Amazines Free Article Archive
www.amazines.com - Tuesday, November 29, 2022
Read about the most recent changes and happenings at Amazines.com
Log into your account or register as a new author. Start submitting your articles right now!
Search our database for articles.
Subscribe to receive articles emailed straight to your email account. You may choose multiple categories.
View our newest articles submitted by our authors.
View our most top rated articles rated by our visitors.
* Please note that this is NOT the ARTICLE manager
Add a new EZINE, or manage your EZINE submission.
Add fresh, free web content to your site such as newest articles, web tools, and quotes with a single piece of code!
Home What's New? Submit/Manage Articles Latest Posts Top Rated Article Search
Google
Subscriptions Manage Ezines
CATEGORIES
 Article Archive
 Advertising (133534)
 Advice (161588)
 Affiliate Programs (34788)
 Art and Culture (73844)
 Automotive (145688)
 Blogs (75485)
 Boating (9851)
 Books (17221)
 Buddhism (4129)
 Business (1330228)
 Business News (426438)
 Business Opportunities (366495)
 Camping (10971)
 Career (72788)
 Christianity (15846)
 Collecting (11639)
 Communication (115082)
 Computers (241935)
 Construction (38959)
 Consumer (49948)
 Cooking (17079)
 Copywriting (6732)
 Crafts (18205)
 Cuisine (7549)
 Current Affairs (20308)
 Dating (45904)
 EBooks (19702)
 E-Commerce (48250)
 Education (185425)
 Electronics (83519)
 Email (6439)
 Entertainment (159838)
 Environment (28927)
 Ezine (3040)
 Ezine Publishing (5452)
 Ezine Sites (1550)
 Family & Parenting (110959)
 Fashion & Cosmetics (196563)
 Female Entrepreneurs (11852)
 Feng Shui (133)
 Finance & Investment (310585)
 Fitness (106443)
 Food & Beverages (63015)
 Free Web Resources (7939)
 Gambling (30227)
 Gardening (25194)
 Government (10513)
 Health (629960)
 Hinduism (2206)
 Hobbies (44080)
 Home Business (91593)
 Home Improvement (251164)
 Home Repair (46221)
 Humor (4718)
 Import - Export (5456)
 Insurance (45104)
 Interior Design (29600)
 International Property (3488)
 Internet (191021)
 Internet Marketing (146681)
 Investment (22859)
 Islam (1161)
 Judaism (1352)
 Law (80464)
 Link Popularity (4596)
 Manufacturing (20905)
 Marketing (99288)
 MLM (14140)
 Motivation (18233)
 Music (26999)
 New to the Internet (9497)
 Non-Profit Organizations (4048)
 Online Shopping (129730)
 Organizing (7810)
 Party Ideas (11854)
 Pets (38106)
 Poetry (2229)
 Press Release (12687)
 Public Speaking (5641)
 Publishing (7565)
 Quotes (2407)
 Real Estate (126628)
 Recreation & Leisure (95468)
 Relationships (87654)
 Research (16181)
 Sales (80347)
 Science & Technology (110283)
 Search Engines (23509)
 Self Improvement (153286)
 Seniors (6218)
 Sexuality (35999)
 Small Business (49294)
 Software (83019)
 Spiritual (23485)
 Sports (116152)
 Tax (7662)
 Telecommuting (34073)
 Travel & Tourism (308206)
 UK Property Investment (3122)
 Video Games (13382)
 Web Traffic (11774)
 Website Design (56909)
 Website Promotion (36644)
 World News (1000+)
 Writing (35840)
Author Spotlight
NOEL IRELAND

You will feel a different sort of happiness as you associate yourself with any animal, you will be a...more
JIM TURNER

Jim Turner is a USA based author of Legal issues related to estate planning, will & trust , business...more
MANMOHAN SINGH

Digital marketing professional with 8 years of experience. A good listner, Stratgist and fun loving ...more
GRAEME DIXON

About Octopus Intelligence We provide greater certainty with excellent global Commercial Compe...more
ALEN OWEN

I am an essay writer with vast experience in data analysis, PowerPoint writing and research paper ed...more


How Do Banks Make Money? by Andrew Stratton





How Do Banks Make Money? by
Article Posted: 06/05/2014
Article Views: 183
Articles Written: 5522
Word Count: 447
Article Votes: 0
AddThis Social Bookmark Button

How Do Banks Make Money?


