Group Banking

AAA

DEFINITION of 'Group Banking'

A plan offered by banks that generally provides incentives for groups, such as employees at a company, if the group establishes a banking relationship with the institution. Potential incentives for group banking can include lower interest rates, lower fees and discounts.




INVESTOPEDIA EXPLAINS 'Group Banking'

Some other benefits of group-banking plans include a single point of contact for the group, and a bank contact which is generally more knowledgeable with the group's plan and needs. Also, many banks may offer group seminars.

RELATED TERMS
  1. Bankers' Bank

    A special type of bank that is created by a group of banks. Bankers' ...
  2. Family Offices

    Family offices are private wealth management advisory firms that ...
  3. Credit Union

    Member-owned financial co-operative. These institutions are created ...
  4. Private Banking

    Personalized financial and banking services that are traditionally ...
  5. Caisse Populaire

    A cooperative, member-owned financial institution that fulfills ...
  6. National Credit Union Administration ...

    An agency of the United States federal government that was created ...
Related Articles
  1. Credit & Loans

    The Evolution Of Banking

  2. Insurance

    Your First Checking Account

  3. Options & Futures

    Choose To Beat The Bank

  4. Insurance

    Life After Bankruptcy

Hot Definitions
  1. Turkey

    Slang for an investment that yields disappointing results or turns out worse than expected. Failed business deals, securities ...
  2. Conduit Issuer

    An organization, usually a government agency, that issues municipal securities to raise capital for revenue-generating projects ...
  3. Financing Entity

    The party in a financing arrangement that provides money, property, or another asset to an intermediate entity or financed ...
  4. Hyperinflation

    Extremely rapid or out of control inflation. There is no precise numerical definition to hyperinflation. Hyperinflation is ...
  5. Gross Rate Of Return

    The total rate of return on an investment before the deduction of any fees or expenses. The gross rate of return is quoted ...
  6. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
Trading Center