Posts Tagged ‘Deposit’
The Bank has moved in recent times become part of our lives. It is an intermediary who is responsible for receiving money as deposits, lending it at and also provide financial services. In most countries as an institution is considered paramount, since without the services that we provide these banks, we would be unable to develop such a state of microeconomics.
The basic operations that we may offer a bank operations are divided into passive and active operations. Sign in those identified as debit transactions are normally:
* Current accounts: is a contract where the cardholder makes banking income funds. With a current account deposits may have immediately admitted through checkbooks, ATM or frame or window bank.
* Savings accounts or passbooks, a regular deposit to the view (product liability), in which funds deposited by the account holder will have immediate availability and profitability or generate some interest for a period determined by the amount saved
* Time deposit: it is a financial transaction whereby a financial institution in exchange for the maintenance of certain fixed monetary resources a given period, financial reports a fixed or variable cost, in money or in kind. Read the rest of this entry »