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How to Choose a Bank
The majority of folks won’t have any issues choosing a reliable bank if they use a little common sense. Although it’s true that even well-known banks can fail (as Washington Mutual did in 2008), FDIC insurance will safeguard your funds in certain circumstances. Each owner and per account, it offers $250,000 in coverage. So, a […]
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What are the advantages and disadvantages of Popmoney payments?
Popmoney offers bank-to-bank electronic money transfers. Popmoney for Small Businesses enables enterprises to utilize the service as well. It was first created for payments between friends and family. Although the business is reputable, it is nevertheless advisable to make sure you are not being conned before sending any money. Read More: Different types of Depository […]
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Which Online Banks Offer the Best Services?
Online Banks, Financial institutions that operate largely online (or solely) Financial organizations known as online banks largely (or only) conduct business online, which typically enables them to offer more affordable accounts that are simple to access online or through mobile apps. When choosing the finest online banks, customers can reduce costs on fees and increase […]
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New anti-money laundering guidelines are published by the UAE Central Bank.
New guidelines were released by the Central Bank of the UAE to assist licensed financial institutions (LFIs) in preventing the financing of terrorism and money laundering. The Central Bank of the UAE (CBUAE) has updated its anti-money laundering and countering the financing of terrorism (AML/CFT) guidelines to address the risks associated with payments for its […]
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Why do people use credit and debit cards?
Have you ever considered the benefits of using credit and debit cards? You almost certainly have both cards in your wallet right now, and you’re given the option to select one of them—sometimes in a matter of seconds—every time you make a purchase. You still have doubts about whether you’re making the best decision… and […]
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Facts about Savings Accounts; Some banks offer higher interest rates than money market accounts
A savings account is a deposit account designed to hold money that you don’t need right away or don’t plan to spend right away. A checking account, on the other hand, may allow you to write checks or make purchases and ATM withdrawals with a debit card. Savings accounts allow you to set aside funds […]
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Why KYC Is Not A Burden: What Is KYC? How Important Is It For Everyone?
KYC is a term that should be familiar to everyone who uses banking or financial services. KYC is a process that banks and financial organizations use to verify their customers’ identities and addresses. Know Your Customer is an acronym for “Know Your Customer.” This bank obtains the necessary information from customers in order to defend […]