Anet Capital

• 09Dec

  Private Banking Versus Retail Banking

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  In past, the services of private banking could be availed only by those investing substantial amounts (up to $ 1M), while retail banks never imposed any such restrictions. But, things have changed over time. When you look at the distinct aspects of private banking and retail banking services, the biggest difference is the sheer fact that private banking offers meticulous attention to every client with the help of relationship manager, which doesn’t apply to its counterpart (retail banking).

  The Non-Incorporation private banks are those, which aren’t incorporated legally, but are in existence as a separate entity. Due to the personal responsibility of the Directors who are personally liable and cautious in handling the funds, Private Banks are favored by conservative investors. Confidentiality is the chief reason for the wealthy people to choose besides corrupt governments, criminals etc.

  Private Banks in Switzerland is galore for the reason they maintain strict bank secrecy laws.

  Due to confinement of their operations within the country’s banks, even small banks need to maintain secrecy of client records, be it in Switzerland, USA or any other country.

  It is not that private banking services are offered only by the private banks but it can be seen that though UBS, Credit Suisse and the Barclays are also private banking and wealth management services, they are not bracketed under the private category. Major advantage for the Private clients of these banks can reap the benefit of their in-house trading and other areas, giving carte blanche to manage most of their assets by the bank.

  Generally, the wealth management services are sought only by filthy rich clients who approach the private bankers where private bankers manage an investment portfolio for a family, business group or an individual.

  The fee for this service varies from bank to bank and is charged yearly as a percentage of the total amount invested. The return of a portfolio will also depend on the standard of the services provided by the concerned bank.

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  Tags: Banking, Private, Retail, Versus

• 05Dec

  Bank Of America Online Banking

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  Bank of America online banking is available to any customer who currently does business with the bank. Participation in the Bank of America online banking program is free and easy to set up.

  One feature that sets the Bank of America online banking program apart from its competitors is the way it handles bill payments. You’d think a lot of data entry would be required, but that’s not the case. The program already knows the billing addresses of the most commonly used payees.

  To set up a payee such as your electric company, start by accessing the built-in list of payees that the Bank of America online banking program maintains. The program already knows the names of the major players in the community and maintains the names and billing addresses that most customers are likely to use such as electric, cable, and utility companies, area department stores and local major financial institutions.

  Pick the payee from the list, enter your loan or account number and in seconds, that payee is set up.

  If the payee does not exist in the list, you enter payee details one time, and you never have to deal with a payee again until there’s a change in address or other account details. When you have all your payees entered, they appear listed in alphabetical order. Next time you open the Bank of America online banking program to pay bills, you select the payee, enter the amount due and the day you want the payment to show up at the payee address.

  Now here’s the cool part about the Bank of America online banking bill paying option. The money for the payment is not debited from your account until the payment arrives at the payee billing address. Most other bill paying options debit the money the day the payment is mailed not delivered, meaning the bank has 4 – 7 days to earn interest on your money! So in effect, you actually earn money by using the Bank of America online banking option.

  Tags: America, Bank, Banking, Online

• 02Dec

  Bnz Banking

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  BNZ Banking

  BNZ or more commonly Bank of New Zealand provides online banking as a free service to all customers so that they can avail home loans, know about exchange rates and multiple careers with ease and whenever they feel like doing so. It has turned out to be a need for most customers because the benefits of this form of transaction have become an integral fragment of account management. The online customers also benefit from the internet banking option because it introduces them to a number of services that are usually available at a bank branch. This allows most customers to opt for internet banking as their needed weapon for managing their accounts. It helps customers to make payments online, manage as well as keep a track of their expenses, update personal information, get in touch with customer service department, access their account round the clock and much more.

  There are different ways through which you can get yourself registered with BNZ banking. For instance, telephone banking customers can follow the online registration process by using their pin code. You may also visit your nearby branch or get in touch with customer care executives of the bank. The customer care executives will guide you on how to create an online account. Once, you are done with it, log in at their official website with your user Id and password. If you want to come up with a hassle free and fast transaction then, be sure to gain acquaintance with the bank’s swift code.

  The bank provides ample information on their official website that will help customers to about what features they are dealing with. You as a customer can go through the details pertaining to system requirements information, security information, and other helpful details customers may need. The website also includes video clips so as to help you know how to make online bill payments, transfer funds or execute other important transactions.

  The bank offers different security features so as to maximize customer safety while they access online banking. For instance, 128-bit encryption codes and firewalls are implemented for protecting customer communications and preventing external sources from accessing this communication. For maximized safety, this bank opts for spy-ware programs and anti-virus software.

  Tags: Banking

• 26Nov

  Piggy Bank

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  Etymology

  Roman vase-shaped money box (2nd-3rd century AD). Ancient money boxes appear in the archaeological record in a wide variety of shapes.

