Difference between commercial and retail banking ID: 905382
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Slide1
What to differentiate between commercial and retail banking?
Slide2Commercial banking
and retail banking are two different types of banking. Commercial banking is when a bank provides services to businesses, while retail banking is when a bank provides services to individuals. There are some key differences between the two.
One difference is that commercial banks offer more products and services than retail banks. Commercial banks offer products such as:
1. Loans,
2. B
rokerage services
3. insurance,
4.
I
nternational banking and
5. T
reasury management.
Slide3Retail banking
products include checking accounts, savings accounts, certificates of deposit (CDs), money market accounts, interest-bearing checking accounts, direct deposit services for payroll checks or government benefits, personal loans, business loans for small businesses that are not able to get a loan from a commercial bank due to the nature of their business, and more.
Individuals use retail banking products to save money for a future purchase or emergency, make the most of interest rates with a CD, manage money through a checking account or debit card, take out a personal loan for home repairs or unexpected expenses, apply for a
credit card
to build credit history and earn rewards points, and more.
National Bank of Fujairah (NBF)
is one of the best retail banks in Dubai. NBF offers a variety of banking products, including credit cards.
NBF's credit card
is one of the most popular products offered by the bank. The NBF credit card comes with a host of features and benefits that make it an attractive