Retail banking services such as checking and savings accounts, certificates of deposit (CDs), personal or business loans and investments help you learn to manage your money wisely. Consumer banks work directly with the consumers rather than through corporations or other banks.

Local branches of larger commercial banks give you an opportunity to get the strong customer service and relationships of a small bank with the resources of a large one. Whether for your individual or business accounts, consider retail banking to learn how to manage your money, start or update your business and save for retirement.

Choose retail banks to:

1. Secure competitive interest rates and low fees using consumer banking.

2. Work with a personal banker to help you decide how to manage your funds responsibly.

3. Apply for a business loan or personal loan and a line of credit to get the things you need to keep your company on the rise.

4. Visit branches all over the United States or use online retail banking to keep track of your funds wherever you travel.

Action Steps
The best contacts and resources to help you get it done

Look locally for consumer banks in your area

Choosing a local retail bank means you don't have to go far for great service. Many commercial banks have branches all over your state, hiring local employees and investing in your local community.

I recommend: Consider national banks like Wachovia and Washington Mutual, which offer many types of services for both your home and your business. Retail banks allow you to combine services without charging you a fortune in interest and fees.

Apply for retail bank services online or contact a personal banker

Set up an appointment to discuss your funds with a personal banker. Contact retail banks online, by phone or in person and meet at a time that is convenient for you. Bring a list of questions and concerns with you to make sure you cover all your needs.

I recommend: Contact Bank of America to discuss small business, personal or corporate services. Use online resources to decide which accounts are best for you. Chase offers assistance in auto loans, retirement planning, mortgages and even investments to make sure your money works for you.

Tailor your consumer bank accounts to your specific needs

Take in your list of requirements and allow the retail banking industry to customize a plan with your specific needs in mind. Ask about services like payroll, direct deposit and employee banking.

I recommend: Choose a bank like Wells Fargo for services in commercial or small business banking. US Bank offers you employee services that save your staff money and allow them to save for their future locally and online. Consumer banks help you keep your business and personal funds strong.

Take advantage of online consumer banking to make managing your accounts easier

Choose the retail services bank that best fits your situation and begin managing your accounts online during or after normal business hours. You can check deposits and withdrawals, make transfers and change account information without ever having to leave your office or home.

I recommend: Enroll in National City online services when you sign up for an account with the retail bank. Taking advantage of the free PNC Bank services is easy--you get access to bill pay setup, online statements and account summaries to keep you on top of your own funds.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  Compare rates from the retail banks in your area. Choose the bank with the best rates, lowest fees and best customer service.
• •  Consider investment programs for your employees. US Retail banks offer assistance to you and your employees, giving them discounts on services and ways to save for the future.