ELI5: Explain Like I'm 5

Bank

A bank is kind of like a super safe place where you can keep your money and other valuables. People usually put money in the bank because they want to save it, or use it to buy things like a house or a car. Banks are also places where you can go to get advice about managing money, like when you need to borrow money for a big purchase or when you want to make a savings plan. Banks also have ATMs (automated teller machines), which are machines that you can use to take out money you have saved in the bank.