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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 a?

Borrower ^ correct answer no cap :)


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 :)


When a customer opens a bank account the bank essentially becomes a?

depository


Do you get your bank card right away when you sign up for a bank account?

In most cases yes. Most Major Banks these days have the technical ability to issue a bank card to any customer who opens an account with them, on the very same day the customer opens his account. Even if due to some difficulty they are unable to issue the bank card, they will post it to your home address within the first 2 weeks of bank account opening.


How to Find a Savings Account That Pays Off?

Everyone wants enjoy the fruits of their labor and one way to do that is by finding a savings account that will pay. This is not say a savings account that has a high interest rate or incentive bonuses. Although those things are bonuses, there are other important things to consider when shopping for a savings account that will well suit the individual needs and pay off in a variety of ways.Step 1 - Shop around. Check with local banks as well as banks in surrounding communities about their savings accounts. Get brochures so that visible comparisons can be made instead of simply relying on word of mouth and memory. Most banks offer several different types of savings accounts. Some require a minimum deposit amount and may provide a higher rate of interest, while others may be just the opposite.Step 2 - Inquire about any fees not listed on paper. Some banking institutions whenever a certain amount of withdrawals have been made against a savings account in a certain time period. Other banks may charge a high dollar amount for cashing tax refund anticipation loans checks.Step 3 - Consider any bonuses that come with having a savings account. Many banks will give away free items such as tote bags or small appliances when a customer opens a new savings account or is a new customer at the location. Other banks offer specialty services to savings account customers which may depend on which type of savings account opened. Examples of these services may include fax and photo copy services, free or discounted costs on purchasing money orders, or coin counting services.Step 4 - Inquire to see if the bank offers ATM cards for accessing savings accounts. This can be an extremely valuable service, especially for emergencies after normal banking hours.Step 5 - Find out if the financial institution offers direct deposit services, ATM deposit availability, or an after hours night deposit box available.Step 6 - Consider the location of the bank and its branches. Driving to another town frequently could become a hassle if regular deposits and withdrawals are going to be made.


How can you find the best savings interest rates?

At the present time, most savings rates are about equal. The best way to check rates is to contact various banks and make an inquiry. Sometimes a bank will offer a higher rate than normal if a consumer uses other services in addition to a savings account. For example, if one opens a car loan the bank might give a higher rate.


What if an ex start using name with out permission or if she opens any account's in your last name can you be held liable?

If she opens an account with her first and your last name, you would not be liable. If she opens an account with your first and last name, you may be liable, especially if she uses your SS#. If you have reason to believe this has happened, contact the bank and report the fraud.


Should I Open a Savings Account?

Banking and one's financial stability are two entities that go hand in hand. Financial institutions help many people grow their wealth in a number of ways and establish useful strategies to reach both short term and long term financial goals. One of the most popular and traditional ways for one to start saving for the future is to open a savings account in one of the many major banks. Savings accounts are the best way for one to start some type of plan for reaching long term goals. Not only do savings accounts help families and individuals save for long term goals such as the purchase of a car or new home, but it also pays interest on the amount of money that is held in the bank's trust. There are many types of savings accounts one can choose from when he or she decides to begin saving for the future. However, the most basic savings accounts are far more easier to manage and track. A simple savings account from a major bank will allow the person to set aside money in a separate account that is to go untouched for a due amount of time. Unlike checking accounts, savings accounts usually have no checks or debit cards that accompany that particular account. Savings accounts cannot be accessed like a checking account, and there are many savings accounts that penalize those who withdraw money from the account. Most of the savings accounts that accrue penalties for withdrawals are high interest savings accounts, which normally have a due amount of time that a person must wait to withdraw his or her money. High interest savings accounts pay the person who opens the checking account a higher interest rate than other savings accounts. For this reason, he or she may not be able to withdraw his or her money for up to six months without a penalty. These types of savings accounts have often been compared to CD's and money market accounts although there are many ways in which these accounts differ. Find the Best Rate For those people who know he or she will be able to keep their hands away from their savings account, he or she should find the bank with the highest interest rate. By reading all of the rules and regulations on the savings account, many will find this the best way to begin saving for the future.