What are depository services?

Depository services are the cornerstone of modern financial markets, offering individuals and institutions efficient, secure, and transparent means to manage their securities.

What is a depository institution?

A depository institution is a place or entity — such as a bank — that allows consumers and businesses to deposit money, securities, and/or other types of assets. There, the deposit is kept safely and may earn interest. To share a bit more detail, depository institutions are financial institutions that: • Engage in banking activities

What are the different types of depository institutions?

There are three main types of depository institutions. Commercial banks, credit unions, and savings institutions are all types of depository institutions. Are commercial banks depositories? Yes, commercial banks are one kind of depository institution where consumers can securely stash their money.