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How does a banking work?
September 13th, 2009
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.
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.
September 13th, 2009
The link below has alot of good information. Best of luck.
References :
http://banking.about.com/od/openanaccount/f/openbankaccount.htm
September 13th, 2009
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.
References :
September 13th, 2009
Read this book: "Personal Finance For Dummies." It has all sorts of info such as what you’re asking.
References :