How does a banking work?
Posted on July 24th, 2009 by admin
Banking
Im 18 yrs old and im planning to open a account. But i dont know how banking works. i dont want to ask my parents about banking because i want to surprise them. Pls explain in simple terms how a bank works.
Im 18 yrs old and im planning to open a account. But i dont know how banking works. i dont want to ask my parents about banking because i want to surprise them. Pls explain in simple terms how a bank works.
Filed under: Credit
The link below has alot of good information. Best of luck.
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to open an account, you must deposit and maintain a certain amount of money at the bank. as time goes the money would grow through the interest it gives.
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Read this book: “Personal Finance For Dummies.” It has all sorts of info such as what you’re asking.