Banking Glossary Archives | Starting Business

What are CD rates

CD rates, also known as Certificate of Deposit rates, are primarily used in the USA by banks, thrift institutions and credit unions. They are considered a very safe investment vehicle for investors. CDs are an excellent option of investors…

Read more

Merchant Account

A Merchant Account is a type of bank account which enables debit card and credit card processing between one party and a bank.  Merchant accounts are typically used by e-commerce sites to allow its users to make electronic payments.  A merchant account can also serve as an […]

Read more

Banking License

A Bank License is a form of authorisation which a company is legally required to obtain to trade as a bank or other financial institution for the purposes of providing bank related services. Depending on the jurisdiction you intend to operate you bank from, different types of banking […]

Read more

Debit Card

A Debit Card is also known as a Bank Card.  A debit cards primary use is an alternative payment method than paying by cheque or with cash.  A debit card can be used at ATMS, in Banks and to purchase items ‘over the counter’ in retail outlets.  When […]

Read more

Credit Card

A Credit Card is a type of payment tool which enables the holder to purchase items ro services provided the overall amount does not exceed the credit card limit.  A credit card limit is a fixed amount of money available to the user over a certain period of […]

Read more

Bank Transfer

A Bank Transfer is also known as a Wire Transfer or a Credit Transfer.  A bank transfer is where funds are transferred from one person or entity to another by means of electronic process.  A bank transfer or transfer of funds can be done at the bank, by […]

Read more

Financial Institution

A Financial Institution is a legal entity which provides a wide range of financial related services and products to its customers.  A Financial Institution can ask as an intermediary between two parties or can act on behalf of their clients in some circumstances.  Financial Institutions are typically government […]

Read more

Bank

A Bank is a financial institution which is intensely regulated by the relevant government authorities of the jurisdiction.  A Bank will typically offer a range of financial related services such as the opening of bank accounts, lending services, depositing services, financial advice and investment opportunities.  Some Banks have […]

Read more

Swiss Bank Accounts

Swiss bank accounts are bank accounts formed and used in Switzerland and are known as highly prestigious accounts due to the strong financial stability of Switzerland’s economy.  Swiss bank accounts are difficult to obtain and applicants must satisfy strict procedures to qualify to open one.  Depending on […]

Read more

Bank of England

The Bank of England is the central bank for the United Kingdom, and is more formerly known as the Governor and Company of the Bank of England. The majority of large banks based is the United Kingdom are based around the model of the Bank of England. Initially […]

Read more
1 2 3 ... 5 Next page ›