Perhaps you are wondering how to open a corporate bank account or a multicurrency account online or use any of the bank’s services or products without visiting a bank. Though most banks today provide online account-opening services, not everyone can open an account online without undergoing an onboarding time of at least 2–3 weeks. This […]
Banks play a crucial role in our modern economic system, serving as financial institutes or intermediaries that facilitate the flow of money. Banks also offer financial services like credit, investments, tax filing, etc. Most of us interact with banks regularly, and the question is, how do banks make money? So in this blog post, we […]
SBI account users can disable, enable, or partially-enable themselves from all the transaction rights from their Yono SBI mobile banking app and from internet banking to save them from unauthorized transaction. I like this feature for many reasons and mostly for my mother and father, who never use their internet and mobile banking and rely […]
Checking accounts are a fundamental part of life. It is a type of bank account that allows you to deposit money and withdraw it as needed, typically using a check or debit card. These accounts are typically used for everyday expenses, such as paying bills and making purchases. Some checking accounts may also offer additional […]
The “Nostro” and “Vostro” are financial terms used to describe the same bank account. Such accounts are opened up to ease the financial exchange and trades between two countries. By opening these accounts we can eliminate the need of a middle currency (dominating currency) which is used for exchange, for example US$ is a dominating […]