What is interest?
Interest is the reward a bank will pay to its customers for keeping their money in an account. Where does my dollar go when I give it to you?
The bank keeps your money very safe either in the vault or in the form of investments. The money you deposit in a bank is insured up to $100,000. What's a minimum balance?
It is the amount of money that must be kept in an account to avoid a service charge. What is a loan?
It is a signed agreement between a person or Company and a Bank. The bank lends the money to an individual or Company and they in turn payback this money in small amounts. How many dollars equals $10.00?
Ten one dollar bills equal $10. How do I know how much is in my piggybank?
At each of our locations, we have a coin counter. This piece of equipment allows us to dump all the loose coin into the machine and it will automatically be counted. Where is money made?
Money is made by the Federal Government. Money is made from special paper that has several indicators of its authenticity. How come coins are all a different size?
Coins are all different sizes so that we can tell them apart. There are some that are even different colors. The penny is a copper color but the nickel, dime and quarter are all a silver color. Why do we go to the bank?
You go to a bank for the same reason you go to any store. Banks are there to help provide products and services that we all need to handle our money. Technology has played a major role in banks and customers are now able to do much of their banking without even setting foot in a bank. Examples of this are online banking, on line bill pay, debit cards, direct payments, direct deposit, and ATM cards. How do I cash a check from Grandma?
Your friendly banker will ask you to sign your name on the back of the check. They will then process the check and either deposit it into your account or provide you with the requested cash.
