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Agreed, I think it would make most sense to keep it really simple for now. So like a checking account at heart. No loans or anything like that. I think that's w
by niallpaterson 13y ago
Agreed, I think it would make most sense to keep it really simple for now. So like a checking account at heart. No loans or anything like that. I think that's what most people would need - if you need a savings account you don't need an accessible online back.
- stephenbez 13y agoSo what does the bank do with all of this money that people deposit if they don't make loans. From http://money.howstuffworks.com/personal-finance/banking/bank1.htm http://money.howstuffworks.com/personal-finance/banking/bank...: Banks accept deposits and make loans and derive a profit from the difference in the interest rates paid and charged, respectively.