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Home » Top Banks Of USA

Top Banks Of USA

Banks have been the backbone of any economy. They have helped in the development of economy of every country. The top banks of USA have served this purpose from times unknown. They are one of the many reasons for which the country has developed in such a way. The top banks of USA can be divided into various categories. There exist Corporate Bank, Consumer Bank, Private Bank, Asset Management Bank, Custody Bank, Investment Bank and many others that manage significant areas. Some of the top banks of USA include the Bank of America, Citibank, The Chase Manhattan Bank, First Union National Bank Carolina, Wells Fargo Bank, HSBC Bank, Bank Boston, The Bank of New York, U.S. Bank, Washington Mutual Bank, Norwest Bank, National City Bank, Bank One, Summit Bank, Comerica Bank, The Huntington National Bank, Fleet Bank, Crestar Bank, Union Planters Bank and many others.

But before knowing more about the top banks of USA, we should first know what a bank actually is. A bank is defined as a commercial organization, which can be state-owned or privately managed, which provides financial or monetary services to common people as well as to various other business organizations. The financial services include the provision of money in various forms. They deal in lending money to people and in return they earn money. There are banks, which provide loans to the consumers by accepting some type of deposits. These are known as the commercial banks. Some banks are also known to issue bank notes as a legal tender and these are known as Banks of Issue.

There are various typical services offered by all the top banks of USA. Some of them are given below:
    Speedy Money transactions such as wire transfers and cashier's checks. Issue of credit cards, ATM cards and also debit cards. They provide you with safe deposit box where you can store valuables. Cashing as well as the distribution of bankrolls. Advisory services that help consumers manage their finance. Pension and retirement benefits They issue current or checking accounts and savings accounts to individuals as well as businesses. Extending loans to individuals as well as businesses. Cashing of cheques.


Top Banks of USA