Banks of Detroit

The banks of Detroit offer these basic services

1. A bank account- currency can be deposited at the bank and then withdrawn at latter date at the same location or a branch office.

2. A personal loan - the bank will loan funds if adaquate collateral property can be held to protect the bank against loan default. The terms and interest charged will vary depending upon the amount and the payment schedule.

3. In some of the central bank offices, vaults or secure safe deposit boxes can be rented to store important documents or items.

4. The banks issue bank notes, paper currency which a vendor or another bank may or may not honor at face value. Usually, during times of finacial stability there are no issues with small demonination bank notes from the primary banks.

5. The bank will issue a banker's cheque which can be used for large purchases, such as real estate.