If a customer opens a deposit account with a bank, he will

Answer Details

If a customer opens a deposit account with a bank, he will receive interest. A deposit account is a type of bank account that allows the account holder to deposit and withdraw money. Banks use the money deposited in these accounts to lend to other customers and earn interest on the loans. In return for the use of the account holder's money, the bank pays interest to the account holder based on the balance in the account and the interest rate offered. The account holder may also be given a debit card or access to online banking services to facilitate transactions from the account. A crossed cheque book and a tally are not typically associated with opening a deposit account, and while a loan may be available to the account holder, it is not a guaranteed feature of opening a deposit account.