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  2. Types of banks include12:
    1. Retail Banks: Offer banking services for individual needs.
    2. Commercial Banks: Serve businesses and commercial purposes.
    3. Investment Banks: Focus on investment and financial services.
    4. Universal Banks: Combine retail, commercial, and investment banking.
    5. Credit Unions: Non-profit institutions owned by members.
    6. Private Banks: Serve high-net-worth individuals.
    7. Savings and Loan Associations: Provide mortgage loans.
    8. Online and Neobanks: Operate digitally.
    9. Community Development Banks: Support local communities.
    Learn more:

    11 Types of Banks, How It Works and Who They're Best For

    • 1. Retail Banks Retail banks, also referred to as consumer banks or personal banks offer banking services that cater to individual needs. ...

    11 Types of Banks, How It Works and W…

    statrys.com/blog/bank-types

    7 Types of Banks and Their Features

    • 1.Credit unions Credit unions are a non-profit institution that is operated and owned by individuals who pool their money to run the credit union. ...
    • 2. Investment banks ...

    7 Types of Banks and Their Features | A…

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  3. People also ask
    How many types of banks are there?There are 11 types of banks, including Retail banks, Commercial banks, Investment banks, Universal Banks, Credit unions, Private banks, Savings and Loan Associations, Islamic Banks, Green Banks, Challenger banks, and Neobanks. What is the most common type of bank?

    11 Types of Banks, How It Works and Who They're Best For

    statrys.com
    What are the different types of banking institutions?But they’re not all built the same or prioritize the same aspects of banking, so compare their strengths and shortcomings. Here’s a list of the broad types of banking institutions: National banks. Regional and community banks. Credit unions. Online banks. Neobanks.

    How to Choose a Bank - NerdWallet

    nerdwallet.com
    What are the three types of banking?The three main types of banking are Retail Banking, Commercial Banking, and Investment Banking. Retail banking caters directly to consumers, offering services like savings accounts and personal loans. Commercial banking focuses on meeting the financial needs of businesses, from small enterprises to large corporations.

    Types of Banking: Commercial, Retail, and Investment Banks

    finscape.org
    What are the 4 types of bank accounts?The four basic types are checking account, savings account, certificate of deposit and money market account. Each kind of account serves a different purpose. For instance, a checking account is geared toward covering everyday expenses, while a savings account is designed to help achieve short-term financial goals.

    What Types of Bank Accounts Are There? | Banking Advice | U.S. News

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  4. GOBankingRates
    https://www.gobankingrates.com/banking/banks/types-banks

    9 Types of Banks and Their Benefits - GOBankingRates

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  5. Statrys
    https://statrys.com/blog/bank-types

    11 Types of Banks, How It Works and Who They're Best For

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    Lists of banks - Wikipedia
    en.wikipedia.org
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  7. SmartAsset
    https://smartasset.com/checking-accou…

    8 Common Types of Banks - SmartAsset

    WEBMay 30, 2023 · Here are eight common types of banks and how they can affect the economy and your bottom line. A financial advisor can help …

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    • Investopedia
      https://www.investopedia.com/terms/b/…

      How Banking Works, Types of Banks, and How To …

      WEBMar 28, 2023 · There are several types of banks including retail banks, commercial or corporate banks, and investment banks. In the U.S., banks are regulated by the national government and by...

    • Bankrate
      https://www.bankrate.com/banking/types-of-banks

      Which type of bank is right for you? - Bankrate

    • The Balance
      https://www.thebalancemoney.com/typ…

      What Are the Different Types of Banks? - The Balance

      WEBJan 29, 2022 · Different types of banks provide different services. They may specialize or cover multiple areas (retail, commercial, and investment, for example).

    • NerdWallet
      https://www.nerdwallet.com/.../how-to-…

      How to Choose a Bank - NerdWallet

      WEBMar 14, 2024 · 1. Understand the types of bank accounts. 2. Know what banking experience you want. 3. Pick your must-have features. 4. Compare similar options. MORE LIKE THIS Savings Accounts Banking....

    • Investopedia
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      Different Types of Financial Institutions - Investopedia

      WEBSep 19, 2023 · The major categories of financial institutions are central banks, retail and commercial banks, internet banks, credit unions, savings and loan (S&L) associations, investment banks and...

    • Credit Karma
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      WEBOct 12, 2021 · From this broad term, banks (and financial institutions offering similar services) can be broken down into several smaller categories, including retail banks, savings and loan associations, …

    • Forbes
      https://www.forbes.com/.../banking/ho…

      What Is A Bank And How Does It Work? - Forbes

      WEBMar 31, 2022 · There are several types of banks (see Types of Banks below). Here we’re mainly referring to retail banks. What Is a Financial Institution? A financial institution is an entity that engages in...

    • Investopedia
      https://www.investopedia.com/how-to-choose-a-bank-5183999

      How to Choose a Bank - Investopedia

    • The Motley Fool
      https://www.fool.com/the-ascent/banks/guides-tools/types-accounts

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    • Forbes
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      Types Of Bank Accounts – Forbes Advisor

    • Capital One
      https://www.capitalone.com/bank/money-management/...

      Banking 101: Banking Products and Services | Capital One

    • finscape.org
      https://finscape.org/types-of-banking

      Types of Banking: Commercial, Retail, and Investment Banks

    • Policy Advice
      https://policyadvice.net/money/guides/different-types-of-banks

      Different Types Of Banks Explained - Policy Advice

    • The Balance
      https://www.thebalancemoney.com/types-of-bank-accounts-315458

      Types of Bank Accounts: Options, Benefits, and Drawbacks

    • US News
      https://www.usnews.com/banking/articles/what-types...

      What Types of Bank Accounts Are There? - U.S. News

    • NerdWallet
      https://www.nerdwallet.com/article/banking/largest-banks-in-the-us

      20 Largest Banks in the U.S. - NerdWallet

    • Moneywise
      https://moneywise.com/banking/banking-basics/types...

      5 Types of Bank Accounts Explained | Moneywise

    • Bankrate
      https://www.bankrate.com/banking/types-of-bank-accounts

      Understanding The Different Types Of Bank Accounts | Bankrate

    • FDIC
      https://www.fdic.gov/resources/tools/bank-data-guide/banks.html

      FDIC: Bank Data Guide - Banks

    • Bank Branch Locator
      https://www.bankbranchlocator.com/banks-in-usa.html

      List of All Banks in U.S. - Bank Branch Locator

    • TIME
      https://time.com/personal-finance/article/best-banks-in-america

      Best Banks in America August 2024 | TIME Stamped

    • Business Insider
      https://www.businessinsider.com/.../best-online-banks

      Best Online Banks of August 2024 - Business Insider

    • Bankrate
      https://www.bankrate.com/loans/personal-loans/...

      6 Types Of Bad Credit Loans And Their Uses | Bankrate

    • Charles Schwab
      https://www.schwab.com/learn/story/types-of-mortgage-loans

      5 Types of Mortgage Loans to Consider - Charles Schwab

    • Reuters
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      Ransomware attack forces hundreds of small Indian banks offline ...

    • CNN
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    • FDIC
      https://www.fdic.gov/resources/bankers/community...

      Monthly List of Banks Examined for CRA Compliance - FDIC

    • Sky News
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      Ask a question or make a comment - Sky News