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Banking Basics
31 posts
How to Deposit Cash in Your Local Banks, ATMs and Online Banks
It’s best to put any extra money in a bank. So, the money is protected from theft, loss or…
What is a Tanda?
DEFINITION A tanda is a rotating savings and credit association (ROSCA) formed by a group of people who know one…
How to Send and Receive Payments with Facebook Messenger
Facebook Messenger isn’t only for chatting. Facebook Messenger allows you to send money (and receive payments) from friends. This is…
How to Open a Bank Online Account
You can open a bank account from the comforts of your home. It should take you only a few…
How do cardless ATMs work?
You can now pay electronically for most things, removing the need to carry cash. The mobile wallet on your phone can…
What is the difference between ACH and wire transfers?
Electronic transfers include ACH and wire transfer. These are often good options for sending or receiving money. There’s no danger…
How to convert percentages to decimals
Understanding and your finances is made easier by knowing how to convert decimals to percentages and vice versa. You need to…
How to Open a Banking Account and what you need.
You’ll have to select a bank, and then provide them with the necessary information. This includes your ID…
What is a wire transfer?
A Wire Transfer is an electronic method for moving funds. The Key Takeaways Wire transfers are a method of electronically…
What is a beneficiary?
DEFINITION A beneficiaryis a person or entity you name to receive your assets upon your death. Your assets will be…