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Business Glossary
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Definitions for: retail banking
Dictionary of Banking Terms
retail banking

banking services offered to the general public. Retail banking services are a group of financial services that includes installment loans, residential mortgages, equity credit loans, deposit services, and individual retirement accounts. In contrast with wholesale banking or corporate banking, retail banking is a high volume business with many service providers competing for market share. Some retail banking services, for example, credit cards, are among the most profitable services offered by financial institutions.

Copyright c 2006, 2000, 1997, 1993, 1990 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.

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Industry Associations

Industry Associations
National Retail Federation
Represents state retail associations, several dozen national retail associations, as well as large and small corporate members representing the breadth and diversity of the retail industry's establishment and employees. Conducts ...

Founded: 1990
Dues: retailer (minimum), $175 annual; retailer (maximum), $2,970 annual; international retailer, $195-$1,250 annual; national association, $400-$1,000 annual; company (minimum), $500 annual; company (maximum), $8,000 annual; university and educational institution, $150 annual; local association and chamber of commerce, $100 annual.

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