Banking

Banking forms the cornerstone of most people's financial lives. While the banking industry has changed dramatically over the years, banks remain the place where most individuals save their money and manage cash flow. New innovations and a broader range of products have made banking more complex, but also more efficient and useful.

Banks range in size from sprawling national branch networks to small community banks. Most provide a wide variety of services-from checking accounts to asset management. The term "bank" can be applied to many different types of institutions, including commercial banks, savings and loans, thrifts, credit unions and online banks.

Banking is one of the most heavily regulated industries, and consumers are afforded much protection. The Federal Reserve regulates all national banks. State banks are regulated by their state banking division and by a federal agency called the Federal Deposit Insurance Corporation. The Office of Thrift Supervision regulates thrifts, including savings and loans. The National Credit Union Administration insures deposits at insured credit unions.

Our use of cookies

We use necessary cookies to make our site work. We would also like to set some optional cookies. We won't set these optional cookies unless you enable them. Please choose whether this site may use optional cookies by selecting 'On' or 'Off' for each category below. Using this tool will set a cookie on your device to remember your preferences.

For more detailed information about the cookies we use, see our Cookie notice.

Necessary cookies

Necessary cookies enable core functionality such as security, network management, and accessibility. You may disable these by changing your browser settings, but this may affect how the website functions.

Performance cookies

We'd like to set cookies to help us to improve our website by collecting and reporting information on how you use it. For more information on these cookies, please see our Cookie notice. The cookies collect information in an anonymous form. Data is only used in aggregate.

Functionality cookies

We'd like to set cookies to provide you with a better customer experience. For more information on these cookies, please see our Cookie notice.