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A bank is a business that accepts deposits and makes loans.
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Curriculum node for What Banks Do. Full lesson content is created and versioned separately.
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A bank is a business that accepts deposits and makes loans.
Deposits are funds customers place with a bank that the bank is obligated to repay according to the account terms.
supportedDeposits are a primary funding source for most banks and are used mainly to fund loans and investments.
supportedBanks provide transaction services that can include checking accounts, cash withdrawals, bill payment, electronic transfers, and mobile or online account access.
supportedBanks participate in electronic payment processing, including ACH payments between originating and receiving depository institutions.
supportedBank lending can include consumer credit products such as mortgages, credit cards, and installment loans.
supportedThe specific accounts and services available vary by bank and may include different combinations of deposit, payment, lending, and digital-banking services.
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