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What are the usefulness of banks?
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[QUOTE="Jamoflondon, post: 205398, member: 48591"] As we all know what banks are basically created for but it still does not mean that they can be used for other means as well. I can say that here are some of the advantages of having a bank account. 1. To save money 2. To save properties or documents 3. To get loans 1. To save money: This is common to the extent that if you ask a kid what banks are made for, the kid will surely tell you that it is meant for saving money. So any educated or exposed person will surely know about this even if you are from the rural area. 2. To save properties or documents: This is something called deposit box and I think that almost every bank has it. If you want to save your properties like expensive jewelries, gold, and also important documents even flash drive that you think that it contains very vital informations can also be kept there. 3. To get loans: Incase you do not know before, you should know this now that banks do give people loans, but the type you will be offered are usually secured loan which means that you will have a collateral, this always something that will be worth the amount of loan you borrowed in financial value. [/QUOTE]
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