Retail / Consumer Banking

Retail banking is generally recognized as the one stop center for just about every banking service a retail client can expect. Some institutions have taken it one step further by offering services that are not commonly associated with general banking.  Investment services, wealth management tools, brokerage accounts, private banking for high net worth clientele, mortgages, retirement planning, and insurance services are all services and products offered to attract and maintain clients whose needs are more than simply writing checks and saving a few bucks.

Security
Just about all major banking institutions are insured by the FDIC. The primary function of the FDIC is to maintain public confidence in the banking system by providing insurance to depositors and taking pre-emptive measures to minimize bank failures. The base coverage amount is $250,000 per depositor for combined deposits in the same bank. However, with joint accounts coverage for a household may be as much $1,000,000.