2007-06-03 14:38:30 · 7 answers · asked by jonday_99 2 in Business & Finance ➔ Other - Business & Finance
They scam people and make money off them!!!!! (also they make money off the intrest people pay...... EX: you want a loan for a car, therefore you have to pay for thier intrest!!!!!) HOPE I HELPED!!!!!!!!
2007-06-03 14:44:14 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The take in deposits from people and make loans to other people and charge higher interest than they pay.
They also charge fees for services.
But the largest amount of money made by banks is in investing their deposits for high returns.
2007-06-03 21:43:01 · answer #2 · answered by Anonymous · 0⤊ 0⤋
By basically loaning the money you keep there at higher interest rates then what they pay you for keeping your money there, and banking fees.
2007-06-03 21:42:52 · answer #3 · answered by godwhatworks 3 · 0⤊ 0⤋
From your deposits, banks give out loans, fund big enterprises against higher interests than they give you on your deposits, charge fees on consignments that pass through banks for documentation and guarantee in big business, and then there is the mortgage sector.......oh, yes, it's good business, banking!
2007-06-03 21:43:59 · answer #4 · answered by swanjarvi 7 · 0⤊ 0⤋
By charging interest on loans, they also use the money you deposit with savings CD,s etc to invest.
2007-06-03 21:44:32 · answer #5 · answered by jmada05 4 · 0⤊ 0⤋
By overdraft fees
2007-06-03 22:11:04 · answer #6 · answered by Maggie 2 · 0⤊ 0⤋
interest, fees
2007-06-03 21:41:29 · answer #7 · answered by Anonymous · 1⤊ 0⤋