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: 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…

Answered: How to do the renewal of my fixed deposit account?

You can give new maturity instructions to DBS Bank a week prior to the maturity date. In case you have failed to do so, they will do the automatic renewal with the prevailing interest rates. Mouth of word has played a significant role in the fixed deposit promotion of DBS Bank.
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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.

Which is the best credit card in Singapore for Womens?

Hi, there are many attractive credit cards available, especially for mothers in Singapore. I have taken a Maybank Platinum Visa Card which comes with great offers on shopping and dining.

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.

I want to open an account with the bank that offers effective banking

It’s the Emirates NBD Bank, a leading banking franchise in UAE. It has around 149 branches, more than 720 ATMs and CDMs. It offers a range of banking service with easy accessibility and great customer support. I recommend watching this Emirates NBD video which gives you more details.