robertfrost22345

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