Commercial banks commonly provide checking accounts, savings accounts and various types of loans. Some of their services may overlap with those of investment banks, which focus on speculative transactions such as buying and selling stock.Continue Reading
A commercial bank's main purpose is as a safe place of storage for money. Bank deposits in the United States are usually insured by the FDIC, which guarantees that customers can recover their money if the bank should fail or be robbed.
There are different types of accounts for holding money. Checking accounts allow the customer to write checks on their funds as a form of payment, while savings accounts pay out annual interest on the deposited funds. Both of these basic account types generally come with ATM services and a debit card as well as the ability to send and receive automated recurring payments from the account.
Banks may also issue credit cards and various types of loans to their customers, such as personal loans, auto loans and mortgage loans. Larger branches may also offer the option of renting a deposit box for physical storage of valuables.
Investment services that may be offered by a bank include mutual funds, hedge funds and asset management.Learn more about Banks
Webster Bank offers financial and banking services, such as checking, savings and credit card accounts for both business and personal use in addition to loans and lines of credit for commercial and institutional clients, as reported on the Webster Bank website. For personal banking customers, Webster Bank also offers health savings accounts, overdraft protection, student loans and lending programs for things, such as home mortgages. The bank's business services include loans and lending in addition to treasury investments and international business services.Full Answer >
First Financial Bank offers personal banking services such as checking accounts, savings accounts, mortgage loans, personal loans and home equity loans. The bank additionally offers business banking services such as corporate credit cards, checking and banking accounts and treasury management.Full Answer >
Some services offered by Chase Bank are credit card services, checking accounts, savings accounts and CDs, mortgage and home equity services, auto loans, Chase private client services, personal banking services, debit cards, reloadable cards, merchant services, military banking services, digital banking and services designed for students that include both high school and college student checking accounts. Chase Bank also offers planning and investment services that aid clients in retirement planning, investments, 529 college savings plans, market news and insights, margin lending and annuities, according to Chase.Full Answer >
Schools First Credit Union provides auto loans and related services, checking and savings accounts, eServices, home loans and related services, insurance and related services, and investment, retirement and related services as of November 2015. Schools First Federal Credit Union maintains branches throughout southern California.Full Answer >