are different banks just a name change,and locations ,or all the"banks"just about the same,I want to deposit a check from an other state?

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  • DON W
    Lv 7
    4 years ago
    Favorite Answer

    Credit unions are different than banks. Credit unions offer about the same services as banks (such as savings accounts, CDs, mortgages, and auto loans) but operate as not-for-profit organizations owned by their members. In the case of banks, they are established to make money for the people who own stock in the company.

  • 4 years ago

    bank verses a credit union .is there a comparison (rules,regulation,etc) or is a credit union unique?

  • MadMan
    Lv 7
    4 years ago

    Well, you can deposit a check to you account at any branch of the same bank. But you cannot deposit it at a branch of a different bank. It does not matter what bank the check is drawn on.

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