How Does a Bank Function?

Answer

A bank is an organization that allows their customers to keep, borrow and exchange money. In case customer needs to deposit some money the customer goes to the bank with money and fills the deposit form with the details of the amount of money he or she intends to deposit and gives it into the cashier. If it is withdrawing money can be withdrawn over the counter or through the ATM. To borrow money the customer also visits the bank and intention to borrow money. The transaction is carried to verify the customer’s credit worthiness and if the customer deserves the money he or she is issued.
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Ask.com Answer for: how does a bank function
How Banks Work
How Banks Work
The funny thing about how a bank works is that it functions because of our trust. We give a bank our money to keep it safe for us, and then the bank turns around... More »
Source: www.howstuffworks.com
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