In the last article, we talked about the 6 critical factors that you need to consider when choosing a bank, In this article we will focus on why its important to have a bank account; While it is certainly possible to store your money in physical cash, there are many reasons why you should have a bank account.

Security is an important reason why people store their money in bank accounts. Unfortunately, keeping physical cash at home is not safe since your home is exposed to the risk of burglary, natural disasters such as floods and accidents such as fires. It is similarly unwise to bury your money underground since moisture and air will likely decompose your money. When you deposit money into your bank account, the bank will store your money in their secured vaults. Also, if you need to transfer a large sum of money to another bank account, your bank can do it for you safely.

Convenience is another major benefit of having a bank account. When you have a bank account, you are able to access physical cash wherever there is a bank branch or ATM and with Darasalaam bank’s Kaafi services you can access your money anytime and anywhere through your Zaad account. Alternatively, you can also pay for goods and services electronically through our debit Visa card, which is linked to your bank account. Having a debit card also allows you to shop online, which gives you greater access to a variety of products from around the world.

A bank account can help you get a loan even a visa to another country Your financial track record and existing relationship with a bank makes it easier for you to access different financial services offered by the bank. in the event that you would like to purchase a car or a house or start a business and you don’t have the capital, the bank can help you by extending a personal or business loan, on the other hand, some countries will ask you about your financial track record and bank letters, and without solid track record you may not get the loan or the Visa you need.

Easy to manage your money you can track your money, save and spend or invest with the bank. having a bank account gives you a roadmap on how you can manage your finances more efficiently.

In summary, hoarding money at home, whether in a safe or mattress is not the best way to hold on to your money. The safest way to keep your money safe is in a bank account.

Don’t wait any longer and open an account with us today!#

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