In this article, we’re looking at the different types of bank guarantee options available. This will include a close look at several popular types of bank guarantees, how to get them, and answers to several common questions we receive about…
Bank account closing letter format will ultimately depend on your bank’s requirements and even the country where you bank. However, in most cases, you will need to submit the same basic information. We’ll share this information along with answers to…
Application for account statements will vary depending on the country you bank in and the type of account access you have. For example, in India, you may need to submit a formal letter to the branch where your account is…
Lien meaning in banking typically refers to a legal claim against an asset being used as collateral in a transaction. As we’ll explain below, a lien can be consensual or statutory. Not surprisingly the specific type of lien can impact…
CRAR full form in banking stands for Capital-to-Risk Weighted Assets Ratio. However, it is also known as a bank’s Capital Adequacy Ratio. Both terms are correct. In this article, we’re going to take a close look at what CRAR stands…
In this article, we’re answering “what is a mailing address?” This will include a comparison to other address options, examples of mailing addresses that you can use, and other important considerations. This article is part of our free series answering…
In this article, we’re answering “what is PPS in banking?” We’ll also be sharing how it works, why it’s used, and which transactions qualify. This article is part of our free series on how to send and receive money, including…
In this article, we’re answering “what is ECS in banking?” We’ll also be sharing how it works, why it’s used, and which transactions qualify. This article is part of our free series on how to send money, including answers to…
Have you ever walked into a bank and asked how to get an international bank account only to be rejected? If so, did the banker ask your nationality and then without knowing anything else tell you “no”? This experience is…
In this article, we’re answering “what’s a guarantor?” This will include a breakdown of the responsibilities of a guarantor in the world of banking along with a comparison to other responsible parties like cosigners. Of course, we’ll also be answering…
In this article, we’re answering “what is a bank run?” But in addition to giving you the standard definition, we’ll also be sharing important nuances to consider, signs to watch for to make sure you don’t get left behind, and…
In this article, we’re answering “What is a nationalised bank in India?” We’ll also discuss how nationalized banks compare to private sector banks and discuss a number of other important nuances below. Plus, we will also answer the most common…
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