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Retail banking
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<h2 id="products">Products</h2> <p>Typical banking services offered by retail banks include: </p> <ul><li><a href="/facts/Transactional_account/75b3oY9o">Transactional accounts</a> <ul><li><a href="/facts/Checking_account/75b3oY9o">Checking accounts</a> (<a href="/facts/American_English/sdAfgPgM">American English</a>)</li> <li><a href="/facts/Current_account_(banking)/75b3oY9o">Current accounts</a> (<a href="/facts/British_English/ymJR5Rnd">British English</a>)</li></ul></li> <li><a href="/facts/Savings_account/LtmPfqoF">Savings accounts</a></li> <li><a href="/facts/Debit_card/A9C9sNeB">Debit cards</a></li> <li><a href="/facts/ATM_card/rkI4fmdH">ATM cards</a></li> <li><a href="/facts/Credit_card/7pKSB5LD">Credit cards</a></li> <li><a href="/facts/Traveler%2527s_cheque/ugMk64Sw">Traveler's cheques</a></li> <li><a href="/facts/Mortgage/EtGHG9q3">Mortgages</a></li> <li><a href="/facts/Home_equity_loan/ml4hzv3r">Home equity loans</a></li> <li><a href="/facts/Personal_loan/KjHvoq58">Personal loans</a></li> <li><a href="/facts/Certificate_of_deposit/T0sP8odf">Certificates of deposit</a>/<a href="/facts/Term_deposit/As9R1Njc">Term deposits</a></li></ul> <p>In some countries, such as the U.S., retail bank services also include more specialised accounts, such as: </p> <ul><li><a href="/facts/Sweep_account/GNLWLwBI">Sweep accounts</a></li> <li><a href="/facts/Money_market_account/NuIubTBl">Money market accounts</a></li> <li><a href="/facts/Individual_Retirement_Account/aPCENW6Y">Individual Retirement Accounts</a> (IRA's)</li></ul> <h2 id="sub-types-of-retail-banks">Sub-types of retail banks</h2> <ul><li><a href="/facts/Community_development_bank/y4Q4wnSH">Community development bank</a> are regulated banks that provide financial services and credit to underserved markets or populations.</li> <li><a href="/facts/Private_banking/Ejn2GVHy">Private banks</a> manage the assets of <a href="/facts/High-net-worth_individual/3BX8BkHc">high-net-worth individuals</a>.</li> <li><a href="/facts/Offshore_bank/PfpLGJXA">Offshore banks</a> are banks located in jurisdictions with low taxation and regulation. Many offshore banks are essentially private banks.</li> <li><a href="/facts/Savings_bank/7xpBz8YG">Savings banks</a> accept <a href="/facts/Savings/IkxfYrFc">savings</a> deposits.</li> <li><a href="/facts/Postal_savings_system/FeoWUnBa">Postal savings banks</a> are savings banks associated with national postal systems.</li></ul> <h2 id="see-also">See also</h2> <ul> <li>Banks portal</li></ul> <ul><li><a href="/facts/Banking_institution/MMdhY0g9">Banking institution</a></li> <li><a href="/facts/Financial_risk_management/sXAcYTh9">Financial risk management § Commercial and retail banking</a></li></ul> <ul><li>Tiwari, Rajnish and Buse, Stephan (2006): <a href="https://web.archive.org/web/20160330071658/http://www.mobile-prospects.com/publications/files/German_Banking_Sector.pdf">The German Banking Sector: Competition, Consolidation and Contentment</a>, Hamburg University of Technology (TU Hamburg-Harburg)</li> <li>Brunner, A., Decressin, J. / Hardy, D. / Kudela, B. (2004): Germanys Three-Pillar Banking System – Cross-Country Perspectives in Europe, Occasional Paper, International Monetary Fund, Washington DC 2004.</li></ul> <h2 id="references">References</h2> <ol> <li id="fn:1"><p>Reed, Eric (2023-03-30). "Retail Banking vs. Commercial Banking". TheStreet. Retrieved 2024-02-05. <a href="https://www.thestreet.com/markets/retail-banking-vs-commercial-banking-15109546" target="_blank">https://www.thestreet.com/markets/retail-banking-vs-commercial-banking-15109546</a> <a href="#fnref:1" class="footnote-back-ref">↩</a></p></li> </ol>