Definition
Retail Bank
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A retail bank is a bank that lends money to the general public of consumers.
Some of the products they sell include:
- Mortgages
- Personal loans
- Credit cards
- Car loans
- etc
Not all lenders are retail banks.
Other types of banks include:
- Investment banks
- Wholesale banks
- Commercial banks
- etc
Most consumers only deal with retails banks in their lifetime.
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