a contract between a customer and a bank whereby the bank obliges itself to honour cheques up to the amount deposited with the bank or up to an agreed overdraft limit. The overdraft is effectively a loan.
Mobile money services for the unbanked are showing much faster adoption and steeper revenue growth than m-wallets and related services addressing those with a bank account, according to a new report from Pyramid Research.
Police on Friday arrested a 53-year-old man in central Japan's Aichi Prefecture who opened a bank account to which money was transferred illegally from the account of a Sumitomo Mitsui online banking customer in a phishing scam.
Summary: DUBAI - Emirates NBD Securities announced that it has made available more trading options for its customers through their Dirham bank account; this is yet another valuable opportunity for Emirates NBD Securities customers which allows them to trade on NASDAQ Dubai using their existing bank account in Dirham.
com)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, announced today that it has scheduled a live webcast entitled: "Foreign Bank Account Reporting and Enforcement Update: The Internal Revenue Service's 2011 Offshore Voluntary Disclosure Initiative and the New FBAR Regulations.
Charity Citizens Advice said the majority of banks were refusing to let undischarged bankrupts open even a basic bank account, that did not have a credit facility, despite there being no legal justification for this.