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Borrower

^ correct answer no cap :)

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Merlin Ankunding

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Q: When a customer opens a bank savings account the bank essentially becomes?
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Related questions

When a customer opens a bank savings account the bank essentially becomes a(n)?

borrower


When a customer opens a bank savings account the bank essentially becomes a?

Borrower ^ correct answer no cap :)


When a customer opens a bank savings account the bank essentially becomes a(n) .?

borrower


When a customer opens a bank savings account the bank essentially becomes a what?

Borrower ^ correct answer no cap :)


A customer who opens a savings account at a bank in turn becomes a?

a lender


Is a share account also known as a checking account?

No. A share account is essentially a savings account...


What do banks pay to their savings account customer?

Interest


What is an internet savings account?

"They have becomes duds, they use to be savings you can just deposit money in and they will act likes a regular bank account. but now they are gone.So long internet savings."


What are the Savings Account fees for Lloyds Online Banking?

Lloyds Online Banking offers savings accounts for free if you meet certain requirements, such as the amount deposited in your account. Contact customer service of LOB if you qualify for a savings account with no fees.


How much money do you need to open a savings account with citibank?

At Citibank, a customer needs to only supply $100 to open a savings account with and they don't even need to have a preexisting checking account with the bank.


What kind of benefits does one enjoy in an investment savings account?

In an investment savings account a customer gets to share the profits of the banks. Every quarter the profit rates are decided and the customer gets that percentage of the profit as per the investment made.


What is the name of the special savings account that requires the bank and the customer to agree on the savings amount and the time that it will be on deposit?

I believe you are thinking of a certificate of deposit.