1,142 bytes added
, 03:37, December 4, 2015
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