  In Middle English, “pygg” referred to a type of clay used for making various household objects such as jars. People often saved money in kitchen pots and jars made of pygg, called “pygg jars”. By the 18th century, the spelling of “pygg” had changed and the term “pygg jar” had evolved to “pig bank.”

  Once the meaning had transferred from the substance to the shape, piggy banks began to be made from other substances, including glass, plaster, and plastic.

  The oldest find of a money box dates from 2nd century BC Greek colony Priene, Asia Minor, and features the shape of a little Greek temple with a slit in the pediment. Money boxes of various forms were also excavated in Pompeii and Herculaneum, and appear quite frequently on late ancient provincial sites, particularly in Roman Britain and along the Rhine.

  Majapahit terracotta piggy bank, 14-15 century A.D. Trowulan, East Java. (Collection of National Museum of Indonesia, Jakarta)

  In a curious case of parallel evolution, the Indonesian term celengan (a celeng is a wild boar, with the “an” affix used to denote a likeness) was also used in the context of domestic banks. The etymology of the word is obscure, but evident in a Majapahit piggy bank from the 15 century A.D.[citation needed]

  Uses

  The general use of piggy banks is to store loose change in a quaint, decorative manner. Modern piggy banks are not limited to the likeness of pigs, and may come in a range of animal shapes, sizes and colours. Some collect piggy banks as a hobby.[citation needed]

  Famous piggy banks

  Rachel, the official mascot of Pike Place Market in Seattle, Washington, is a bronze cast piggy bank that weighs nearly 600 pounds, located at the corner of Pike Place under the “Public Market Center” sign.

  Rachel was designed by local artist Georgia Gerber and modeled after a pig (also named Rachel) that lived on Whidbey Island and was the 1977 Island County prize-winner. Rachel receives roughly $ 9,000USD annually in just about every type of world currency, which is collected by the Market Foundation to fund the Market’s social services.[citation needed]

  The 1995 Disney/Pixar movie Toy Story features a character named Hamm, a wise cracking piggy bank.

  References

  ^ “DigiBank Piggy and Panda Banks Learn to Count”. Gizmodo. http://gizmodo.com/gadgets/gadgets/digibank-piggy-and-panda-banks-learn-to-count-239597.php. Retrieved 2008-11-09. 

  ^ a b Hurschmann, Rolf (Hamburg): “Money boxes”, Hubert Cancik and Helmuth Schneider (ed.): New Pauly, Brill, 2009

  ^ “What’s the origin of the piggy bank?”. The Straight Dope. http://www.straightdope.com/mailbag/mpiggy.html. Retrieved 2008-10-17. 

  External links

  Wikimedia Commons has media related to: Piggy bank

  What’s the origin of the piggy bank? (from The Straight Dope)

  The Piggy Bank page Photographs and Facts about Piggy Banks

  Piggy Bank Project Hundreds of Piggy Characters and customised ceramic Piggy Banks

  Categories: Containers | Banks | Coins | Traditional toysHidden categories: All articles with unsourced statements | Articles with unsourced statements from July 2009 | Articles with unsourced statements from January 2010 | Articles with unsourced statements from June 2009

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  Tags: Bank, Piggy

• 23Nov

  Bank Recruitment

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  You have ample amount of career options in the present world, a large menu to choose from where you can go for the career you like and which suits your personal as well as professional interests. One of the most coveted career options from this wide menu is in the banking sector. A major boon in the banking sector in recent years is quite evident with the success graph growing higher with every passing year. Banks have to offer a wide variety of job options, which ensure job satisfaction. However, the bank recruitment is done based on bank exams conducted for various posts in the bank. The questions papers, which are set, are very difficult to crack, but it is not impossible. The major reason behind this being that a standard is set up and only the best suitors of the post are able to reach the interview round.

  Banks play a very crucial role in our lives, because they manage money and in today’s world, money is the driving force of life.

  Money is an essential commodity to carry out even the necessities of life. Banks provide loans for various requirements and are a blessing to all those students who could not afford education. Banking sector is a challenging field of career. The best art about this career option is that it is not confined to commerce students. Students from arts and science background can also apply in this sector, provided they qualify the job requirement.

  However, it is not easy to clear the bank exams. You need to be well prepared in order to emerge as a winner. For this, you need to practice from various sources like the internet or the books available in the market. There are model question papers available on the internet, which are very helpful. They help you get a gist of the kind of questions asked and the marking scheme of the question paper. The syllabus is vast and each subject needs to be given equal importance. You also need to work on your vocabulary as a separate section consists of vocabulary. This can be done by reading newspapers, which would serve two purposes; to increase your vocabulary and to update you with current affairs. Both of them are an important part of the bank exam syllabus.

  Keeping these minor points in mind would help you clear your bank exams. Keep yourself updated with any changes in the bank exam syllabus and prepare from the model question papers accordingly. Once the goal is set and you are thoroughly prepared, you can secure a promising future.

  Tags: Bank, Recruitment

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