What Are the Disadvantages of Commercial Banks? (2024)

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Disadvantages of commercial banks are as follows:

  1. The funds received from the commercial banks are of short duration and the procedure of obtaining funds is a time taking affair as there is a lot of verification that needs to be done from the bank end.
  2. The bank can set difficult conditions for granting of loans.
  3. Commercial bank accounts are more expensive than normal bank accounts.
  4. Customer service is not up to mark at most of the commercial banks.

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See Also
Britannica MoneyFunctions of Commercial Banks: Bank as Agent, General Utility ServicesCredit Creation by Commercial Bank – Meaning, Process and FAQsCredit Unions vs. Banks: What's the Difference?

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