How do BANKS work? Banking system explained for beginners

Have you ever wondered how banks and the financial system work? Have you ever been curious about what a bank does?

If so, this video is for you.

The banking system explained for beginners!
This video will give you an overview of the banking system and how it works.

As a financial educator and advocate, my mission is to help people understand the complicated world of banking and finance. In this video, We'll take you through the basics of banking and explain how banks make money—and why they need to make money in the first place.

Don't worry if you don't know much about banking or finance—this video will give you all the information you need to get started!

So, let's start at the beginning: What is money? How do banks make money?
And what is a bank, anyway?
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🕐 Time Stamp:

00:00 Introduction
00:37 Banking explained
02:12 Checking Accounts
03:05 Saving Accounts
04:00 How to support the Channel? 🤑
04:23 Long-Term Deposits
06:10 Bank and Debit Cards
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For more content like this VISIT our 🤑 YouTube 🤑 Chanel:
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#bank #banking #financialeducation #financialfreedom
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DISCLAIMER: We are not financial advisers. These videos are for educational and entertainment purposes only. No official financial advice is being given. Please always check with a professional before making any investments or financial decisions. Your investments are your responsibility.
The Links under “awesome Goodis” are affiliate links, meaning if you make a purchase using the link, We will receive a small commission at no extra charge to the buyer.
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