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To insure your money. You could keep all your money somewhere else, but if you are robbed or something such as a fire were to occur, the money would be gone for good, where as a bank, even if it's robbed, acknowledges how much money you have.
Its not only for insuring purpose, but also providing Loans for Customers is its Main task.
Banks serve the public as a secure repository for monetary wealth, and to facilitate and document transactions thereof.
What else can I help you with?
Why commercial banks need liquidity?
Commercial banks, just like all other plants, need nutrition to survive. Water is a good way of providing commercial banks with the vitamins they need.
Do you need notaries in banks?
They come in very handy, but banks are not required to have a notary available.
What banks with bad credit will give car loans?
i need banks that will give car loans with a beacon score under 540 score
What are the reasons for privatization of banks?
Banks have always been private. The government only wants control of them as of late. Banks did receive public insurance because of the run during the depression, but they have always been private, never a need to privatize.
Why banks cant close for more than 3 days in a row?
Banks do not close for more than three days in a row because people have banking that they need to get done. It is hard enough when banks are closed for three days.
Why commercial banks need liquidity?
Commercial banks, just like all other plants, need nutrition to survive. Water is a good way of providing commercial banks with the vitamins they need.
Who may need factoring services?
banks
Do you need notaries in banks?
They come in very handy, but banks are not required to have a notary available.
what banks do i qualify for?
Normally if you are 18 or older you do not need to qualify to become a customer of a bank. Some banks (investment banks) do not do consumer accounts.
Why banks have not eliminated the need for the money markets.?
Banks ARE the money markets. They are hardly likely to eliminate themselves.
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.
What are the main staples that emergency food banks offer to those who need them?
The main staples that emergency food banks offer to those who need them is a 100 coupon
How can you send a private email to Tyrqa Banks?
i need Hugh Hefner (playboy) & tyra banks contact addresses pls
Top 10 banks in the world?
You need to define how you classify them. Assets. Customers. Deals etc. There are different types of banks.
How do you prepare a balancesheet in banks?
i need chaking my accaunt belenc
What do you need a gun for in stick RPG?
Robbing banks/stores
Where can banks in need of reserves borrow funds from, either from the Federal Reserve or in the federal funds market?
Banks in need of reserves can borrow funds from either the Federal Reserve or in the federal funds market.
