Retail banking

Retail banking is banking in which banking institutions execute transactions directly with consumers, rather than corporations or other banks. Services offered include: savings and transactional accounts, mortgages, personal loans, debit cards, credit cards, and so forth.


Types of banking

  • Commercial bank has two meanings:
    • Commercial bank is the term used for a normal bank to distinguish it from an investment bank. (After the great depression, the U.S. Congress required that banks only engage in banking activities, whereas investment banks were limited to capital markets activities. This separation is no longer mandatory.)
    • Commercial bank can also refer to a bank or a division of a bank that mostly deals with deposits and loans from corporations or large businesses, as opposed to normal individual members of the public (retail banking). It is the most successful department of banking.
  • 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.

Retail Banking services are also termed as Personal Banking services

See also


  • 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:

External links

Wikimedia Foundation. 2010.

Look at other dictionaries:

  • retail banking — ➔ banking * * * retail banking UK US noun [U] (also consumer banking) ► BANKING the activities of banks that provide services to the public and to small businesses rather than to large companies and organizations: »Growth in the company s core… …   Financial and business terms

  • Retail Banking — Typical mass market banking in which individual customers use local branches of larger commercial banks. Services offered include savings and checking accounts, mortgages, personal loans, debit/credit cards and certificates of deposit (CDs).… …   Investment dictionary

  • retail banking — / ri:teɪl ˌbæŋkɪŋ/ noun the provision of normal banking services for customers by the main high street banks (as opposed to wholesale banking) …   Dictionary of banking and finance

  • retail banking — Fin services provided by commercial banks to individuals as opposed to business customers, that include current accounts, deposit and savings account, as well as credit cards, mortgages, and investments. In the United Kingdom, although this… …   The ultimate business dictionary

  • banking — bank‧ing [ˈbæŋkɪŋ] noun [uncountable] 1. BANKING the business activity of banks and similar institutions: • a large, New York based banking company • The banking industry will strongly oppose these new regulations. conˌsumer ˈbanking BANKING… …   Financial and business terms

  • Banking in Canada — is one of the most efficient and safest banking systems in the world. [ World Economic Forum Global Competitiveness Report] , World Economic Forum, In the 2007 2008 report Canada is ranked 2nd in the Soundness of banks… …   Wikipedia

  • Banking in India — originated in the first decade of 18th century. The first banks were The General Bank of India, which started in 1786, and Bank of Hindustan, both of which are now defunct. The oldest bank in existence in India is the State Bank of India, which… …   Wikipedia

  • Banking Frontiers — is a monthly magazine published by Glocal Infomart Pvt Ltd. Launched in 2002, it presents features on a wide variety of topics including technology, payment systems, compliance, risk management, treasury, retail banking, corporate banking, fraud… …   Wikipedia

  • retail — to sell directly to the consumer, usually in small quantities in comparison with the total level of sales. Glossary of Business Terms Individual and institutional customers as opposed to dealers and brokers. Bloomberg Financial Dictionary * * * ▪ …   Financial and business terms

  • Retail — Individual and institutional customers as opposed to dealers and brokers. The New York Times Financial Glossary * * * ▪ I. retail re‧tail 1 [ˈriːteɪl] noun [uncountable] COMMERCE 1. the sale of goods to customers for their own use, rather than to …   Financial and business terms

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