To understand the world of banking and finance, you have to know the relevant terms. Tons of these banking terms will leave you scratching your head as to what they mean. But luckily, we’re here to tell you all about the most important ones.
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What Is Commercial Banking?
You have probably been to your local bank and been met with the term commercial banking. With hundreds of financial service companies competing for business, it’s essential to understand the different banking services available. That way, you can choose the type of institution that best fits your particular needs. So, what is commercial banking anyways?
[Read more…] about What Is Commercial Banking?Choosing a Local Bank When Working Overseas
The age of globalization is in full swing, with travel, business deals, and financial services moving across borders almost without hesitation.
Technology has had a major part in the ability to move between local and international economies, as internet connectivity and cloud-based operations have removed some of the limitations on communication and secure financial transactions. There are plenty of expansion opportunities in global markets, and U.S. citizens and companies are eager to jump in on the action.
[Read more…] about Choosing a Local Bank When Working OverseasOnline Banking Definition: The Pros and Cons
The definition of online banking is a simple one: a bank or institution that is available online.
The ins and outs of online banking are slightly more complex. There are:
- Banks with good interest rates and others with bad rates
- Solely online banks and others with brick-and-mortar locations
- And some with an easy-to-use interface and others that are clunky
Below you’ll find an overview of what the definition of a good online banking experience is to me. As the center of your finances, picking a good bank is often a crucial part of setting up your own personal finance system.
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If learning how to invest is lesson 1 in personal finance 101, then learning how to choose a bank is the pre-requisite to that class.
Understanding how to choose a bank is one of the first things you should learn to do as a consumer! But, for some reason, no one really ever shows you the ropes. Or at least, no one showed me.
That ends today!
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