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Encyclopedia > Retail banking

According to investopedia.com, retail banking "is typical mass-market banking where individual customers use local branches of larger commercial banks. Services offered include: savings and checking accounts, mortgages, personal loans, debit cards, credit cards, and so forth." Banker redirects here; see wiktionary:banker for more meanings. ... In common usage, saving generally means putting money aside, for example, by putting money in the bank or investing in a pension plan. ... Includes demand deposits, ATS, NOW, and other checkable deposits. ... A mortgage is a method of using property (real or personal) as security for the payment of a debt. ... A loan is a type of debt. ... A debit card is a plastic card which provides an alternative payment method to cash when making purchases. ... Credit cards A credit card system is a type of retail transaction settlement and credit system, named after the small plastic card issued to users of the system. ...

Types of retail banks

  • Commercial bank has two possible meanings:
    • Commercial bank is the term used for a normal bank to distinguish it from an investment bank. (After the great depression, the U.S. Congress required that banks only engage in banking activities, whereas investment banks were limited to capital markets activities. This seperation is no longer mandatory.)
    • Commercial bank can also refer to a bank or a division of a bank that mostly deals with deposits and loans from corporations or large businesses, as opposed to normal individual members of the public (retail banking).
  • Community development bank are regulated banks that provide financial services and credit to underserved markets or populations.
  • Private banks manage the assets of high net worth individuals.
    • Offshore banks are banks located in jurisdictions with low taxation and regulation. Many offshore banks are essentially private banks.
  • Savings bank accept savings deposits.
    • Postal savings banks are savings banks associated with national postal systems.

A commercial bank is a type of financial intermediary and a type of bank. ... Community development banks (CDBs) are a special kind of bank designed to spur serve the residents of and spur economic development in low to moderate income (LMI) areas. ... Private banks are banks which are not incorporated, and hence the entirety of their assets is available to meet the liabilities of the bank. ... An offshore bank account is a bank located outside the country of residence of the depositor, typically in a low tax jurisdiction (or tax haven) that provides financial and legal advantages. ... A savings bank is a financial institution whose primary purpose is accepting savings deposits. ... In common usage, saving generally means putting money aside, for example, by putting money in the bank or investing in a pension plan. ...

See also

Banker redirects here; see wiktionary:banker for more meanings. ... This Banking in the United States does not cite its references or sources. ... Predictive analytics encompasses a variety of techniques from statistics and data mining that process current and historical data in order to make “predictions” about future events. ...


  • Tiwari, Rajnish and Buse, Stephan (2006): The German Banking Sector: Competition, Consolidation and Contentment, Hamburg University of Technology (TU Hamburg-Harburg)
  • Brunner, A., Decressin, J. / Hardy, D. / Kudela, B. (2004): Germany’s Three-Pillar Banking System – Cross-Country Perspectives in Europe, Occasional Paper, International Monetary Fund, Washington DC 2004.

  Results from FactBites:
Bank Director Magazine - Retail Banking 101 (2909 words)
While investment banking and commercial lending conjure up images of pin-striped executives engaging in intense, high-stakes deals, retail banking is more likely to evoke images of soccer moms standing in line to make deposits.
Although board members rely on the CEO and managers to keep the retail banking operation humming, they have a duty to ensure that the value of the institution is being leveraged to its highest potential.
Retail banking comprises various deposit products—including checking, savings, and time-deposit accounts such as certificates of deposit—as well as various asset-based products, such as auto lending, credit cards, mortgages, and home equity loans.
Retail Banking Applications | Chordiant (753 words)
At the same time, banks are determined to maximize the efficiency of large, widely dispersed operations to reduce the costs for delivering the highest quality support to their customers.
The Royal Bank of Scotland Group is the second largest bank in the UK and in Europe and ranks fifth in the world.
Bank of Ireland is the number one Bank for business in Ireland with dedicated business relationship managers available through each of its 270 strong nationwide branch network and over 50,000 registered users for its 'Business on Line' service.
  More results at FactBites »



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