Commercial bank activities
- Created by: laurajohnson99
- Created on: 30-05-14 20:10
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- Commercial Bank Activities
- Keep money safe
- (deposit accounts (+interest))
- Bank pays you money
- (current accounts - day to day spending/debit card)
- (deposit accounts (+interest))
- Transfer of money and payment
- (standing order, you tell the bank to pay a specified amount to the same person every month)
- You allow a company to take money from your account to pay their bills
- They lend money
- To people and companies
- - Loan, paid back over a few years
- Small accounts, credit cards, mortgages etc
- To people and companies
- Keep money safe
- They lend money
- To people and companies
- - Loan, paid back over a few years
- Small accounts, credit cards, mortgages etc
- To people and companies
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