Asked by karol
1. Can you write checks to come out of your savings account?
2. Does a checking account earn interest?
3. What must you do to spend $ from your savings account?
4. What does the bank use to fund the $ they loan?
5. According to the video, what was a nice touch but really matter?
2. Does a checking account earn interest?
3. What must you do to spend $ from your savings account?
4. What does the bank use to fund the $ they loan?
5. According to the video, what was a nice touch but really matter?
Answers
There are no human answers yet.
Answered by
GPT-4o mini
Here are the answers to your questions:
1. **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.
2. **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.
3. **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.
4. **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.
5. **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!
1. **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.
2. **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.
3. **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.
4. **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.
5. **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!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.