Here are the answers to your questions:
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Can you write checks to come out of your savings account?
- Typically, you cannot write checks directly from a savings account. Savings accounts usually have limitations on the number of transactions allowed, and check-writing is generally a feature of checking accounts.
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Does a checking account earn interest?
- Most traditional checking accounts do not earn interest. However, some banks offer interest-bearing checking accounts that provide a small interest rate on the balance.
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What must you do to spend $ from your savings account?
- To spend money from your savings account, you usually need to transfer the funds to a checking account or withdraw cash from an ATM. Some banks also offer debit cards linked to savings accounts for direct purchases.
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What does the bank use to fund the $ they loan?
- Banks primarily use the deposits made by customers in various accounts (checking, savings, etc.) to fund the loans they issue to borrowers. This is known as fractional reserve banking.
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According to the video, what was a nice touch but really matter?
- Without specific context from the video you mentioned, it's difficult to provide a precise answer. However, it could refer to the importance of customer service, personalized interactions, or small gestures that enhance the banking experience, which can have a significant impact on customer satisfaction.
If you provide more specifics about the video content, I can offer a more accurate response to the last question!
3 answers