Category: Bank Account
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How Do You Make Your Money Work Hard For You?
How do you make your money work hard for you? Warren Buffet says, “It’s nice to have a lot of money, but you don’t want to keep it around forever….” Investment is one of the fantastic options you can explore to make your money work hard for you. You might have to work much longer than…
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How to Create a Sound Investment Strategy
An investment Strategy is a set of guidelines created to aid an individual investor in achieving their financial and investment objectives. The existence of a documented, quantifiable, and repeatable investment strategy is the foundation of every successful investment manager. This strategy directs an investor’s choices in accordance with goals, risk tolerance, and anticipated capital requirements.…
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Savings Culture; How Mintyn Bank Helps You Imbibe A Good Saving Culture
One of the best habits to build is a savings habit, but doing so takes a lot of discipline. Today, many Nigerians struggle to make ends meet, possibly not because of low wages or revenues but because of a lack of savings and investing culture. Cultivating a savings culture is ideal, but it can be…
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How To Build A Success Career In Freelancing
In simple terms, freelancing is when you work with multiple clients and accept a variety of gigs or tasks without committing to a single employer or company. It involves using your knowledge, training, and experience. Your ability to complete jobs and assignments as required determines how many you can accept. The ability to set your…
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5 Things Every Small Business Owner Must Know About Current Account Maintenance
Businessmen that do a greater volume of regular transactions with the bank open current bank accounts. This transactions includes deposits, withdrawals, and counter transactions. This is also known as a demand deposit account. Both cooperative banks and commercial banks allow current account opening. You can deposit or withdraw any amount from an existing account without…
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Types Of Bank Accounts in Nigeria
Types Of Bank Accounts in Nigeria Types Of Bank Accounts In Nigeria; A bank account is a financial account that enables you to keep money, perform financial transactions safely, and access various credit facilities within a bank’s available products and services. Banks and other financial institutions provide their customers with different accounts that best suit…
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Payment Solution: 7 Reasons To Use Online Bill Payment
In the time past, many were reluctant to make online bill payments. Online bill payment was widely perceived as a loss of financial control by those who lacked confidence in the security of online transactions. But, the digital payment adoption level has significantly increased over the years. The relative development created by the digital payment…
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Pros And Cons Of Internet Banking
Pros And Cons Of Internet Banking; Internet banking is a technology that allows consumers to conduct financial transactions with the bank and transfer monies to other accounts using an internet connection from home or any different location, at any time, including after banking hours. Data from the Nigeria Interbank Settlement System (NIBSS) showed that between January…
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8 Challenges In The Banking Sector
8 Challenges In The Banking Sector; A sound financial and banking system is essential for every nation to grow economically. Banking in Nigeria has substantial difficulties that have prevented the government from having a secure financial system. The banking industry in Nigeria has, in 2022, faced challenges of higher effective tax rates, historically low-interest rates,…
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Financial Inclusion In Nigeria
Financial inclusion provides a comprehensive range of high-quality financial products, such as savings, credit, insurance, payments, and pensions, which are relevant, appropriate, and affordable for the adult population, especially the low-income sector. It is acknowledged as a potentially crucial tool for addressing poverty and inequality, producing jobs, developing wealth, and increasing welfare and living conditions…