Retail banking, also known as consumer banking, is the provision of
services by a bank to the general public, rather than to companies,
corporations or other banks, which are often described as wholesale
banking. Banking services which are regarded as retail include
provision of savings and transactional accounts, mortgages, personal
loans, debit cards, and credit cards.
1 Products 2 Sub-types of retail banks 3 See also 4 References
A retail bank in Leeds, United Kingdom.
Typical retail banking services offered by banks include:
Checking accounts (American English) Current accounts (British English)
Savings accounts Debit cards ATM cards Credit cards Traveler's cheques Mortgages Home equity loans Personal loans Certificates of deposit/Term deposits
In some countries, such as the U.S., retail bank services also include more specialised accounts, such as:
Sweep accounts Money market accounts Individual Retirement Accounts (IRA's)
Sub-types of retail banks
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 banks accept savings deposits. Postal savings banks are savings banks associated with national postal systems.
Banking institution Bank
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): Germanys Three-Pillar Banking System – Cross-Country Perspectives in Europe, Occasional Paper, International Monetary Fund, Washington DC 2004. Retail Banker International – news, data, analysis and business information for the retail banking industry: Retailbankerinter