Banking Basics

• Introduction


• What is a bank?


• How do people start banks?


• How did banking begin?


• Why are there so many different types of banks?


• How do I choose a bank?


• What types of accounts do banks offer?


• Is it difficult to open a bank account?
• What happens to money after you deposit it?


• What happens when you apply for a loan?


• What are checks, and how do they work?


• What is electronic banking?


• Credit cards, debit cards, stored valued cards: What’s the difference?


• Do banks keep large amounts of gold and silver in their vaults?


• Why do banks fail?


• Do you lose money if your bank fails?


• Do you lose money if your bank is robbed?


• How does the Federal Reserve fit into the U.S. banking system?


• Resources for Everyone about Banking

Source from : http://www.bos.frb.org/