Banks essentially operate as storage and exchange systems for cash and financial assets: people and corporations place money in banks, which is then circulated among customers to help people pay for various items. When p... More » Business & Finance Personal Banking

Bank of America rewards earns customers rewards each time they spend money, including cash back, travel rewards and gift cards, says Bank of America. Customers should choose a reward card that fits their needs and lifest... More » Business & Finance Credit & Lending

A joint bank account, according to, is a shared bank account that two or more people have complete access to. When a joint account is established, any of the account holders may deposit or withdraw funds with... More »

Investopedia defines a wire transfer as an electronic transfer of money between people, businesses, institutions or entities across the worldwide network of banks. The money sender provides a banking institution with dir... More » Business & Finance Personal Banking

Commercial banks are important because they lend money to people, accept deposits, process checks and payments, and offer secure havens for treasured items, according to Investopedia. Commercial banks also attract large ... More »

The main difference between financial and real assets is that financial assets are cash and securities, such as stocks and bonds, whereas real assets represent tangible possessions, such as real estate, production equipm... More »

In most instances, banks cash checks for minors if their parent holds an account with the bank, providing the parent prints the child's name on the top endorsement line, and the account holder signs the second line. Some... More »