How To Safeguard Your Money In A Bank

The money placed in your bank account is called a deposit because you retain ownership of the funds even though it is within the custody of your chosen financial institution. As such, it is imperative on your part to take the necessary precautionary measures to safeguard your money the moment you deposit it in your account. Keep in mind that once it is successfully deposited, the bank will now have custody over it. If you want to use the money, there is a need for you to send a withdrawal slip before the funds are released.

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