A bank account is a service offered by a financial institution that allows individuals to store, manage, and conduct transactions with their money.
By opening a bank account, one obtains a unique number and can deposit money into it, as well as withdraw it when necessary. Bank accounts offer options such as checks, debit cards, and online access to facilitate fund management.
They can also be used to receive salary deposits, make payments to suppliers, and transfer funds to other accounts. Bank accounts provide security and convenience in money management.
