retail banking
Personal account services
Retail banking is the division of banking that serves individual consumers rather than businesses or institutions.
It encompasses everyday financial services: checking and savings accounts, personal loans, mortgages, credit cards, and certificates of deposit.
The term distinguishes these consumer-facing operations from commercial banking or investment banking.
Most people interact with retail banking through their local branch or mobile app.
Act of verification
- savingsAccumulated money kept
- balanceSteadiness or amount owed
- statementExpressed claim or fact
- direct depositFunds sent to account automatically
overdraft · minimum balance · interest · debit card · bill pay · wire transfer · account number · routing number
Unsecured individual borrowing
- auto loanCredit for vehicle purchase
- mortgageSecured home loan
- refinanceObtain new loan terms
- interest rateCost of borrowing money
principal · collateral · secured · unsecured · credit score · amortization · installment · repayment
One who counts
- cashierTill operator
- lobbyEntryway or influence-seeking
- queueOrdered waiting line
- vaultSecure storage chamber
deposit · withdrawal · ATM · customer service · bank manager · account opening · safe deposit box · currency exchange
Payment from checking account
- credit cardBorrowed-funds payment tool
- PINAuthentication number sequence
- chipSmall broken-off piece
- contactlessRequiring no physical touch
rewards · cashback · credit limit · billing cycle · minimum payment · annual fee · fraud protection · card activation
checking
Act of verification
direct deposit · overdraft · minimum balance · interest · debit card · bill pay · wire transfer · account number · routing number · joint account
personal loan
Unsecured individual borrowing
interest rate · principal · collateral · secured · unsecured · credit score · amortization · installment · repayment · loan officer
teller
One who counts
vault · deposit · withdrawal · ATM · customer service · bank manager · account opening · safe deposit box · currency exchange · money transfer
debit card
Payment from checking account
- credit cardBorrowed-funds payment tool
- PINAuthentication number sequence
- chipSmall broken-off piece
contactless · rewards · cashback · credit limit · billing cycle · minimum payment · annual fee · fraud protection · card activation · virtual card
- bankingbank, ATM, ATMs, account, accounts
- Banking servicesloans, mortgages, credit cards, savings accounts, checking accounts
- UK FinanceBank of England, pound sterling, pound, gilts, FTSE
- banking termsaccount number, routing number, balance, FDIC, bank statement
- moneydollar, euro, coin, cash, pound
- global financefinancial hubs, capital flows, exchange rates, foreign exchange, forex
retail bankinginvestment banking
Advisory services for major transactions
capital markets · private equity · securities trading · asset management · underwriting
retail, banker, banking, banks, retailer, retailing, resale, banked, retails