There are a lot people who despite of having their own accounts in banks, don’t know much about the bank accounts. Cuentas Bancarias may differ on the basis of the nature of the account. Bank accounts may have a positive or debit balance and a negative or credit balance. In positive or debit balance the bank owes money to the customer, while in a negative or credit balance, the customer owes the bank money.

Generally, the accounts opened with the purpose of holding debit balances are known as Depositos Bancarias and the accounts opened with the purpose of holding credit balances are known as loan accounts. There are some accounts that are defined by their function rather than nature of the balance they hold. The bank accounts created to process large numbers of transactions may provide credit and debit facilities.

Depending on economic conditions, the interests and profitability of bank deposits will vary from each other. During economic boom with low interest rates, financial institutions depend on the bulk of its business in the provision of credit. In order to diversify our savings in different banks, the best option is always seeking the most favorable conditions, not only for the interest rate offered, but also based on other aspects, like commissions, immediacy to recover the money in case of need and the solvency of the bank. Always remember that both the current account and savings account deposits are considered technically payable on demand.