Garnishee Order
Garnishee Order is a common form of enforcing a judgment debt against a creditor to recover money. It can allow the judgment creditor to recover…
Business
What is banker’s right of set-off?
In order to cover a loan in default, a bank has a legal right to seize funds of a guarantor or the debtor. A settlement…
Benefits of an Audit Committee
Benefits of an Audit Committee The audit committee is an operating committee of the board of directors charged with oversight of financial reporting and disclosure.…
Discounting of Bills of Exchange
Discounting of Bills of Exchange This is another popular type of lending by modern banks. Through this method, a holder of a bill of exchange…
Automatic Clearing Houses (ACHs)
Automatic Clearing Houses (ACHs) facilitate the payment of bills without the need to write a check. An ACH can be used to create automatic monthly…
Overdraft
Overdraft: An overdraft allows the individual to continue withdrawing money even if the account has no funds in it or not enough to cover the…
Differentiate in between Branch Banking and Unit Banking System
Differentiate in between Branch Banking and Unit Banking System A bank is one kind of financial institution which deals with money and other monetary instruments…
Classification of Banks
Classification of Banks A bank is one kind of financial institution which deals with money and other monetary instruments and conducts business. Bank receives deposits…
Private Banking
Private Banking Personalized financial and banking services, which are traditionally offered to a bank’s rich and high net worth individual (HNWls). For wealth management purposes,…
Preferred Banking
Preferred Banking Preferred Banking is a powerful and complete solution that combines savings, borrowing, protection, and investments delivered by well-trained relationship managers and enhanced with…
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