by DollarBillionaire™

High-Performance Individuals understand banking and the various types of banks that exist.  Here we define the various Types of Banks that exist and give a broad summary overview of how these banks operate.


In this Teaching Document, you will find the DollarBillionaire ™ Guidance Notes on the various Types of Banks.

Written by Barron Hall. Revised and Updated Friday 23 August 2019.

Table of Contents: [toc]

Definitions of the Various Forms of Banks

DollarBillionaire™ is pleased to present to you clear and concise up-to-date definitions of all of the major bank types found in the world as of 2019.  These definitions were created by Barron Hall for the use of our Wealth Creation Mentees.  They also form a useful reference for anyone interested in the Banking World of 2019.

Retail Banking Definition

Commercial Banking Definition

Investment Banking Definition

Merchant Banking Definition

Types of Banks

Over the centuries the world of banking has evolved many varied forms of banking.  Some of the forms of banking are so similar that it is difficult to tell them apart.  Investment Banks and Merchant Banks, for example, are very much the same, and yet they are different in some subtle ways.  Retail Banks and Commercial Banks are indeed exactly the same types of financial entities.

For the High-performance Individual, it is extremely valuable to be aware of these differences amongst bank types.  Banks are there to serve a purpose.  These purposes always revolve around the use and transfer of money and the creation and protection of wealth.  High-performance Individuals need to know which type of bank to reach for in any given situation.


Top banks include JPMorgan Chase, Bank of America Merrill Lynch, Goldman Sachs, Morgan Stanley, and Citibank.

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Graphic: Types of Banks

Types of Banks


DollarBillionaire™ Quick Reference Notes

This document is part of the Extensive set of Concise, Up to date, Quick Reference Notes made available to our Mentees to empower them with the knowledge, skills, rules, secrets, and tips needed to create massive wealth.   For each Topic, there is a Knowledge Base, Rules, Secrets, and Guidance Notes. These DollarBillionaire™ Documents are a Subset of the Wealth Creation Syllabus that is taught to all of our Mentees.

These Knowledge Bases, Rules, Secrets and Guidance Notes cover Topics highly relevant to Wealth Creation. They start with Health, Energy, Creativity and Vitality Rules and Secrets.  Dead men make no money.  For our wide-awake audience, we also include notes covering Banking, Bitcoin, Money, Investment, Business, Entrepreneurship, Motivation, Cash, Success, Prosperity, Abundance, Wealth, and Freedom.

We also supply Notes on Affiliate Marketing, Digital Marketing, SEO, PPC, Investing, Bitcoin Trading, CFD Trading, Day Trading, Derivative Trading, Mean Reversion, Money Flow Index Strategy, Forex Trading, Futures Trading, Options Trading, Scalping, Swing Trading, Technical Analysis, Trading EFTs, and Penny Stocks.  Our Mentees can pick and choose useful items.

Studying, Understanding, Remembering, Implementing and Maintaining over time this Knowledge and Wisdom will empower you to Create Revenue, to build multiple Streams of Income, to create Passive Income, to Build Wealth, to Invest Wealth, to Protect Wealth and to Enjoy Your Success, Prosperity, Abundance, Wealth and Freedom.


Wealth Creation Mentoring of Millionaires and Billionaires


DollarBillionaire™ provides Wealth Creation Mentoring and a World Class Mentoring System that empowers an individual to achieve Success, Prosperity, Abundance, Personal Freedom, Financial Freedom, and Massive Multi-Millionaire and Billionaire Class Wealth.  This is achieved by a One-on-One Long-term Personal Relationship between DollarBillionaire™'s Mentor and the Mentee.

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