 
Business
Unless you keep your money in a jar under your bed or a safe, you probably utilize the services of a financial institution. We rely on banks to store our money in savings or checking accounts, borrow funds for major purchases, and easily access cash on a daily basis. While the services that these major financial institutions provide may seem relatively straight forward, have you ever wondered how they make profits?

We give banks our money everyday, and we trust that our funds will be kept secure and easily accessible. Many already understand that these financial institutions are entities designed to make a profit. If you've only used a checking account, savings account, or ATM, it may seem unclear how these businesses make their money. Of course, you've noticed the fees that you are charged for using your debit card or for having an overdraft in your account, but the fees are not the main source of profit for these institutions. While they do pull in a great deal of money from them, banks make the majority of their profits from offering loans.

Essentially, when you deposit your money into your account, that money goes into a pool of cash controlled by the company. Those funds are used to provide loans to customers. From college tuitions and buying homes to building businesses, lenders give loans to people for many reasons. Borrowers are charged an interest rate on the amount borrowed. This rate can differ depending on a variety of factors, including the amount being borrowed, the purpose of the loan, and the amount of funds that the institution has to lend.

As mentioned earlier, banks also make profits from the fees they charge. Although most of these institutions earn profits from interest rates charged for services, many fees contribute to their overall profit. Account fees are charged for "maintenance" to a customer's account. ATM fees are among the more common fees that banking customers encounter everyday. Many banks offer their own ATMs throughout a given region, and a customer may or may not have to pay a fee to use the machine. However, if a customer wishes to access funds via a third-party machine, there will be fees charged. These fees can range from one dollar to five dollars, per use. Overdraft charges are another common fee that customers must face. These fees are charged if a customer places a transaction on a debit card or check, but the funds in the account are insufficient. Banks have many ways to gain their profits.

Are you looking for banks in Bound Brook, NJ, that will protect your savings? Visit our site to learn more. http://www.somersetsavings.com/home/contact/hours/bound_brook.

Related Articles - banks, in, bound, brook, nj,

Email this Article to a Friend!

Receive Articles like this one direct to your email box!
Subscribe for free today!

 Rate This Article  
Completely useless, should be removed from directory.
Minimal useful information.
Decent and informative.
Great article, very informative and helpful.
A 'Must Read'.

 

Do you Agree or Disagree? Have a Comment? POST IT!

 Reader Opinions 
Submit your comments and they will be posted here.
Make this comment or to the Author only:
Name:
Email:
*Your email will NOT be posted. This is for administrative purposes only.
Comments: *Your Comments WILL be posted to the AUTHOR ONLY if you select PRIVATE and to this PUBLIC PAGE if you select PUBLIC, so write accordingly.
 
Please enter the code in the image:



 Author Login 
LOGIN
Register for Author Account

 

Advertiser Login

 

ADVERTISE HERE NOW!
   Limited Time $60 Offer!
   90  Days-1.5 Million Views  

 

Great Paranormal Romance


TIM FAY

After 60-plus years of living, I am just trying to pass down some of the information that I have lea...more
MAX LIEW

I have a passion for graphics, photography, and website design. I worked as a graphic designer for a...more
WILLIAM BUCHANAN

William Buchanan has worked in the fields of marketing, advertising, and marketing research for almo...more
GENE MYERS

Author of four books and two screenplays; frequent magazine contributor. I have four other books "in...more
LAURA JEEVES

At LeadGenerators, we specialise in content-led Online Marketing Strategies for our clients in the t...more
SUSAN FRIESEN

Susan Friesen, founder of the award-winning web development and digital marketing firm eVision Media...more
STEPHEN BYE

Steve Bye is currently a fiction writer, who published his first novel, ‘Looking Forward Through the...more
ADRIAN JOELE

I have been involved in nutrition and weight management for over 12 years and I like to share my kn...more
ALEX BELSEY

I am the editor of QUAY Magazine, a B2B publication based in the South West of the UK. I am also the...more
STEVERT MCKENZIE

Stevert Mckenzie, Travel Enthusiast. ...more

HomeLinksAbout UsContact UsTerms of UsePrivacy PolicyFAQResources
Copyright © 2022, All rights reserved.
Some pages may contain portions of text relating to certain topics obtained from wikipedia.org under the GNU FDL license