A corporation empowered to deal with cash, domestic and foreign, and to receive the deposits of money and to loan those monies to third-parties.
A bank is an establishment or institution where individuals can go to handle their finances. Banks primarily make their money by lending money to their customers and charging interest on the money borrowed. Banks can also collect money from their customers when they charge fees for the use of their ATMs, fees for accounts under their minimum balance, and fees for overdrawing an account.
A bank is an establishment or institution where individuals can go to handle their finances. Banks primarily make their money by lending money to their customers and charging interest on the money borrowed. Banks can also collect money from their customers when they charge fees for the use of their ATMs, fees for accounts under their minimum balance, and fees for overdrawing an account.