What are the Functions of a Custodian Bank?

[Suba]

Custodian banks are very different from the general banks that we use every day, whether for saving, withdrawing money or deposits, custodian banks focus more on managing investment assets for both individuals and institutions. In other words, a custodian bank is an institution that provides investment portfolio custody services related to securities and mutual funds. Some well-known global custodian banks, for example: JPMorgan Chase, Bank of New York Mellon, State Street, Bank of China, OCBC Sekuritas Indonesia, etc.

 

[Augusta]

Yes, I agree with you, custodian bank is an institution that offers investment portfolio custody services related to securities and mutual funds to Peron's or some institutions

 

[Starmix]

I am not so familiar about a Custodian bank but I understand that all investments that are under their supervisions are put in safe measures
for they are under their custody.

 

[Stardom22]

For me l can say that l have never engaged on the custodial banks for sure. I am used to the normal saving banks for that matter.

 

[Starmix]

Custodian banks are for the corporate world not for the ordinary personas,only banking locally is the most convenient for them and those who have jobs and businesses small or big.