Personal Banking Archives | Starting Business

What is a numbered account

A numbered account is a specific type of bank account that is offered by Swiss banks. Instead of specifying the customer’s name and other information, the account will have a code number attached to it. The purpose of disguising the identity of the account holder with a number is to ensure that the individual receives utmost privacy and confidentiality with regards to their…

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What is a checking account

A checking account is a specific type of bank account provided by financial institutions which allows individuals and businesses to deposit money and withdraw funds from a legally protected account. Most banks offer checking account services to their customers; however the terms of each account will differ from one bank or financial institution to another…

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What is a joint account

A joint account is an account opened by two or more individuals. Any individual who is a member of the joint account can withdraw or deposit money to the account. Normally, joint accounts are opened by business partners or close relatives…

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What is a deposit account

A deposit account refers to an account offered by a financial institution that operates as a savings bank account. A deposit account is regarded as an advantageous investment that enables the capitalization of a person’s funds. There is a range of deposit accounts available, depending on your particular needs…

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Which savings account do I require

The purpose of a savings account is to store funds that have been accumulated over a certain period of time. A savings account can prove to be a positive investment when deciding where to invest your savings, and selecting the right one will assist you in ensuring that your funds are offered the utmost protection and opportunity to grow…

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What is an ISA

An ISA, which stands for an Individual Savings Account, is a financial tax saving product. It can include cash ISAs or stocks and shares ISAs, and is available to residents of the United Kingdom. ISAs were originally introduced by the government as a way of encouraging personal account holders to save money. A broad range of investments…

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Advantages of expatriate banking services

The attractions of an expatriate lifestyle are many and varied with numerous advantages to relocating overseas. Once you have relocated or are about to relocate, it is important to make full use of the expatriate banking services available to you and to be fully aware of the expatriate banking services…

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