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 policy question

The credit union might have your picture on their screen as well as your name. They might not ask for further identification if you are making a deposit. If you ask for a withdrawal, they might ask for your ID.

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: Which bank can help me get a credit card?

MY TESTIMONY FROM A LEGITIMATE MONEY LENDER Have you been looking for a loan?Do you need an urgent personal or business loan?contact Dennis Hopkins Finance Home he help me with a loan of $300.000 some days ago after been scammed of $2500 from a woman claiming to been a loan lender but i thank God ...

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 services catered by banks in UAE?

UAE banks provide all leading services to their clients. ADCB in UAE provide investment banking, mobile banking and bank online services for ease of banking. Visit for more details http://www.adcb.com/

Answered: What are the benefits of current account in this bank?

Managing financial transaction and covering assets is now easy with checking account of banks. You will get an international debit card and different benefits like Cheque book, overdraft facility and bill payment facilities.
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Which firm offers the best credit cards in UAE?

Simply Life gives you the best credit card offers in UAE. When you acquire a new credit card with Simply Life, you can earn cash back and discounts while using it! Go online to find out more about this firm's services. http://simplylife.ae/special-offers.html

Can I pay bill online if I have internet banking?

Sure. That's the main idea of "internet banking": No need to come to the bank to pay bills etc.

My sister needs to open a bank account in UAE, do you know where I can

Your sister should consult Emirates NBD for your bank account in UAE. They offer the most affordable rates for loans and the highest interest when it comes to your savings account. To find out more information, go online! http://m.emiratesnbd.com/enbdmobile/index.cfm/products/accounts/

Where can I conduct banking online?

You can conduct banking online with Emirates NBD. They have online banking features for you, so that you can enjoy the convenience of implemeting all your banking transactions from the comfort of your own home. http://www.emiratesnbd.com/en/personal-banking/ways-of-banking/online-banking/