why we should go to bank?

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why we should go to bank?

2007-10-28 03:20:11 · 2 answers · asked by ayush s 1 in Business & Finance ➔ Investing

2 answers

Your question is very vague. We go to the bank for various reasons - to open checking or deposit accounts, to arrange for money transfers, to get loans, to get credit and debit cards, etc. Since your question is in the category of investing, I presume you want to know why we should invest our money in banks. Well, bank investments are usually much safer than investments in the stock market, or investments in real estate or bullion. For further queries, I suggest you visit a bank, and ask their officers to help you.

2007-10-28 03:34:07 · answer #1 · answered by Kalyansri 5 · 0⤊ 0⤋

Because your money is insured by the Feds up to $100,000 per account. FDIC(Federal Deposit Insurance Corp.)

2007-10-28 20:40:38 · answer #2 · answered by Irish 7 · 0⤊ 0⤋