| Wholesale banking is frequently defined as banking | | | | Real estate agents and real estate developers in |
| services which are provided between merchant | | | | addition to market investors and others that |
| banks and other monetary institutions. Although, | | | | operated by purchasing and selling properties or |
| wholesale banking is also a word referred to the | | | | other types of investments use wholesale |
| wide variety of monetary services that are | | | | banking. The advantage of wholesale banking in |
| provided by monetary institutions to various | | | | this application is the ease of access to the total |
| corporations and businesses as well as the | | | | monetary portfolio, which makes transfers and |
| government. Wholesale banking and retail banking | | | | transactions between accounts much easier. |
| are two different things. Banking for wholesale | | | | Wholesale banking also has traits that allow for |
| focuses more on high-value transactions and | | | | efficient transfers of stock ownership, funds and |
| corporate style entities, while retail banking | | | | other monetary instruments between monetary |
| focuses on individual consumers and sometimes | | | | institutions. |
| small companies. Sometimes a bank will engage in | | | | Banking for wholesale packages that are |
| both retail and wholesale banking. | | | | extended to government entities and businesses |
| Banking for wholesale provides the regular banking | | | | can include a range of other monetary services |
| services such as checking and savings, safe | | | | as well. Discounted interest rates are normally |
| deposit boxes, certificates of deposit, annuities, | | | | included as part of the incentive package for |
| retirement funds and other investment | | | | entering into a wholesale monetary arrangement. |
| opportunities. There are lots of packages to | | | | Many of the bigger banks are actually wholesale |
| select from at a wholesale banking company. | | | | banks that don't only deal with governments and |
| Banking for wholesale includes providing a big | | | | large corporations but also deal with regular |
| range of services to big corporations, mid-size | | | | people. You might own a small company and want |
| businesses and small companies. These services | | | | to do business with the wholesale banker, but |
| are frequently offered at a discounted price | | | | don't know where to locate one. You can ask |
| based on the number of services included in the | | | | your real estate representative who helped you |
| package. This approach makes it more attractive | | | | find your trade location if she or he knows of a |
| for a business to place all their monetary matters | | | | good wholesale bank or you can look in the local |
| with a single institution rather than spreading them | | | | telephone book or via the internet and find |
| out into different agencies and banks for each | | | | several wholesale banks willing to do business with |
| banking service that the company needs in order | | | | your small industry. |
| to function. | | | | |