Banking

Nostro Account vs. Vostro Account: What’s the Difference?

Nostro Account vs. Vostro Account “Nostro” and “Vostro” are terms used to describe a bank account that one bank has on deposit with another,

Investment Banks vs. Merchant Banks: What’s the Difference?

Investment Banks vs. Merchant Banks: An Overview There are two different types of financial institutions known investment banks and merchant banks. These banks are

Tier 1 Capital

What Is Tier 1 Capital? Tier 1 capital refers to the core capital that a bank uses to fund its business activities for clients.

How Overdraft Provides Protection

What Is an Overdraft? An overdraft happens when you don’t have enough money to cover a transaction, but the bank allows it anyway. Even

Understanding Money Orders

What Is a Money Order? A money order is a certificate, usually issued by a government or banking institution, that allows the stated payee

What Is Disbursement

What Is Disbursement? Paying out money is called disbursement. This term can describe injecting money into a business’ operating budget, delivering a loan amount

Credit Union Definition

What Is a Credit Union? Ranging in size from small, volunteer-only operations to large entities with thousands of participants spanning the country, credit unions

How Depositories Work

What Is a Depository? A depository is a facility where something is deposited for storage or protection. It can also be an institution that

Deposit Definition

What Is a Demand Deposit?   A DDA account is a bank account that allows the account holder to withdraw deposited funds at any

Understanding Commercial Banking

What Is a Commercial Bank? Most people do their banking at a commercial bank, a financial institution that accepts deposits, offers checking account services,

Nostro Account vs. Vostro Account: What’s the Difference?

Nostro Account vs. Vostro Account “Nostro” and “Vostro” are terms used to describe a bank account that one bank has on deposit with another,

Investment Banks vs. Merchant Banks: What’s the Difference?

Investment Banks vs. Merchant Banks: An Overview There are two different types of financial institutions known investment banks and merchant banks. These banks are

Tier 1 Capital

What Is Tier 1 Capital? Tier 1 capital refers to the core capital that a bank uses to fund its business activities for clients.

How Overdraft Provides Protection

What Is an Overdraft? An overdraft happens when you don’t have enough money to cover a transaction, but the bank allows it anyway. Even

Understanding Money Orders

What Is a Money Order? A money order is a certificate, usually issued by a government or banking institution, that allows the stated payee

What Is Disbursement

What Is Disbursement? Paying out money is called disbursement. This term can describe injecting money into a business’ operating budget, delivering a loan amount

Credit Union Definition

What Is a Credit Union? Ranging in size from small, volunteer-only operations to large entities with thousands of participants spanning the country, credit unions

How Depositories Work

What Is a Depository? A depository is a facility where something is deposited for storage or protection. It can also be an institution that

Deposit Definition

What Is a Demand Deposit?   A DDA account is a bank account that allows the account holder to withdraw deposited funds at any

Understanding Commercial Banking

What Is a Commercial Bank? Most people do their banking at a commercial bank, a financial institution that accepts deposits, offers checking account services,

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