Banks

Bank is financial institution that provides banking and other financial services. It is an institution that holds a banking license.

The word band derived from the Italian banca. This word derived from German and means bench. Typically, a bank generates profits from transaction fees on financial services or the interest from a loan. The type of services offered by bank depend on the type of bank and the country. However, bank services usually include lending out money to companies and individuals, issuing checking and saving accounts, chasing check, facilitating money transactions such as wire transfer, issuing credit cards, ATM, debit cards, and also storing valuable things in safe deposit boxes.