Jamoflondon
Verified member
Bank generally is a place where money is kept, I think that was the primary reason why the idea of having banks was brought into existence, well I am not saying that there are not other usefulness of it. To some people, they believe that the only way that banks can be used is just to keep money, which is not only for that
To start with, there are different kinds of bank. Well there are many but according to my research and speaking of the country that we are in, I think that these are some of them that I was able to know about.
1. Commercial bank
2. Microfinance bank
1. Commercial bank: These types of bank are basically created for helping people to save their money for future use. In nigeria, I think you can be allowed to open any of the two accounts under commercial banking which are current account and savings accounts. The current deals with one saving money for a longer period of time while the savings me you can always access your money whenever you need it.
2. Microfinance bank: These are mainly for business owners because you have access to request for loans without going through so much process.
To start with, there are different kinds of bank. Well there are many but according to my research and speaking of the country that we are in, I think that these are some of them that I was able to know about.
1. Commercial bank
2. Microfinance bank
1. Commercial bank: These types of bank are basically created for helping people to save their money for future use. In nigeria, I think you can be allowed to open any of the two accounts under commercial banking which are current account and savings accounts. The current deals with one saving money for a longer period of time while the savings me you can always access your money whenever you need it.
2. Microfinance bank: These are mainly for business owners because you have access to request for loans without going through so much process.