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  2. Commercial bank - Wikipedia

    en.wikipedia.org/wiki/Commercial_bank

    A commercial bank is a financial institution that accepts deposits from the public and gives loans for the purposes of consumption and investment to make a profit. It can also refer to a bank or a division of a larger bank that deals with corporations or large or middle-sized businesses, to differentiate from retail banks and investment banks .

  3. Bank account - Wikipedia

    en.wikipedia.org/wiki/Bank_account

    1967 Letter from the Midland Bank to a customer, Mr. … , informing him on the introduction on electronic data processing and on account numbers for current accounts. A bank account is a financial account maintained by a bank or other financial institution in which the financial transactions between the bank

  4. Bank - Wikipedia

    en.wikipedia.org/wiki/Bank

    The bank account balance is the financial position between the bank and the customer: when the account is in credit, the bank owes the balance to the customer; when the account is overdrawn, the customer owes the balance to the bank.

  5. Financial services - Wikipedia

    en.wikipedia.org/wiki/Financial_services

    A commercial bank is what is commonly referred to as simply a bank. The term "commercial" is used to distinguish it from an investment bank, a type of financial services entity which instead of lending money directly to a business, helps businesses raise money from other firms in the form of bonds (debt) or share capital (equity).

  6. Deposit account - Wikipedia

    en.wikipedia.org/wiki/Deposit_account

    For example, if a bank in the United States makes a loan to a customer by depositing the loan proceeds in that customer's checking account, the bank typically records this event by debiting an asset account on the bank's books (called loans receivable or some similar name) and credits the deposit liability or checking account of the customer on ...

  7. Looking to open a business bank account? 7 things you may ...

    www.aol.com/finance/looking-open-business-bank...

    Opening a business bank account can be simple when you have the proper documentation on hand. The bank will likely need your ID, proof of business formation and a form for each beneficial owner of ...

  8. Demand deposit - Wikipedia

    en.wikipedia.org/wiki/Demand_deposit

    Demand deposits or checkbook money are funds held in demand accounts in commercial banks. These account balances are usually considered money and form the greater part of the narrowly defined money supply of a country. Simply put, these are deposits in the bank that can be withdrawn on demand, without any prior notice.

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