private payment out of bank is considered as
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Private banking consists of personalized financial services and products offered to the high-net-worth individual (HNWI) clients of a retail bank or other financial institution. ... This offering is usually through special departments, dubbed "private banking" or "wealth management" divisions.
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Answer: Private banking consists of personalized financial services and products ... from involved tasks, like arranging a jumbo mortgage, to the mundane like paying bills.
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