What Different Types of Banks Are There?

Did you know that there a variety of different bank types that people use for different purposes? When thinking about investing your money for the first time, it can be easy to think that all banks are the same. This couldn’t be further from the truth! Here are some of our classifications of different banks and how they help their customers the best. Type One: Retail Banks These types of banks are probably the ones that most people are family with. They offer their customers checkings and savings accounts. Retail banks have a tendency to focus on the general public,…