Commercial banks offer comprehensive financial services, but they come with significant disadvantages for everyday consumers and businesses. A major drawback is their profit-driven focus, which translates into high loan interest rates, strict collateral demands, and exceptionally low yields on standard savings accounts. Commercial banks are also notorious for imposing numerous hidden fees, including account maintenance charges, overdraft penalties, and costly wire transfer fees. Furthermore, large institutions can be overly bureaucratic, offering impersonal customer service and rigid lending criteria that exclude smaller applicants.