What is retail banking

Question

Accepted Answer

Retail banking refers to the services provided by banks to individual customers, rather than businesses or corporations.

Retail banking includes services such as checking and savings accounts, loans, mortgages, and credit cards.
These services are typically offered through physical branches, online banking, and mobile apps.
Retail banks also offer financial advice and investment services to their customers.
Examples of retail banks include Bank of America, Wells Fargo, and Chase.
Retail banking is different from investment banking, which focuses on providing services to corporations and institutional investors.

Accepted Answer

Retail banking refers to the services provided by banks to individual customers, rather than businesses or corporations.

Retail banking includes services such as checking and savings accounts, loans, mortgages, and credit cards.

These services are typically offered through physical branches, online banking, and mobile apps.

Retail banks also offer financial advice and investment services to their customers.

Examples of retail banks include Bank of America, Wells Fargo, and Chase.

Retail banking is different from investment banking, which focuses on providing services to corporations and institutional investors.

Accepted Answer

Retail banking refers to the services provided by banks to individual customers, rather than businesses or corporations.

Retail banking includes services such as checking and savings accounts, loans, mortgages, and credit cards.
These services are typically offered through physical branches, online banking, and mobile apps.
Retail banks also offer financial advice and investment services to their customers.
Examples of retail banks include Bank of America, Wells Fargo, and Chase.
Retail banking is different from investment banking, which focuses on providing services to corporations and institutional investors.

Accepted Answer

Who provides their service to local people or individuals customer, not corporate or institutions.

Services like saving accounts, checking accounts, mortgage, personal loans, debit card, credit cards and FD.

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