Daily Archives: August 22, 2024
A well-structured current account is a cornerstone of efficient business operations. One crucial facility provided by a current account is the cheque book. It is a handy tool to execute payments, manage cash flow, and ensure record-keeping. Requesting a new cheque book is easier than ever, thanks to modern banking conveniences. In this article, we…
Starting a business often begins with a simple, innovative idea and the drive to bring it to life. For many entrepreneurs, especially those venturing out on their own, a sole proprietorship is the easiest and most straightforward way to structure their business. Understanding what a sole proprietorship is and how it works can help the…
Current accounts are important tools for businesses and individuals who need to make frequent transactions. They offer the flexibility required for day-to-day financial operations. While all current accounts allow you to manage transactions, there are significant differences between basic and premium current accounts. Understanding these differences can help to choose the right account type that…
Many people believe a single current account is all they need. However, if you are managing a lot of financial transactions, you need more financial flexibility. Did you know you can have more than one current account? Having multiple current accounts can be the key to better budgeting, organised savings, and even access to better…
You may have come across the term ‘High Net-Worth Individual’ or HNI, especially within the realm of financial services. HNIs hold a unique position and command a certain level of service in different areas of life, including banking. It is no surprise that, to meet the HNIs’ banking needs, current accounts offer specialised services and…
Freelancers usually have the liberty to work according to their comfort levels and skill sets. However, as they do not earn a fixed salary, they are required to manage their client payments and expenses by themselves and might face unique challenges in managing their finances efficiently. Dedicated bank accounts for freelancers help them organise and…
You need to consider many things while running a business like daily operational expenses and monthly salaries for your staff, all of which can be easily managed with a Current Account. It is imperative that you make the best of the Benefits of Current Accounts by opening one, especially if you are in a growth…
Best practices are a crucial element to follow while carrying out the global expansion of your business. While you may have been using your savings account to transact for your business domestically, it is imperative for you to have a Business Account while going global. By choosing to open a Current Account, the bank will…
The current account is an essential type of bank account that is needed to manage day-to-day financial transactions efficiently. Current accounts can be opened by individuals running their businesses, partnership firms, private companies, public limited companies, trusts, societies, associations, etc. It offers flexibility to manage finances with various benefits. Individuals and businesses can have online…
The world is rapidly becoming more digital, and financial tools are no exception. While traditional credit cards have long been the standard for payments and credit access, a new contender is emerging: the virtual credit card. With better security, convenience, and flexibility, virtual credit cards are on the way to becoming a strong alternative to…
Credit card users usually struggle with keeping their finances on track. An effective solution to this is to understand how to read a credit card statement (CC statement). By understanding the details in your statement, you can keep track of your spending, identify unauthorised transactions, and ensure timely payments to avoid late fees, amongst other…
Credit cards offer convenience, security, and a host of benefits, making them ideal for managing everyday expenses and large purchases. But what is a credit card? A credit card is a financial tool that allows you to make purchases now and pay for them later. It is a revolving credit line offered by banks like…
Credit cards are an ideal resource for managing everyday expenses and large purchases. But you can use your credit card up to the credit limit set for the month. Exceeding your credit limit can lead to additional charges known as the credit card over limit fee. Understanding these fees and their impact on your credit score…
While most people associate credit cards with owing money, sometimes you might encounter a credit card negative balance. It is a situation where the bank owes you money.It can be confusing, but it is a sign that your credit card account is in good standing. In this blog, we will explain what a credit card negative…
Have you ever stumbled upon an old credit card that was untouched for months? It may be what’s known as a ‘dormant credit card’. While it might seem harmless to let a credit card sit idle, understanding the implications of a dormant credit card account is crucial for maintaining a healthy financial profile. Read on…