The digital world is experiencing rapid growth in today’s era. In the field of investing, banking, and cryptocurrency, one word commonly pops up is blockchain technology. Blockchain technology is a kind of database system. It stores data in a kind of block, and the blocks are then joined together or chained together, giving the name …
Bank deposits, financial transactions to other bank accounts, direct debits, and online transactions are all examples of debit entries. The payment entries appear as balances on the balance sheet. Available Balance vs Posted Balance The difference between available balance and posted balance is that the available balance has a substantial impact on cash deposits or …
Difference Between Available Balance and Posted Balance Read More »
Mobile banking and internet banking are two different but online modes of banking introduced by the banks only that enable their customers to make transactions whenever and wherever. Both forms of banking require intense access and have their own uses. Both the banking system have made transactions and other bank-related issues so much easy that …
Difference Between Mobile Banking and Internet Banking Read More »
Both retail banking and consumer banking are services of a bank provided to their customers with some additional facilities for their customers to keep their money safe in banks. Retail Banking vs Consumer Banking The difference between retail banking and consumer banking is that in retail banking, the customers that enjoy the facilities of retail …
Difference Between Retail Banking and Consumer Banking Read More »
Banking plays a vital role in our economy. They ensure that the transactions happen swiftly and without any disturbance. They are a financial system that can lend money to people (common or business needs) for personal or professional needs. Mostly all the economic functions are done through or by the bank. Salaries, bills, savings, loans, …
Difference Between Retail Banking and Corporate Banking Read More »
Both retail banking and personal banking services are provided by banks to general public or individual or retail customers rather than corporate, businesses, institution, etc., and both are quite similar with each other on products and services because both offers approximately same or quite similar products and services. Retail Banking vs Personal Banking In retail …
Difference Between Retail Banking and Personal Banking Read More »
Currency is the medium of exchange of goods and services authorized by the government of a particular country. Currency is the backbone of an independent and strong country. There are about 180 different types of currencies across the world. Among the leading 8 currencies, United Kingdom (UK) has Pound Sterling or Quid and Euro is …
Banking is the most basic and necessary activity in everyone’s daily lives. It helps in handling cash, credit, and transactions whilst providing a safe space for the same. Banks also provide safe space for the consumer to invest their money or take loans. There are different types of banks, which also offer a variety of …
Difference Between Retail Banking and Investment Banking Read More »
There are so many types of banking systems, such as utility, scheduled or unscheduled, indigenous, and so on. However, personal banking, as well as commercial banking, still plays a major role in society. One type is into retail customers, while the other one is into businesses. Let’s see what distinguishes each term! Personal Banking vs …
Difference Between Personal Banking and Commercial Banking Read More »
Everyone is aware of the term Banking. But What is Banking, have you ever wondered? Well, Banking can be considered as a driver which drives the economy financially. For any economy in the world, Banking is very important. Banking means that it consists of cash, credit, all financial transactions. It is very important to maintain …
Difference Between Corporate Banking and Private Banking Read More »
