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

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Explore the latest questions and answers related to "what does the bank or credit union do with the money that is deposited?"

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: 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: 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…

Answered: 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.

Answered: Which bank in UAE offers good features and benefits on internet

I second that, Emirates NBD has one of the most user-friendly and comprehensive online banking platforms. It gives you a wide options of bills, services to pay for, which ends up saving you alot of time.
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Can i apply for credit card online?..

yes you can apply online credit card i suggest one website it is providing all banks like - ICICI, CITI Bank, HDFC, AXIS, American Express, Indusind Bank and more banks they used to provide check here - http://www.bankbazaar.com/credit-card.html Hope that helps you.

Any bank providing best credit card?

If you’re looking for a suitable credit card , then you should check with POSB. POSB credit cards come with various promotional offers and facilities that are beneficial to users…you may want to visit the bank's website to get more info on the same…

What are the credit card options available in Dubai for shopping on

I purchase a lot of products online and hence I use Emirates NBD Bank’s “Webshopper card”. It offers me flexibility and security on using my credit card online. It’s a secure options and comes with SMS notifications on withdrawals. I suggest checking with the bank for more details. They offer a ...

Are there any banks in Dubai which offer a NRI account?

Emirates NBD bank is one of the leading banks in Dubai and offers NRI account to non-residents. You can easily open an account with minimum balance. They also offer attractive interest rates, various other benefits and online banking facilities. Check with the bank for more info.