The correct option is PayDay Lender.
Further Explanation:
PayDay Lender is not come under banks category and these are short term loans with high rates and value. Credit Unions are cooperative banks that are owned privately and controlled by their members. Online banks provide services like current account, savings account, debit card, credit card and net banking but they have not physical location near you. Retail banks are normal banks that are providing services like saving and current accounts, personal loans, credit cards and debit cards etc.
A bank is an institution authorized by the government to deal with international and domestic cash to receive money and provide loans to the people. The main services provided by the banks are debit card, credit card, net banking, mobile banking, cheques, withdrawal money , deposit money, issuing demand drafts, online payment etc.
Learn more:
1. Learn more about the property tax
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2. Learn more about the tax on revenue from property
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Answer details:
Grade: High School
Subject: Business
Chapter: Banking System
Keyword:
PayDay Lender, credit union, online bank, retail bank, bank, credit card, debit card, net banking, mobile banking, one time password, account number, saving accounts, current account, high rates, physical location, cheque, withdrawal, deposit, services, cash
