Financial Services Provided by Banks and Other Financial Institutions

Bill Carmody discusses the evolution of financial services, highlighting the shift from traditional banking to modern online banking and cash apps. He explains the importance of fiduciaries in financial planning and how they differ from financial advisors. The video emphasizes the growing power of consumers in the financial industry, allowing them more control and options in managing their finances.

What are some of the basic financial services that banks provide today?

How have online checking accounts changed the way people manage their finances?

What is the difference between a financial advisor and a fiduciary?

In what ways have consumers gained more power in the financial industry?

What should individuals consider when strategizing their financial future?