Advantage of commercial bank
More Locations:The most noticeable advantage of commercial banks is their retail store setup. Most are large, global companies, and they have hundreds of retail locations in major cities. This gives you the ability to access your money and accounts from virtually any location.
Discounts: Another advantage is commercial banks' ability to provide low prices. They act like wholesale companies buying in bulk and selling at a discount. Most commercial banks will not charge fees to open or maintain checking and savings accounts, and their real estate loans are usually offered at low interest rates.
More Locations:The most noticeable advantage of commercial banks is their retail store setup. Most are large, global companies, and they have hundreds of retail locations in major cities. This gives you the ability to access your money and accounts from virtually any location.
Discounts: Another advantage is commercial banks' ability to provide low prices. They act like wholesale companies buying in bulk and selling at a discount. Most commercial banks will not charge fees to open or maintain checking and savings accounts, and their real estate loans are usually offered at low interest rates.
