2007-03-27 20:46:27 · 5 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Banks make profits by collecting fees for the services they provide...for example, wire transfer fees, money orders, cashiers checks, monthly checking account fees, quarterly savings account fees, annual IRA maintenance fees, etc...
2007-03-27 20:58:56 · answer #1 · answered by Bridgets Blind 4 · 0⤊ 0⤋
By coming to our schools when we were young and saying "put all your money into the bank to keep it safe, and also we will give u 5% interest if ure lucky"..then they go off and invest our money and make returns of at least 20%.
2007-03-27 20:53:40 · answer #2 · answered by billjoio28 2 · 0⤊ 0⤋
Mainly: by 'ripping off' lenders with interest and other bank charges.
2007-03-27 20:55:26 · answer #3 · answered by ♥zene purrs♥ 6 · 0⤊ 0⤋
From interest on loans, from check printing fees, from overdraft charges, etc...
2007-03-27 20:55:20 · answer #4 · answered by lyllyan 6 · 0⤊ 0⤋
get money from one who has...and lend it to someone who doesnt..
Chris
www.forexaim.com
2007-03-28 04:41:01 · answer #5 · answered by Anonymous · 0⤊ 0⤋