1:35 AM
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 - When it comes to the different types of banks available, retail is perhaps the most common. For those who do not know - and Robert Jain can expand on this - retail banks are focused on helping consumers on individuals levels. They offer checking and saving accounts alike, which can be used for standard and long-term investing respectively. If you have either of these accounts, chances are that you work with a retail bank.
Online - The main selling point of online banks is in the name. For those who do not know, these locations operate entirely on the Internet, meaning that there are no physical locations to speak of. Nonetheless, some people prefer these due to how immediate they are, whether it's in terms of deposits, withdrawals, or other functions entirely. This category matters, and companies such as Robert Jain Credit Suisse can agree.
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 - When it comes to the different types of banks available, retail is perhaps the most common. For those who do not know - and Robert Jain can expand on this - retail banks are focused on helping consumers on individuals levels. They offer checking and saving accounts alike, which can be used for standard and long-term investing respectively. If you have either of these accounts, chances are that you work with a retail bank.
Online - The main selling point of online banks is in the name. For those who do not know, these locations operate entirely on the Internet, meaning that there are no physical locations to speak of. Nonetheless, some people prefer these due to how immediate they are, whether it's in terms of deposits, withdrawals, or other functions entirely. This category matters, and companies such as Robert Jain Credit Suisse can agree.
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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