A. Retail bank is the bank that "Serves everyday people like you and me!"
Retail banking affords financial offerings to individual clients as opposed to large establishments. services provided include savings and checking money owed, mortgages, private loans, debit or credit score playing cards, and certificates of deposit (CDs).
Broadly speaking, there are three main retail bank types. They are commercial banks, credit unions, and certain investment funds that offer retail banking services. All three retail bank types work toward providing similar banking services.
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