Category : Business Banking

In 2020, 6.51% of non-cash payments were made by check. Checks were used for 6.51% (or a total of 66,560) of all non-cash payment in 2020....

DEFINITION Commercial Loans is a business-oriented offering that focuses on global trade services and treasury management services. The Key Takeaways Commercial banking offers businesses a range...

Many business owners would prefer that you pay with cash, debit card or a check. You might be wondering why certain stores and restaurants do not...

You will always be at risk when you buy or sell something, especially if the company you are dealing with is unknown to you. Even if...

Microfinance, also known as “microcredit”, is a method of providing small business owners with capital. These small businesses and individuals often don’t have the traditional financial...

DEFINITION A irrevocable Letter of Credit is a contract between a buyer, usually an importer, and the bank. The bank agrees that it will pay the exporter (seller)...

A Bank Guarantee is an assurance from a financial institution that, if one party defaults on their debt or obligations, they will cover the loss of the...

Remote deposit allows you to make payments without having to send paper checks to the bank or credit Union. You can make faster deposits by scanning or...

Lockbox Payments can help streamline your business’s way of accepting money from clients and allowing it to access the cash. A company creates a P.O. When a company...

DEFINITION Retail Banking is the everyday banking between customers and their banks. Retail banks offer basic banking services to consumers, such as checking accounts, savings account, and...