Definition of "bank"
A financial institution approved as a candidate. There are two types of banks: banks / retail and investment banks. In most countries, banks from the national government or the Central Bank are regulated.
Commercial banks mainly to the management of withdrawals and deposits and granting short-term loans to individuals and small businesses. Consumers, especially for the control of these savings accounts and basic banks, certificates of deposit and sometimes for mortgages used. Investment banks focus on the provision of services such as underwriting and reorganization of the company for institutional clients.
While many banks have both brick and mortar and online, Some banks only have an online presence. Only online banks often offer more consumer interest and lower fees. Convenience, interest and fees are the determining factors in the decisions of consumers, businesses do banking. As an alternative to banks, consumers can choose to use a credit union.
Source : Banking Link
A financial institution approved as a candidate. There are two types of banks: banks / retail and investment banks. In most countries, banks from the national government or the Central Bank are regulated.
Commercial banks mainly to the management of withdrawals and deposits and granting short-term loans to individuals and small businesses. Consumers, especially for the control of these savings accounts and basic banks, certificates of deposit and sometimes for mortgages used. Investment banks focus on the provision of services such as underwriting and reorganization of the company for institutional clients.
While many banks have both brick and mortar and online, Some banks only have an online presence. Only online banks often offer more consumer interest and lower fees. Convenience, interest and fees are the determining factors in the decisions of consumers, businesses do banking. As an alternative to banks, consumers can choose to use a credit union.
Source : Banking Link