Bank account - Revision history

DavidB4-bot: clean up & uniformity

2016-07-13T02:39:18Z

clean up & uniformity

DavidB4-bot: /* External Links: */Spelling/Grammar Check & Cleanup

2016-06-28T13:23:39Z

External Links:: Spelling/Grammar Check & Cleanup

DavidB4: fixed wiki link to Checking_account

2015-12-18T19:32:07Z

fixed wiki link to Checking_account

DavidB4: fixed my new wiki link

2015-12-18T19:11:13Z

fixed my new wiki link

DavidB4: added wiki link

2015-12-18T19:10:04Z

added wiki link

DavidB4: added 2 basic account types

2015-12-18T18:32:14Z

added 2 basic account types

DavidB4: grammar fix

2015-12-18T17:28:20Z

grammar fix

DavidB4: added categories

2015-12-18T17:26:21Z

added categories

DavidB4: Put down the basic idea--could use more citation and external linkage

2015-12-04T03:37:46Z

Put down the basic idea--could use more citation and external linkage

New page

A '''Bank Account''' is record held by a [[bank]] of [[money]] you have given to them for safekeeping and profit. The account holder will usually receive a certain percentage extra (or interest) added to his/her record periodically, to pay the holder back for lending his/her money to that [[bank]].
A holder may lend more [[money]] to the [[bank]] (to be added on to his/her account) or withdraw (take back) some of the money previously lent. A bank account cannot really have a negative balance, but this is shown sometime is it is overdrawn (more [[money]] was taken out that was owed to you). <ref>"How Banks Work." The Mint. Web. 3 Dec. 2015. <http://www.themint.org/kids/how-banks-work.html>.</ref>
If more money is needed that in is the holders account, then taking out a [[loan]] from the [[bank]] may be necessary. In this case, rather than receiving a certain percentage back, a certain percentage extra must be paid later. In this case, you take on the role which the bank has had until now.

== External Links: ==
http://www.themint.org/kids/how-banks-work.html
http://money.howstuffworks.com/personal-finance/banking/bank.htm

@@ Line 1: / Line 1: @@
 A '''Bank Account''' is record held by a [[bank]] of [[money]] you have given to them for safekeeping and/or profit.  The account holder will usually receive a certain percentage extra (or interest) added to his/her record periodically, to pay the holder back for lending his/her money to that [[bank]].
-A holder may lend more [[money]] to the [[bank]] (to be added on to his/her account) or withdraw (take back) some of the money previously lent.  A bank account cannot really have a negative balance, but this is shown sometimes if it is [[Overdraft|overdrawn]] (more [[money]] was taken out that was owed to you). <ref>"How Banks Work." The Mint. Web. 3 Dec. 2015. <http://www.themint.org/kids/how-banks-work.html>.</ref>
+A holder may lend more [[money]] to the [[bank]] (to be added on to his/her account) or withdraw (take back) some of the money previously lent.  A bank account cannot really have a negative balance, but this is shown sometimes if it is [[Overdraft|overdrawn]] (more [[money]] was taken out that was owed to you).<ref>"How Banks Work." The Mint. Web. 3 Dec. 2015. <http://www.themint.org/kids/how-banks-work.html>.</ref>
 If more money is needed that in is the holders account, then taking out a [[loan]] from the [[bank]] may be necessary. In this case, rather than receiving a certain percentage back, a certain percentage extra must be paid later.  In this case, you take on the role which the bank has had until now.
 There are various kinds of bank accounts.  The most common are [[savings account]]s and [[checking account]]s.
-== External Links: ==
-http://www.themint.org/kids/how-banks-work.html
+==References==
-http://money.howstuffworks.com/personal-finance/banking/bank.htm
+{{Reflist}}
 [[Category:Finance]]
 [[Category:Banks]]

@@ Line 8: / Line 8: @@
 http://money.howstuffworks.com/personal-finance/banking/bank.htm
-[[category:finance]]
+[[Category:Finance]]
-[[category:banks]]
+[[Category:Banks]]

@@ Line 1: / Line 1: @@
 A '''Bank Account''' is record held by a [[bank]] of [[money]] you have given to them for safekeeping and/or profit.  The account holder will usually receive a certain percentage extra (or interest) added to his/her record periodically, to pay the holder back for lending his/her money to that [[bank]].
-A holder may lend more [[money]] to the [[bank]] (to be added on to his/her account) or withdraw (take back) some of the money previously lent.  A bank account cannot really have a negative balance, but this is shown sometimes if it is [[overdrawn|overdraft]] (more [[money]] was taken out that was owed to you). <ref>"How Banks Work." The Mint. Web. 3 Dec. 2015. <http://www.themint.org/kids/how-banks-work.html>.</ref>
+A holder may lend more [[money]] to the [[bank]] (to be added on to his/her account) or withdraw (take back) some of the money previously lent.  A bank account cannot really have a negative balance, but this is shown sometimes if it is [[Overdraft|overdrawn]] (more [[money]] was taken out that was owed to you). <ref>"How Banks Work." The Mint. Web. 3 Dec. 2015. <http://www.themint.org/kids/how-banks-work.html>.</ref>
 If more money is needed that in is the holders account, then taking out a [[loan]] from the [[bank]] may be necessary. In this case, rather than receiving a certain percentage back, a certain percentage extra must be paid later.  In this case, you take on the role which the bank has had until now.

@@ Line 1: / Line 1: @@
 A '''Bank Account''' is record held by a [[bank]] of [[money]] you have given to them for safekeeping and/or profit.  The account holder will usually receive a certain percentage extra (or interest) added to his/her record periodically, to pay the holder back for lending his/her money to that [[bank]].
-A holder may lend more [[money]] to the [[bank]] (to be added on to his/her account) or withdraw (take back) some of the money previously lent.  A bank account cannot really have a negative balance, but this is shown sometimes if it is overdrawn (more [[money]] was taken out that was owed to you). <ref>"How Banks Work." The Mint. Web. 3 Dec. 2015. <http://www.themint.org/kids/how-banks-work.html>.</ref>
+A holder may lend more [[money]] to the [[bank]] (to be added on to his/her account) or withdraw (take back) some of the money previously lent.  A bank account cannot really have a negative balance, but this is shown sometimes if it is [[overdrawn|overdraft]] (more [[money]] was taken out that was owed to you). <ref>"How Banks Work." The Mint. Web. 3 Dec. 2015. <http://www.themint.org/kids/how-banks-work.html>.</ref>
 If more money is needed that in is the holders account, then taking out a [[loan]] from the [[bank]] may be necessary. In this case, rather than receiving a certain percentage back, a certain percentage extra must be paid later.  In this case, you take on the role which the bank has had until now.

← Older revision		Revision as of 17:26, December 18, 2015
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	http://www.themint.org/kids/how-banks-work.html		http://www.themint.org/kids/how-banks-work.html
	http://money.howstuffworks.com/personal-finance/banking/bank.htm		http://money.howstuffworks.com/personal-finance/banking/bank.htm
		+
		+	[[category:finance]]
		+	[[category:banks]]