Question

what are the advantages of open bank account?​

Answer 1

Open Bank Accounts are safe: Bank accounts are safe to keep money for both short and long period of time. It provides safety to your money from theft, fire, natural disasters etc.

You also have the ability to write checks, which is essentially the same as cash. Many financial institutions offer different forms of deposit accounts that will actually reward you for storing your money. Banks may pay you interest on your deposits. Depending on the type of account, interest rates will vary.

Hope this helps you mate ☺️☺️✌️✌️✅✅

Answer 2

Answer:

1. Bank account facilities safe custody of money.
2. Bank Account helps in making payments.
3. Bank Account helps in collection of money.
4. Bank Account holders get advances and loans.
5. Bank Account helps in smooth financial transactions.
6. Bank Account holders can get safe deposit locker facility.

I hope it helps u...........