What is a Commercial Bank? A commercial bank is a profit-seeking financial institution that accepts deposits from customers for a lower interest rate. It uses that money to provide business loans at a higher interest rate. Commercial banks also offer merchant services, treasury services, mortgages, credit, and debit card services. ( wall street mojo and Invest ) Advantages of a commercial bank – They provide timely financial assistance. – The loans are provided with many simple formalities. – Less chance of fraudulent activity. – Safety for money and valuables. Disadvantages of a commercial bank – Higher costs charged for nearly every service – Funds are only available for a significantly less amount of time. – Higher rate of interest – Complex terms and conditions For more details on this topic, refer to our article at: https://www.wallstreetmojo.com/commercial-bank/ Follow us at: Youtube ➤ https://www.youtube.com/channel/UChlNXSK2tC9SJ2Fhhb2kOUw Linkedin ➤ https://www.linkedin.com/company/wallstreetmojo/ Facebook➤ https://www.facebook.com/wallstreetmojo Instagram➤https://www.instagram.com/wallstreetmojoofficial/
What is …