Life is full of uncertainties. Your car may suddenly break down, or you may have to cover an unexpected medical treatment bill. Short-term monetary goals include not only being able to cover unexpected emergencies, but also for purchases such as a new car, home improvement costs, a University degree, a family trip away, and so… Continue reading Short-Term Monetary Goals
blog
How Much Time Does it take for SWIFT Transfer?
Whether you’re a student, a globe-trotter, an entrepreneur, or a stay-at-home mom, you’ll most likely need to make an international money transfer at some point. In a time of technological advancement, wire transfers provide consumers with instant or at least quick financial solutions. Unlike checks and deposits that can be held by banks for days,… Continue reading How Much Time Does it take for SWIFT Transfer?
How Much Money Can You Have in Your Savings Account?
When it comes to answering the question: how much money can you have in your savings account, the answer, more often than not, is as much as you like. There is rarely a limit to the amount of savings you can have, be that in a single account, or split across multiple banks. That isn’t… Continue reading How Much Money Can You Have in Your Savings Account?
How Quick Is A Wire Transfer?
Wire transfers are one of the most common ways to move cash from one account to another, both domestically and internationally. Apart from banks, several other financial institutions offer wire money transfer services, including credit unions and online money transfer platforms. In the past, wire transfers were done through telegraph wires, but today they involve… Continue reading How Quick Is A Wire Transfer?
How Much Can Be Transferred Without Having to Report It?
Currency transfers of up to $10,000 can usually be sent using an online service, without having to report the transaction. There are lots of reasons you might transfer cash. It might be a payment to a friend or family member, a contribution to a money pool, or perhaps an international transfer to someone overseas. You… Continue reading How Much Can Be Transferred Without Having to Report It?
How Does A Bank Wire Transfer Work?
A bank wire transfer is a fast, reliable, and secure way to send money to someone. To start a wire transfer, you simply go to your bank and request a transfer from your account to a recipient’s account. Then, the bank processes the request and the recipient receives the money within a couple of hours… Continue reading How Does A Bank Wire Transfer Work?
What’s the Safest Way to Receive Money?
If you sell products or provide services, whether physically or online, you need several ways to receive quick and convenient payments. Sometimes a friend or family member may want to send you a bit of cash to tide you over a rough patch. A few decades ago, receiving money from thousands of miles away was… Continue reading What’s the Safest Way to Receive Money?
Are Wire Transfer Funds Available Immediately?
Wire transfers are a fast and secure way of sending and receiving money. But are wire transfer funds available immediately? Unfortunately, no. Although wire transfers have become more advanced these days, you don’t always get your cash instantly, especially if you are wiring money overseas. Funds can take between a few minutes to a few… Continue reading Are Wire Transfer Funds Available Immediately?
Which is the most stable currency in the world?
A stable currency is one that has proven over time that it can consistently perform its functions as a means of exchange, a unit of account, and a store of value. Put simply, a stable currency is one whose exchange rate with other world currencies doesn’t fluctuate greatly. To answer the question, ‘which is the… Continue reading Which is the most stable currency in the world?
How Long Does an Electronic Funds Transfer Take?
Wire transfers, electronic banking, and online financial services make money transfers faster and more convenient than ever before. Some electronic funds transfers are completed almost instantly when money is debited from the sender and credited to the recipient as soon as the transaction is completed – but this is not always the case. Electronic funds… Continue reading How Long Does an Electronic Funds Transfer Take?
