What is Business Banking? Types of Business Banking Products!
Business Banking: Business banking is a company's financial dealings with an institution that provides business loans, credit, savings accounts, and checking accounts, specifically designed for companies rather than for individuals. Business banking occurs when a bank, or division of a bank, only deals with businesses. A bank that deals mainly with individuals is generally called a retail bank, while a bank that deals with capital markets are known as an investment bank. There are some banks that deal with both types of clients. Business banking is a range of services provided by a bank to a business or corporation. Services offered under business banking include loans, credit, savings accounts, and checking accounts, all of which are tailored specifically to the business. Banks are able to offer business, retail, and investment banking services under one roof. Understanding Business Banking: Business banking is also called commercial or corporate banking. Banks provide financia