selling products or services. Plus, they have to follow a whole bunch of pesky government regulations to make sure they don't mess up handling all that dough. So, while other businesses are out there trying to make a profit, banks are busy playing it safe with other people's cash.
What else can I help you with?
In what way is a bank like any other business?
Operates to earn a profit.
How is Grameen Bank different from other banks?
Grameen Bank is different because it is based on trust. The bank doesn't require any collateral from it's borrowers, nor does it take any borrower to court for non-payment.
Where can one open a business savings account?
Business savings accounts can be opened at any normal bank that the customer does their private business with. If there are any special requirements, one could use a bank that does business accounts specifically.
Where or how can you find a private lender willing to lend to individuals?
If you have a good investment idea, then, your local bank will listen to your business idea. If your idea is good then the bank will help you. Why would the private investor take any different risk from your bank ?
Who is a customer for a bank?
Any person or business wishing to deposit money, or borrow money, or to convert money into a different form of currency, is potentially a customer for a bank.A Customer for a bank is a person who does some business with the bank. The business could be anything like:Depositing cashHolding accountsWithdrawing cashUse debit or credit cardsForeign Exchange conversionsInsurance needsStock Trading requirementsetc
In what way is a bank like any other business?
Operates to earn a profit.
How is Grameen Bank different from other banks?
Grameen Bank is different because it is based on trust. The bank doesn't require any collateral from it's borrowers, nor does it take any borrower to court for non-payment.
Where can one open a business savings account?
Business savings accounts can be opened at any normal bank that the customer does their private business with. If there are any special requirements, one could use a bank that does business accounts specifically.
Where or how can you find a private lender willing to lend to individuals?
If you have a good investment idea, then, your local bank will listen to your business idea. If your idea is good then the bank will help you. Why would the private investor take any different risk from your bank ?
What is on hand?
Cash on Hand is the value of the contents of your Petty Cash Box and any other actual cash belonging to your business that has not yet been lodged to the business Bank Account.
Who is a customer for a bank?
Any person or business wishing to deposit money, or borrow money, or to convert money into a different form of currency, is potentially a customer for a bank.A Customer for a bank is a person who does some business with the bank. The business could be anything like:Depositing cashHolding accountsWithdrawing cashUse debit or credit cardsForeign Exchange conversionsInsurance needsStock Trading requirementsetc
What is cash on hand?
Cash on Hand is the value of the contents of your Petty Cash Box and any other actual cash belonging to your business that has not yet been lodged to the business Bank Account.
How can I open a bank account with an EIN number?
To open a bank account with an EIN number, you will need to contact the bank of your choice and provide them with your EIN number, along with any other required documentation such as identification and business formation documents. The bank will guide you through the process of opening the account specifically for your business using the EIN number.
Why would one need a bank reconciliation?
A Bank reconciliation exists to compare accounting records and what is in a person's bank statement. This is to help the bank make sure there are no discrepancies in the bank account including checks not written properly.
How do you obtain a business license in Georgia?
The same way you do in any other state. You go to the local city hall where the business is to be based and apply for a business license, cost is usually under $100 depending on the size of your business. Next you need to go to a bank of your choice and open a business checking account, the bank will advise the procedure, goodluck. Sincerely, Val
What does Small Business Banking Mean?
Small business banking in general terms is just like any other type of banking, just on a smaller scale. It provides the same type needs found in any other bank without the intimidation of being a large company.
Why is customer service important to banks?
I present customer service seminars. Very simply, any time you are dealing with people whether at a bank or anywhere else, customer service is very important. The "Golden Rule" always applies. A bank is not really any different in many ways from any other service. In it's basic sense, forget about a bank or as someone at a bank; think of yourself giving an allowance to your child; someone who you love and translate that now to a higher business type level.
