Financial institution

Well, a financial institution is like a big piggy bank where people can save and borrow money. But instead of just one person's piggy bank, it's like thousands of piggy banks all together.

People trust these financial institutions to keep their money safe and help them do things like buy a house, start a business, or save for their future.

Different types of financial institutions include banks, credit unions, and investment firms. They all offer different services, like checking accounts, loans, and investments.

But just like Mom and Dad sometimes tell you that you can't take all the money out of your piggy bank at once, financial institutions also have rules and regulations they must follow so people's money stays safe and secure.