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Financesyrup ยป Traditional banking system

Traditional banking system

What is Traditional Banking?- Advantages and Disadvantages

March 20, 2025 by Achugamonu Uzoma

what is traditional banking

A bank is a non-profit organization that provides banking services. Receiving deposits, lending money, and processing transactions are all examples of traditional banking services. Some banks issue legal tender banknotes. Many banks offer ancillary financial services to generate additional revenue, such as selling insurance, investment products, or stock brokerage. Traditionally, a bank makes money by […]

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