What is cash bank?

A cash bank is a financial institution that primarily deals with the handling and management of cash transactions. These banks provide a range of services related to cash transactions, including deposits, withdrawals, cash transfers, currency exchange, and other related services.

Cash banks operate primarily on a physical or brick-and-mortar basis, with branches located across various regions. As opposed to online banks, cash banks provide a physical presence where customers can visit to carry out their transactions.

Cash banks may also offer services such as issuance of credit and debit cards, ATM services, and mobile banking facilities. They have large cash reserves and utilize advanced security systems to manage and safeguard customers' funds.

Cash banks play a crucial role in the day-to-day financial operations of individuals and businesses. They offer convenient and secure platforms for carrying out financial transactions and provide a range of financial services to meet the needs of their customers.