- Posted by Sean on October 13, 2015 in Banking Global Economies
After two days of debating, the United States Federal Reserve (the Fed) decided not to raise the Federal Funds Rate at its Federal Open Market Committee meeting on the 17th September. Their next meeting is set for the 28th of October, keeping financial traders, analysts and international businesses on their toes. But why is the Federal Funds Rate important to anyone outside of the US? Well, we’re going to explain that – along with some predictions as to what will happen to the rate.
- Posted by Jason on May 31, 2015 in Banking Global Economies
Whether you’re pleased with the recent election results or not, it appears that the Conservatives are here to stay for a second term. But what does this actually mean for remittance senders in the UK? We’re going to take you through the implications of new Tory policies on sending money home, particularly for those of you who have become citizens and those who are new arrivals.
- Posted by Jason on May 28, 2015 in Banking Global Economies
The Development Bank of the Philippines (DBP) is a government owned bank that finances projects within the economy in order to keep it growing. As the name suggests, its goal is to help to develop the Philippines in a way that’s sustainable. We’re going to give you an inside look into the DBP and cover what exactly it does, as well as who it helps along the way.
- Posted by Paul on May 11, 2015 in Banking Global Money Transfer
Sending money online has always been seen as uncertain – after all, you have very little control over the transaction once it leaves your account. Fraudsters and scam artists are well aware of this and have a number of tricks to bleed victims of their hard earned cash. We’re going to take you through the most popular of these international online money transfer scams, so that you can spot and avoid them.
- Posted by Jason on May 3, 2015 in Banking
The first time you start an international bank transfer, you’re likely to run into some confusion. There’s so much confusing terminology: ‘SWIFT’, ‘IBAN’ and ‘BIC’. What does any of this even mean? Fortunately for you, we’re going to take you through this step by step – you’ll be a total whizz in no time. We’ll also give you some tips on avoiding large international bank transfer fees.
- Posted by Jason on March 17, 2015 in Banking
The State Bank of India (SBI) is owned by the Indian government and serves as the largest banking and financial services facility in India. Its headquarters are in Mumbai and has over 16,000 branches across India. In other words, it’s huge. But is it the best option for your banking needs? Let’s take a look.
- Posted by Jason on March 16, 2015 in Banking Global Money Transfer Technology
Moving money between countries can be sluggish and expensive. Rest assured, however, as this can be largely avoided using the right international personal banking service. We’re going to check out your options when it comes to offshore accounts and moving money internationally.
- Posted by Jason on March 15, 2015 in Banking Technology
In recent years, new technology has allowed us to do most of our banking both online and on the go. But how does it work? Is it safe? We’re going to take you through the “ins and outs” of mobile banking.
- Posted by Jason on March 12, 2015 in Banking Global Money Transfer
If you’re looking to invest in the foreign exchange markets, the first thing you’ll need is a currency broker. This is someone that links you, as a buyer (or seller) of foreign currency, with a seller (or buyer) of that same currency. Think of a broker like a middle-man to help you set up the trades you’ll be doing. You’ll need to be careful though – brokers don’t work for free.
- Posted by Jason on March 10, 2015 in Banking Global Money Transfer
Money transfer cards are a service that allow you to take funds from your credit card and deposit it straight into your checking account. You might find this useful if you’re looking for a way to pay off your overdraft or get some quick cash for an emergency. It’s important to be careful though – the devil is in the detail when signing up for a card like this. Make sure you know exactly what you’re getting yourself in for.