Retail banking, also known as consumer banking or personal banking, refers to the type of banking that is geared towards individuals and their everyday financial needs. This includes services such as checking and savings accounts, loans, credit cards, and investment products. Continue Reading Below
Retail banking, also known as consumer banking or personal banking, refers to the type of banking that is geared towards individuals and their everyday financial needs. This includes services such as checking and savings accounts, loans, credit cards, and investment products. Retail banks are typically the ones that offer mobile banking applications and mobile check deposit services. Retail banks are often focused on providing convenient and user-friendly services to their customers, and many offer online and mobile banking options in addition to their physical branches. Retail banks may also offer additional services, such as financial planning and investment advice, to help their customers manage their finances and achieve their financial goals.
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