Brick-and-mortar banks are traditional financial institutions that operate through physical branch locations, providing a wide range of services including checking and savings accounts, loans, credit cards, and financial advisory services. These banks offer the advantage of in-person customer service, allowing customers to interact directly with bank staff for personalized assistance and complex transactions. Additionally, brick-and-mortar banks often provide access to ATMs, safe deposit boxes, and other on-site services. While they may have higher fees and lower interest rates on deposits compared to online banks, they cater to customers who value face-to-face interactions and the security of a physical presence. Many brick-and-mortar banks also offer online and mobile banking options, combining the convenience of digital services with the reliability of traditional banking.
