Money transfer is a process that involves electronic moving of money from one bank account to another or from one person to another via a specific channel. It may be traditional through a wired system and MoneyGram or via modern online methods. Currently, the best way to transfer money internationally is by using online money…
Green Dot card is a prepaid card from the Greendot corporation founded by Steve Streit in the year 1999 for teenagers to shop online. However, in 2001 the company diverted its attention to serving the unbanked or underbanked groups. Recently, Greendot is the world’s largest prepaid debit card company according to market capitalization. It issues…
A check is a document instructing a bank to withdraw money from the writer of the check to the account of the person whose name is on the check. It is a form of transferring money from one account to another. The person writing the check is the drawer. He or she has a bank…
Are you in a serious bad credit situation that is barring you from getting financial services such as loans and lines of credits? If that is the case, then relax as today, I have brought a solution on how to prevent further suffering. You need to start building your credit score now. The Credit One…
A checking account is a deposit account with your bank whereby you can access funds easily and at any time without limitations. You can call it an emergency account if you want. If you made a mistake and closed your bank account with some uncleared fees or overdrafts, you can apply for a second chance…
A bank account is a special entity created for you by a bank whereby you can deposit money to earn interest per given time, receive a salary, receive funds from other people, or send money to others. When you open a bank account, the bank gives you an account number that identifies you. In this…
A bank account is a kind of financial setting that allows a customer to deposit, receive, or send money. It is unique for each customer whereby each one of the available customers has a bank account number distinguishing them from the others. However, without a bank account, there are options on how to send money…
Different types of accounts exist in financial institutions. Some of these accounts include savings accounts, money market accounts, and checking accounts, among others. A checking account is a type of account that allows access to money anytime from your bank. Many financial institutions offer a free online checking account no opening deposit to any willing…
Money has been an important necessity to satisfy human needs and wants since civilization started. Early civilization saw some rare items such as gold and cowrie shells acting like money. Today, we have more advanced and more secure currencies. We have mechanisms to send money from one place to someone in another place. You can…
A debit card resembles a credit card in physical appearance. It has plastic as the primary material. In addition, it has a card number, account number, magnetic strip and the card holder’s name. Similar details appear in a credit card. However, the main difference is how they operate. You can send money with checking account…
