answersLogoWhite

0

Banks are needed to keep our money safe. And to store currency. it is not convenient for people to store large sums of money in cash at one location

User Avatar

Wiki User

13y ago

What else can I help you with?

Related Questions

What credentials are needed at banks?

the credentials needed to cash a check are usually your credit card and drivers licence.


Did ancient Greeks have banks?

no they swallowed all of ther money and when they needed it they used the bathroom


What are the documents require for banks and office?

Each individual bank will have their own requirements of the documents needed. Proof of employment is a common document needed.


Do you need blood banks?

There are many people who would not be alive if blood banks were not established and on hand to supply the needed donations of blood, and continue to require a new transfusion fairly often; they certainly need blood banks.


Why were banks created in medieval England?

Merchants needed a place to exchange currency from other countries.


Why did Obama need to save the big banks from bankruptcy?

Obama needed to because if he did not, the large banks could have died, causing a large economic crisis. He was trying to protect the economy.


For what are BSB Numbers used?

BSB Numbers are used in banks which protect your account identity. You should keep these numbers in a safe place as it is needed for banks to identify who you are and what account is yours.


Which banks specialize in small business loans?

Most small, hometown banks specialize in small business loans. Due to the fact that they are more tied to their community, they are willing to take into consideration businesses that may not pass the criteria needed for bigger banks.


Cause bank failures in the 1930s?

The stock market crashes, and led to people taking out their stocks. This then led to unemployment, and people needed money so they took everything out of their banks. This then led to the banks failing.


Is there a minimimum amount of money needed to open an account online with lloydstsb?

Yes there is a minimum amount of money needed to open an account online with lloydstsb. With most banks, a minimum required balance is needed to open any sort of account.


What is the swift code for Bank of America in Massachusetts?

SWIFT codes are used for identifying banks branches, the codes are needed when moving money between banks. The SWIFT code for the Bank Of America Boston, MA branch is BOFAUSV1UST.


What is the meaning of 'swift code'?

SWIFT is an identification code for all legal banks in the world. It is needed for all International Wire Transfers.