what does the bank or credit union do with the money that is deposited?

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Answered: Credit union or bank?

The best way to decide what account to open is go through the online business bank account reviews that are available. This article provides a list of all the places you can go through the reviews of banks that offer business checking accounts. The best places online to look at reviews of business ...

Answered: When you deposit money in the bank ...

Nanny has it right. Your money is now the bank's money to lend. You have a claim on the bank's assets, and in ordinary circumstances you will be able to get back the amount you deposited. But the bank's cash reserve is only about 5% of the deposits. If there is a run on the bank, they might ...

Answered: I want to register myself for mobile banking services, I already have a

Mobile banking services can easily be availed if you already have a credit card of the bank. You would need to log in to the site, give in your account number, credit card number and your card expiry date. Your mobile will receive an authentication number which you would have to type in and you are ...

Answered: What are the exciting credit card offers do we have in UAE Banks?

You can find objective information and compare credit cards from 27 UAE banks here .

Answered: Bank for guidance?

DBS Bank provides advice on tax saving fixed deposits within a couple of days after thoroughly analyzing your documents. You can also fix a meeting with one of its relationship manager to solve your queries and take free of charge guidance. DBS Bank has experienced and technically sound financial ...

Answered: I won some money, which safe deposit box is best?

Why would you want to put it in a safe deposit box? Its more for things like jewelry, important documents, etc. I would suggest you invest or deposit it into a bank; at least the fixed deposit rates can earn you some interest…
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I’m about open a bank account in UAE. Which are the most important

Opt for Emirates NBD Bank. They offer variety of credit cards with different privileges and benefits. I am using their “Infinite credit card” which comes with benefits of Airport lounge access, health club privileges, rewards, visa benefits and more. I’d recommend you to visit the bank website for ...

I feel it is good to avail international banking facility in the

Yes, you’re right. International banking facility helps immensely in growing the business. As per my knowledge Emirates NBD bank offers international banking. Hence, I would advise you to check with the bank for further details and criteria.

Need to open accounts for my organization. Which bank can give good

When I was searching for banks to open my corporate accounts , someone suggested DBS and it came out to be a good choice. They have good account managers who help you out with everything. The services offered are also good. You can also check with them.

Will DBS be a good option to have my Company's treasury deposit with?

DBS Bank can be a good option for a treasury deposit, especially if you wish to get attractive interest rates and other business related services too. We have our company bank account with them and the management is pleased with the services offered. Check with them for more details.