I hear the names of different account types mentioned very often. While you are likely familiar with the standard checking and savings accounts, many other types seek to cater to different interests and goals.

In the world of banking, a transfer isn't just a transfer. There's an entire ecosystem of various types, each with its own unique mechanisms, benefits, and use cases.

I've worked in banking for a few years now. But even so, I still find myself amazed by how many financial institutions I come across while walking or driving around town.