
Bank accounts
A bank account is a service provided by banks that allows individuals or businesses to deposit, withdraw, and manage their money. There are different types of accounts, such as checking accounts for everyday transactions and savings accounts for earning interest on savings. Holding an account provides safety for your money, access to banking services like debit cards and online banking, and the ability to track spending. Banks may charge fees or offer interest, depending on the account type. Overall, bank accounts are essential tools for financial management and secure access to funds.