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What is Retail Banking & The Features of Retail Banking?

Retail banking offering basic banking services like account checking, savings, loan services and many more. Financial needs can easily be handled with it.

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What is Retail Banking & The Features of Retail Banking?

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  1. Welcome Prominence Bank 

  2. What is Retail banking and what are the features of Retail banking?

  3. What is Retail banking? Retail banking is a bank that works with consumers and for consumers which includes offering basic banking services like account checking, account savings, loan services and many more. Retail customers act as the members of the general public which are there to take care of personal needs of every individual.

  4. Retail banking handles all the financial needs • Retail Bankinghandle sallthe financial needs of business as well as individual so that you can take care of everyday spending as well as life biggest events like buying a home, buying a car, educational loans and many more.

  5. Online Banking • These are also called local bank community and they are specified to offer the same services as the big banks. Online-only banks are also an option, especially for keeping fees to a minimum.

  6. Features of retail banks include: • Money market accounts pay slightly more, with a few restrictions on how often you can spend the money. • Certificates of deposit (CDs) pay more than savings accounts, but you usually need to leave your money untouched for at least several months to avoid early withdrawal penalties. • Safe deposit boxes keep small valuables safe within the bank’s walls (so they can’t be stolen or destroyed while in your home). • Home loans help people buy a home, and second mortgages allow borrowers to refinance existing loans or take cash out of home equity. • Auto loans help people buy a car, and can also be refinanced. • Unsecured personal loans can be used for any purpose and do not require you to pledge collateral. Revolving lines of credit (including credit cards) allow borrowers to spend and repay repeatedly without applying for a new loan.

  7. Offering basic banking services

  8. Contact US Our Website: www.prominencebank.com Phone English Customer Service:+(44) 208 895 6493 Spanish Customer Service:+(34) 910 881 506 Locations Autonomous Island of Mwali Office:Prominence Bank Corp.P.B. 1257 Bonovo Road.Fomboni, Mwali, Comoros, KM Representative Office:Prominence Client Trust Mgmt.Calle Doctor Castelo Nº 4428009 Madrid, Spain Emails Help Desk:helpdesk@prominencebank.com Documents Verify:verify@prominencebank.com Bank Account Opening:account@prominencebank.com

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