Connect with like-minded individuals, ask questions, share ideas, and participate in discussions on a variety of topics.
Lost your password? Please enter your email address. You will receive a link and will create a new password via email.
Please briefly explain why you feel this question should be reported.
Please briefly explain why you feel this answer should be reported.
Please briefly explain why you feel this user should be reported.
Do banks have another source of income apart from charging interest on the loan given to individuals and businesses? How do banks make a lot of money, do they also involve in business?
Banks make money in different ways by collecting Credit card feesAnnual fees, late fees, and interest charges on balances also contribute to a bank's revenue. They do also make with loan services:Banks use deposits to provide loans for things like mortgages, car loans, etc Infact , The interest collRead more
Banks make money in different ways by collecting Credit card feesAnnual fees, late fees, and interest charges on balances also contribute to a bank’s revenue. They do also make with loan services:Banks use deposits to provide loans for things like mortgages, car loans, etc
Infact , The interest collected on these loans is a major revenue stream.Fees and service charges are also other means
See lessBanks make money through different ways, when you make a deposit they charge you money and when they also send you sms alerts, they charge you money for that too, an average will have clients running into millions and if you add that number it'll sort of make sense. They also make money through tradRead more
Banks make money through different ways, when you make a deposit they charge you money and when they also send you sms alerts, they charge you money for that too, an average will have clients running into millions and if you add that number it’ll sort of make sense.
They also make money through trading on the stock exchange, they use your capital (cash deposit) to trade the market and make profit$$
See lessAs far as I know, banks do not only make money through their services such as credit or loans or the like. I read an article where they said that banks can also invest in startups, although these are small amounts because they must be sure of profit. They also invest a lot of money in conservative mRead more
As far as I know, banks do not only make money through their services such as credit or loans or the like. I read an article where they said that banks can also invest in startups, although these are small amounts because they must be sure of profit. They also invest a lot of money in conservative methods. For example, in indices that have a small but stable increase. And they also invest a lot in real estate, and most often in commercial real estate
See less