Just like any other business, a financial service provider sells products to earn money so that it can run its operations and provide services. To understand how financial service providers operate, know that when you deposit money with them, it gets pooled into a shared fund along with everyone else's.
Financial Institution Basics
Budgeting
Reviewing your statement — a record of the balance in your account and the amounts that have been paid into it and withdrawn from it — makes it easier to manage your finances and stick to a budget. With statements, you’ll know exactly where your money is going, whether it is towards bills or a night out with friends.
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