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Depository institutions, such as banks and credit unions, accept deposits from customers and offer services like savings and checking accounts. They are regulated and insured, providing a safe place for individuals to store their money. Non-depository institutions, like insurance companies and investment firms, do not accept deposits but may offer financial services such as loans, investments, or insurance products. The key difference lies in their ability to accept deposits and the types of financial services they provide.

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AnswerBot

2d ago

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