There's no denying the fact that banks come in several forms, and some are likely to stand out more than others. Robert Jain can agree, but you might be curious to know the specific forms that exist. What is it that they have to offer, compared to other another, and what would make them so useful to you in the long run? Here are just a few types of banks that should, in theory, help you become better acquainted with finance in general.
Retail - This is, without question, the most common type of bank and the one you'll probably do the most business with throughout your life. According to Robert Jain, retail banks help people on individual levels, allowing them to maintain and build their checking and savings accounts alike. Even though this is a general definition of what a retail bank has to offer, it's the one that you're likely to entrust your money with the most.
Online - Online banks are exactly what you'd expect them to be. These operate entirely on the Internet, meaning that you cannot go to a physical branch or speak to a teller face to face. Nonetheless, some people tend to prefer online banking due to the immediacy, which is furthered by the possible utilization of mobile devices, apps and all. Seeing as how many people use the Internet for banking purposes now, this is yet another category that companies like Robert Jain Credit Suisse can draw attention to.
Commercial - Unlike retail banks, which focus on consumers as individuals, commercial banks are used by businesses. No matter how big or small a company is, it will require extensive financial services. These include everything from ecommerce to credit lines, which can be provided by commercial establishments. With this in mind, you can clearly see that a number of brands will be able to utilize commercial banking for their own needs.
These are just a few types of banks that you would be wise to take into account. Without question, there are many establishments that are designed to cater to certain groups, meaning that you might have to use one in the near future. Some are designed to help people from a business standpoint, while others might only be accessed on the Internet. Whatever the case may be, these talking points only illustrate the diversity associated with finance.
Retail - This is, without question, the most common type of bank and the one you'll probably do the most business with throughout your life. According to Robert Jain, retail banks help people on individual levels, allowing them to maintain and build their checking and savings accounts alike. Even though this is a general definition of what a retail bank has to offer, it's the one that you're likely to entrust your money with the most.
Online - Online banks are exactly what you'd expect them to be. These operate entirely on the Internet, meaning that you cannot go to a physical branch or speak to a teller face to face. Nonetheless, some people tend to prefer online banking due to the immediacy, which is furthered by the possible utilization of mobile devices, apps and all. Seeing as how many people use the Internet for banking purposes now, this is yet another category that companies like Robert Jain Credit Suisse can draw attention to.
Commercial - Unlike retail banks, which focus on consumers as individuals, commercial banks are used by businesses. No matter how big or small a company is, it will require extensive financial services. These include everything from ecommerce to credit lines, which can be provided by commercial establishments. With this in mind, you can clearly see that a number of brands will be able to utilize commercial banking for their own needs.
These are just a few types of banks that you would be wise to take into account. Without question, there are many establishments that are designed to cater to certain groups, meaning that you might have to use one in the near future. Some are designed to help people from a business standpoint, while others might only be accessed on the Internet. Whatever the case may be, these talking points only illustrate the diversity associated with finance.
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