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Banking Questions and Answers (Q&A)

Barry Mclean, Sales Manager
Answered: Apr 10, 2019
The correct answer to this question is interest. It is a payment from a borrower to a lender. Interest is more than the rate of the amount borrowed. Historian Paul Johnson dates this practice...Read More

2 Answers

379 views
B. Strickland, Sales Manager
Answered: Jun 11, 2020
During electronic banking procedures, whether there is a deposit or withdrawal, the transaction goes through the Automated Clearing House or the ACH. There are two kinds of ACH transactions,...Read More

2 Answers

14 views
G. Roland, Professor
Answered: Apr 26, 2020
Mobile banking is a service that allows the customer to perform banking dealings using a cellular device, and internet banking is a banking operation executed over the internet through the...Read More

1 Answer

11 views
A. Samuel, Content Manager
Answered: May 19, 2020
A money order is a form of payment method in which the full payment is made upfront instead of withdrawing it when the recipient’s cash it. This method is the reason why it is said to be a...Read More

2 Answers

9 views
Christian Jackson, Content Developer
Answered: Aug 06, 2020
IMPS stands for Interbank Mobile Payment System of Immediate Payment System, which allows people to transfer funds from one bank account to another. These transactions can take place in less than...Read More

3 Answers

7 views
Anthony Paul Bonadio, Teacher
Answered: Jul 12, 2020
Microfinance is the process of providing financial aid and services to people who have low incomes. This process includes people who find it difficult to gain an advantage from these services...Read More

1 Answer

6 views
D. Loukas, Maths Professor
Answered: Aug 20, 2020
• Dial the number that is on the sticker at the front of your credit or debit card. Most cards usually come with stickers that are attached to the front of the card. The sticker has a phone...Read More

2 Answers

5 views
J. Rogers, Rosshazlewood
Answered: Jul 10, 2020
Some people can become confused with the differences between a cashier’s check and a certified check. A cashier’s check is the type of check that has been signed by the bank. When you...Read More

1 Answer

4 views

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