Retail banking refers to the consumer-oriented services offered by commercial banks. These services include checking and savings accounts, mortgages and various types of loans and investment services relating to retirement and educational planning.
Retail banking encompasses the services offered to consumers by commercial banks. The term "retail" refers to the almost storefront-shopping nature of commercial banking services.
Most commercial banks have extensive retail banking services and products to reach a wide consumer base.
Retail banking products: these
include
Personal
Credit Cards: Offers customers an incredibly convenient way to pay for the things they need, where they need, without having to carry cash.
Deposit and Transactions: Flexible, everyday banking products that help our customers manage their cash and save for tomorrow. This includes transaction accounts, savings accounts and term deposits.
Financial Planning: We offer expert financial advice to help our customers start planning for a better life today. This includes planning for retirement and how to grow money.
Home Loans: Range of fixed term and variable interest loan options to help customers buy their own homes. We can help find the right home loan and provide tools to help customers make smart property decisions.
Insurance: We offer insurance for home and contents, cars, loan protection and credit cards – as well as insurance support.
Personal Lending: We also provide flexible solutions to help customers buy their dream car or holiday, manage their debt, meet the unexpected and more.
Travel and International
Payments: Our range of currency solutions help customers who wish to take
their money in or out of
Business products
Credit Cards: We provide flexible options to help our small business owners manage their everyday expenses and cash flow.
Deposits and Transactions: We also offer flexible, day-to-day banking products to help our business customers manage their cash flow.