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What is a Bank?

DeFine Glossary #5

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Defined: Bank

A bank is a financial institution licensed to receive deposits and make loans.


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Banks may also provide financial services such as wealth management, currency exchange, and safe deposit boxes.

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Yet, banks do a lot more!



Everything from receiving cash deposits to wealth management.


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Here at Fi Money, we do things a little differently.

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A super account made for your money


Invest, Bank & Track all your expenses in one place. 

Try Fi
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