What is a prepaid credit card
A prepaid credit card is a card that is able to ‘store’ money. This money has been previously deposited by the cardholder, a family member or an employer. The card is not a credit card, as no credit is…
What is an ISA
An ISA, which stands for an Individual Savings Account, is a financial product available to residents in the UK. ISAs can include either cash ISAs or stocks and shares ISAs. ISAs were originally introduced by the government as a way of…
How do I open an offshore account
Opening an offshore account offers the opportunity to select from a wide range of offshore banking services. When you decide to open an account in an offshore jurisdiction, you are benefiting from the numerous advantages presented…
What are interest rates
Interest rates are the rates at which interest is charged at for the use of money borrowed by or invested in a bank or financial institution. The money is lent by the bank at a particular rate, which will vary from one institution, and account…
What is a bond
A bond is a form of debt security in which an agreement is entered into by an investor, who loans money to a company or other entity for a defined period of time, in exchange for a predetermined interest rate. A bond is a debt…
What is an internet bank account
An internet bank account is an account that is opened specifically through the use of the internet. An internet bank account is opened with the intention of conducting financial activity specifically online. Many financial institutions…
What is dual banking
Dual banking refers to the United States system of banking where the national government charters and supervises the state and national banks at a federal level or state level. Dual banking provides banks with greater flexibility to…
Why open a corporate account
A corporate account is a bank account designed specifically for the needs of companies and businesses. A corporate account is designed specifically with the intention of dealing with large sums of money in a business-orientated…
What is a Swiss bank account
A Swiss bank account is an account that is opened in Switzerland. It offers a range of benefits, from high interest rates to strong levels of financial stability, and is available to most people, provided that the client has a good banking history…
What is an American Express Centurion Card
The provision of an American Express Centurion card (AmEx) is a service that is considered exclusive to the extremely affluent. Offering an array of unlimited privileges related to a range of industries, the American Express Centurion card…
