Question

What are the advantages of opening a bank account?

Answer 1

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. So, bank accounts help you to live a tension free life. It is convenient: Bank accounts are convenient for both making and receiving payments

Answer 2

Answer:

There are many advantages of opening a bank account. Some of them are :-

• Bank accounts are safe to deposit our savings for both short and long period of time.

• Bank accounts are easy and convenient to making and receiving payments.

• we can easily make payment by using internet banking.

• Banks provides all types of loan facilities such as personal loan, home loan, education loan etc.

• Bank accounts allows us to make online payments worldwide.