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Commercial and Retail bank

Difference between commercial and retail banking

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Commercial and Retail bank

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  1. What to differentiate between commercial and retail banking?

  2. Commercial 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. Brokerage services 3. insurance, 4. International banking and 5. Treasury management.

  3. Retail 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

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