Importance of Banking

About banking

1. IMPORTANCE OF BANKING Christy Lee

2. Reasons for why we need a financial institutions: Safety of money Interest paid on your savings Make payments through cheques Use debit cards Ability to invest and save money Become eligible for loans, mortgages, and credit cards Financial Institutions

3. When you select a saving account, you need to consider: Interest rates Fees Balance requirements Deposit insurance Be aware of investment frauds Saving Accounts

4. I learned that knowing how to bank is important because it helps you manage and have control of your own money by loaning money, accepting deposits, and having investments. Conclusion