Which of the following is NOT a typical product type within Retail Banking?

In retail banking, the focus is primarily on products and services designed for individual consumers and small businesses. Checking accounts, home loans, and debit/ATM cards are all designed to meet the needs of personal banking customers and are fundamental offerings in retail banking.

Checking accounts provide customers with a safe place to manage their daily finances, allowing them to deposit funds, withdraw cash, and write checks. Home loans are designed to help individuals finance the purchase of residential properties, making them an essential part of the retail banking landscape. Debit/ATM cards facilitate access to bank accounts and enable customers to make purchases or withdraw cash conveniently.

Commercial mortgages, on the other hand, are typically classified under commercial banking rather than retail banking. These products are aimed at businesses rather than individual consumers, as they involve lending for the purchase or refinance of commercial properties. This distinction is crucial, as retail banking is focused on personal financial products, while commercial banking serves the needs of businesses and larger scale enterprises.