Traditional banks refer to financial institutions that have been in existence for a long time and operate under conventional methods. These are brick-and-mortar institutions, as opposed to online or virtual banks, which offer their services through digital channels. Traditional banks typically provide customers with access to physical branches where they can conduct transactions such as deposits, withdrawals, transfers, and loan applications in person. They also offer other financial products like credit cards, mortgages, and investment advice from trained professionals. These institutions are regulated by government agencies and must adhere to certain standards for safety and soundness.