This leads us to consider the advantages of keeping an account at bank.

(1) There is the safe keeping of the money, and protection from loss by burglary. (2) It is an easy way of collecting. If the business man were obliged to send his messengers to various parts of the city or neighboring towns to collect the cash for the various checks, drafts and money orders he received, a great deal of his time would be taken. When he deposits the checks and drafts the bank does the collecting for him. The bank also collects for him such drafts as he may draw upon his debtors in distant places, charging only a small fee for the service, and sometimes without charge.

(3) It offers facilities for making payments and for saving of time in handling and counting out large amounts in bills and coin, and lessens the risk of loss by mistakes.

The merchant who keeps an account at a bank, establishes an acquaintance with the institution, and is able to borrow money by borrowing upon his notes when needed. The lending of money by discounting notes, etc., is a prominent part of the business of a bank, yet there are times when the bank will discount only for its own depositors with whose character and responsibility it is well acquainted.