What is a Bank Account?

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What is a Bank Account?

 What is a Bank Account?

A bank account is a financial account with a banking company in which

transactions between the customer and the bank and the final financial situation

bank customer. This is an agreement whereby you can place your deposit under

custody of your bank or depository financial institutions. Bank as financier

intermediaries direct these funds to productive resources, and banks can pay a fee

the profit they earn on your deposits. Bank accounts can help you manage your daily life


What is a Bank Account?

Types of Bank Accounts

Banking institutions may offer a wide range of bank account types. Study differently

account categories, you can choose the options that suit your personal needs.

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