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The Money Compass - The Benefits Of Having A Bank Account

The Benefits Of Having A Bank Account

The Money Compass

09/10/20 • 11 min

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In this weeks episode, Emma, Julie and Becky are venturing into the world of banks and building societies, from talking about what they all are to why most of us have an account with them, to how to chose the best account for you, this episode will certainly point you in the right direction.

Podcast formerly Your Recipe for Financial Success.

Visit themoneycompass.co.uk for more information on this topic, news and more episodes.

09/10/20 • 11 min

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The Money Compass - The Benefits Of Having A Bank Account

Transcript

Becky Campion

So today we're going to be sieving through all you need to know about banks and building societies. So, Emma, do you want to get our started by telling us what the difference is between a bank and a building society,

Emma Knights

Of course, so a Bank is owned by shareholders so what that means is that any profit that the bank makes is shared out between those shareholders in what we call dividends. A Building Society is owned by its members so that would be a

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