Category: Bank Account
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Best Bank To Open A Domiciliary Account In Nigeria 2024
Following the Central Bank of Nigeria (CBN) regulations about money transfers to and from Nigeria, there is a need to find alternative methods of sending money to Nigeria because sending in Nigerian naira is no longer an option for anyone outside Nigeria(Leaving outside Nigeria). Domiciliary accounts are helpful in this situation. As an individual, you need to know…
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5 Best International Money Transfer Services In Nigeria
It has been a general belief overtime that using traditional banks in Nigeria to transfer money internationally is the safest and best option. It is convenient to infer that this no longer holds water. Why? The emergence of a digital payment system designed by a different financial institution to facilitate international money transfers from, and to Nigeria!…
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Essential Requirements to Access Loans from Banks in Nigeria
Loan application varies with the loan type (short-term and long-term) and the amount you want from banks. Every bank in Nigeria offers a loan product that enables its customers to lend money from the bank while repaying the funds (loan) over a specified period. This loan product is mainly familiar to commercial banks in Nigeria (Access Bank,…
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What is Commercial Banking? Its Functions And Operations
Commercial banking is a collection of bank services and products made to cater to the financial requirements of government, medium-sized, and corporate clients. Deposit accounts, commercial financing options, merchant services, and investment goods fall under this category. This contrasts with retail banking, which provides comparable financial services to individual clients and the general public. In…
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Digital Transformation in Financial Institutions
The world is already evolving into a fully digitalized era and that is something we hoped for long. A financial institution is a company that focuses on dealing with financial transactions, such as investments, loans, and deposits. Digital transformation has regulated some certain aspects in the world formation. One of these aspects, is the financial…
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Mintyn Corporate Account : Current Account
Corporate accounts are in line with current accounts as they both serve the same goal of business purposes. However, there is a slight difference. The current accounts maintained by private limited companies and public limited companies are corporate accounts. Additionally, a current account at a bank or building society allows for withdrawing money without notice. It’s…
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Instant Loans In Nigeria
Mandy has often been in difficult situations, and she sometimes wonders where she could get money to feed. Of course, it would be ideal to ask friends or relatives for money. However, she is also reasonable to know that she cannot always be dependent on her friends and relatives. After all, they also had their…
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Personalized Money Tracking Explained (The Ultimate Guide)
Congratulations! You’ve officially joined the 1% of the world’s population that know about Personalized Money Tracking. I’m sure you’re also part of the people needing help to dominate your spending. Right? Do you also need help getting your personal finances under control? Then an expense tracker may be just what you need. It can help…
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How Mintyn Online Bank is Disrupting the Banking Industry with Technology
Mintyn Online Bank is offering Nigerians a seamless way of banking that can be carried out right in their homes. Owning a traditional bank account in Nigeria is not without its own attendant problems. For one, the actual account opening usually involves filling out numerous applications that can be time-consuming. After opening the account, individuals…
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List of Things Needed to Start And Scale a Business
Who doesn’t want a profitable business? There is a list of essential things that every entrepreneur must have and understand to start and scale their business successfully. These elements are critical to the growth of any business. Many have continued experimenting with various methods and strategies to achieve their goals and scale their businesses. There…