How does a banking work?


banking
wizard101z asked:


Im 18 yrs old and im planning to open a account. But i dont know how banking works. i dont want to ask my parents about banking because i want to surprise them. Pls explain in simple terms how a bank works.

This entry was posted on Wednesday, April 22nd, 2009 at 12:00 am and is filed under Credit. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

3 Responses to “How does a banking work?”

  1. american girl Says:

    The link below has alot of good information. Best of luck.

  2. carlo Says:

    to open an account, you must deposit and maintain a certain amount of money at the bank. as time goes the money would grow through the interest it gives.

  3. src50 Says:

    Read this book: “Personal Finance For Dummies.” It has all sorts of info such as what you’re asking.

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