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Who is a customer for a bank?

Updated: 9/17/2023
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14y ago

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Any person or business wishing to deposit money, or borrow money, or to convert money into a different form of currency, is potentially a customer for a bank.

A Customer for a bank is a person who does some business with the bank. The business could be anything like:

  • Depositing cash
  • Holding accounts
  • Withdrawing cash
  • Use debit or credit cards
  • Foreign Exchange conversions
  • Insurance needs
  • Stock Trading requirements
  • etc
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