The Risks of Banking Illiteracy and its Role in Bank Deposits with customers

Abstract

The research aims to study the risks of banking illiteracy represented by (misunderstanding and awareness, lack of banking knowledge, and lack of banking awareness) on bank deposits and its impact, which leads to increased levels of hoarding among individuals and organizations and the bank’s inability to attract deposits, pay, clear debts, and grant cash credit. The research problem was represented in Highlighting the problems and difficulties related to banking illiteracy and its impact on customers, which hinder the work of banks and affect the processes of attracting customers to deposit their money in banks. The research adopted the descriptive analytical method in presenting the theoretical framework of the research and reached a number of conclusions and recommendations that can be benefited from.