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Borrower
^ correct answer no cap :)
What else can I help you with?
When a customer opens a bank savings account the bank essentially becomes a(n)?
borrower
When a customer opens a bank savings account the bank essentially becomes?
Borrower ^ correct answer no cap :)
When a customer opens a bank savings account the bank essentially becomes a(n) .?
borrower
When a customer opens a bank savings account the bank essentially becomes a what?
Borrower ^ correct answer no cap :)
A customer who opens a savings account at a bank in turn becomes a?
a lender
When a customer opens a bank savings account the bank essentially becomes a(n)?
borrower
When a customer opens a bank savings account the bank essentially becomes?
Borrower ^ correct answer no cap :)
When a customer opens a bank savings account the bank essentially becomes a(n) .?
borrower
When a customer opens a bank savings account the bank essentially becomes a what?
Borrower ^ correct answer no cap :)
A customer who opens a savings account at a bank in turn becomes a?
a lender
When a customer opens a savings account the bank becomes what?
When a customer opens a savings account, the bank becomes a custodian of the customer's funds, responsible for holding and managing those deposits. The bank also enters into a financial relationship with the customer, offering interest on the savings while using the deposited funds for lending and investment purposes. This relationship establishes trust and facilitates financial growth for both the customer and the bank.
What a customer who opens a savings account at a bank becomes what?
A customer who opens a savings account at a bank becomes a depositor. This individual entrusts their funds to the bank, which may earn interest over time. Additionally, they gain access to various banking services and resources, such as online banking, financial advice, and the ability to manage their savings effectively.
Is a share account also known as a checking account?
No. A share account is essentially a savings account...
What do banks pay to their savings account customer?
Interest
What is an internet savings account?
"They have becomes duds, they use to be savings you can just deposit money in and they will act likes a regular bank account. but now they are gone.So long internet savings."
What are the Savings Account fees for Lloyds Online Banking?
Lloyds Online Banking offers savings accounts for free if you meet certain requirements, such as the amount deposited in your account. Contact customer service of LOB if you qualify for a savings account with no fees.
How much money do you need to open a savings account with citibank?
At Citibank, a customer needs to only supply $100 to open a savings account with and they don't even need to have a preexisting checking account with the bank.
