what is the advantage& disadvantage of banking?

Answer 1

The biggest advantages (of banking within the branch) are:
** Making personal contacts and relationships with the staff.
This is great if you want to borrow money at some point.
** Customer service is more satisfying in perosn to person
banking.

The biggest disadvantages I can think of are:
** Time spent waiting in queues
** Restricted banking hours (as opposed to 24/7, seven days a
week on the internet or phone banking)

Answer 2

I think I'm going to approach this from the owner/shareholder point of view, simply to be contrarian.

Banking is a great business model, because of the FDIC you're able to lend out 52 USD for every one dollar in assets you own.

You're able to hedge risk by diversifying your portfolio into different credit levels of borrowers. D paper to A paper. Each has it's own level of liquidity, risk, and measurable rate of return (ROR).

It's much easier to attract private investors and in case of a default on a loan you can always sell the mortgage note back on the secondary market.

The biggest disadvantage is the increased competition and entry level to start a bank, but if you're able to stake out a decent niche there's plenty of money to be made.

Plenty.

Answer 3

advantages are you get to keep your money in a safe place. disadvatages are if you overcharge, they charge you at least $25.

Answer 4

well you arn't likely to get an std