A bank is a financial institution that accepts deposits from the public and creates credit. Banks provide a safe place for individuals and businesses to store their money while also offering various financial services such as loans, mortgages, and investment products. They play a crucial role in the economy by facilitating transactions and providing liquidity. In addition to traditional banking services, banks also offer online banking, mobile banking, and wealth management services. They are regulated by government authorities to ensure the safety and soundness of the financial system. Overall, banks are essential for economic stability and growth.