Homonym: "bank" (River)
A bank is a financial institution that accepts deposits from the public and provides loans. It plays a crucial role in the economy by facilitating transactions, offering savings accounts, and providing credit to individuals and businesses. Banks also offer services like checking accounts, mortgages, and investment options.
In addition to traditional banking services, many banks provide online banking, allowing customers to manage their accounts via the internet. They are regulated by government authorities to ensure safety and stability. Examples of well-known banks include Bank of America, Chase, and Wells Fargo.