These banks offer a range of services to consumers and businesses such as checking accounts, consumer and commercial loans, credit cards, and investment products. These institutions accept deposits and primarily use the deposits to offer mortgage loans, commercial loans, and real estate loans.

Do depository institutions offer checking?

Depository services include checking and savings accounts, and transfer of funds (e-payments through online banking or debit cards). A number of regulations affect the rules governing these services and protect your rights to receive timely information about fees and interest paid.

What is the primary function of depository institutions?

The primary function of depository institutions is to provide financial intermediation for individual and corporate savers. By accepting deposits and making loans, depository institutions allow savers with predominantly small, short-term financial assets to benefit from investments in larger, longer-term assets.