Do you have a bank account? If so, there’s a good chance you use it primarily for deposit services, withdrawals, and perhaps the occasional loan. But did you know that your bank offers a wide range of services that go beyond just holding your money and issuing you a debit card? From loans and mortgages to insurance and investment advice, banks offer a variety of services to their customers. Here are eight banking services you never knew about.

1. Investment Advice

Did you know that your bank can help you invest your money? Many banks have financial advisors on staff who can provide you with investment advice and guidance. They can help you create a portfolio that meets your financial goals and risk tolerance.

You may be able to find investment advice at your local branch or by calling the bank’s customer service number. Remember that you’re not required to take the investment advice offered by your bank. It’s always a good idea to get multiple opinions before making any major financial decisions.

2. Insurance

Your bank may offer a variety of insurance products, including life insurance, health insurance, and auto insurance. Some banks even offer pet insurance. If you’re in the market for any type of insurance, it’s worth checking with your bank to see if they offer a policy that meets your needs.

One major type of insurance offered by banks is bancassurance services. This is when a bank partner with an insurance company to offer customers a range of insurance products. Customers can often get a discount on premiums if they purchase their insurance through their bank.

3. Retirement Planning

Planning for retirement can seem like a daunting task. But your bank can help you get started. Many banks offer retirement planning services, including 401(k) and IRA accounts. They can also help you estimate how much money you’ll need to save to reach your retirement goals.

Some banks also offer other retirement-related services, such as long-term care insurance and annuities. Be sure to ask about all the retirement planning options available to you before making any decisions.

4. Trust Services

A trust is a legal structure in which one person (the trustee) manages the assets of another (the beneficiary). Trusts can be used for a variety of purposes, including estate planning, asset protection, and charitable giving.

If you’re interested in setting up a trust, your bank can help. Trust services are typically offered by larger banks and trust companies. You’ll likely need to meet with a trust officer to discuss your options and have the trust documents drawn up.

5. Foreign Exchange

If you’re traveling abroad or need to send money to someone in another country, your bank can help. Most banks offer foreign exchange services, which allow you to convert your money into another currency.

You may be able to buy foreign currency at your local branch or through the bank’s online platform. Some banks also have ATMs that dispense foreign currency. Be sure to check with your bank ahead of time so you know what options are available to you.

6. Safe Deposit Boxes

A safe deposit box is a secure storage space that’s typically located at a bank or credit union. Safe deposit boxes come in a range of sizes, and they can be used to store a variety of items, including important documents, jewelry, and even cash.

Safe deposit boxes are typically rented on a yearly basis. The cost of renting a safe deposit box will vary depending on the size and location of the box. Be sure to ask about discounts or promotions that may be available.

7. Credit Cards

Your bank may offer a credit card with special benefits, such as cashback or rewards points. If you’re in the market for a new credit card, it’s worth checking with your bank to see what options are available.

You may also be able to get a lower interest rate on a credit card from your bank. This can be a good option if you carry a balance on your credit card from month to month.

8. Personal Loans

Personal loans are a type of unsecured loan, which means they’re not backed by collateral. Personal loans can be used for a variety of purposes, including debt consolidation, home improvements, and unexpected expenses.

If you’re interested in taking out a personal loan, your bank is a good place to start. You may be able to get a lower interest rate if you have an existing relationship with the bank.

Banks offer a wide range of services that can be helpful for customers. Be sure to ask about all the options available to you before making any decisions. With so many options available, you’re sure to find the perfect fit for your needs.