Non-banking institutions differ from banks in that they:

1. Both kinds of institution handle money, so the difference lies in what services they offer. 2. Non-banking institutions provide services such as insurance and pension funds. 3. Keeping valuables such as gold in safe custody is a core function of banks. 4. Mobilising savings and handling customer transactions is likewise core banking work. 5. Providing commercial services to the public is a bank's business too, so three options all describe banks. _Source: NECTA CSEE 2021 Civics 011, Question 1: Multiple Choice, item (vii)_