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Banks in the United States-A Basic Understanding

Feb 10, 2019 | Cash Expense, Check Printing Software powered by Zil Money is a financial technology company, not a bank or an FDIC member. offers banking services through partnership with FDIC member banks Silicon Valley Bank, Texas National Bank, and East-West Bank.

Banks in the United States serve as significant economic support for people regardless of age and financial status. It is very much essential to know about the functions of banks as an American citizen. This article is a dynamic analysis of the Retail and Commercial Banks in the United States-their systems and functioning style. A fair knowledge of Retail and Commercial Banks will help you in dealing with your transaction-based activities.


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Categorization of Banks in the United States

Categorization of the Banks in the United States

The working scenario of almost all the Banks in the United States is on the same platform. All of the Banks in the United States give utmost importance to customer service. Besides, all of the Banks in the United States try to incorporate all the latest technologies in their functioning. It helps to enhance the interaction between banks and customers easily.

Retail Banking Scenario

Retail Banking scenario

These Banks are of one category that is very common in the United States. The primary function of retail banks is to promote savings and transaction accounts. Retail banks also involve in providing mortgages, loans, and all sorts of debit and credit services. The lion’s share of spending that Americans do through retail banks. This proportion comes around seventy percent, interestingly.

Retail Banking Working Assortment

Retail banking-working assortment

The retail banks’ leading portfolio in the United States is to invite money from consumers as deposits. We also provide various loans and issues with several credit types. The economic experts opine that retail banks in the United States are necessary for four of the American economy’s continued functioning. Retail banks can term as the treasury of our economy. Above all, graph retail bank’s popularity in the United States is always up and never down. In short, consistent performance is the word that can use while describing the banking sector status- retail in the United States. Some of the most popular retail banks in the United States are Bank of America, and well Fargo.

Commercial Banks Scenario in the United States

Commercial Banks scenario in the United States

Commercial banks in the United States are institutions that carry a massive responsibility in accepting deposits, giving out loans for business houses. They also offer other financial services, which include several investment products. The motto behind these banks initially was to enhance financial support for large business houses. The cash flows here manage by a line of credits and other business services.

Commercial Banking-Functioning Assortment

Commercial banking-Functioning assortment

Commercial Banks in the United States are, in fact, the keystone of all sorts of business and financial implications in the United States. They emphasize more on corporate houses rather than individual financial services. It includes providing heavy loans to business firms and treasury management. Besides, it expects that commercial banks’ annual revenue in the United States will be nearly 250 Million dollars by this year. Commercial banks term as a division of large banks. The factor that deals with vast and moderate business firms makes it different from retail banks.

Popular Commercial Banks in United States

Popular Commercial banks in the United States

The commercial banking industry in the United States tries its best to incorporate all technological innovations. Thereby these banks cope with the changing economic environment smartly. Banks now work on the platform of modern corporate thinking. Analyzing the popularity chart, JP Morgan-Chase, the largest bank in the United States and the sixth-largest bank in the world, comes first. Bank of America and Wells Fargo follow the list. City Bank comes in the fourth position. – Powered by Zil Money offers multiple pay and get paid options including check printing and mailing.



Even though the United States’ banking system may seem quite complicating and confusing, it is well defined. The functioning of these banks is on a prosperous platform. In addition to that, this has always stood as a substantial pillar supporting business houses in the United States. It also has served a huge number of individuals in their daily life. Undoubtedly, even after three centuries since its inception, the United States’ banking sector is still growing taller.

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