Banking

What is ACH? Automated Clearing House (ACH), also known as direct payments, is an automatic fund transfer method. A group of banks in the United States replaced payment of cheques …

What is Accounts Receivable? Accounts receivable are those accounts for which a company has given products and services or completed work that has been agreed upon by the payer but …

What is Accounts Payable? Accounts payable is the accountability of a company to pay the money borrowed from creditors. Accounts payable only include money borrowed for short-term. It is the …

What is ABA? The ABA number is printed in an unusual font. Magnetic ink character recognition is the unique typeface employed and is inked in an electrical link. You can …

What is ACH? Electronic payment processes, such as automated clearing houses (ACH), are initiated when an individual provides written authority to a source entity, such as an institution or firm, …

What is ACH? ACH (Automated Clearing House) is a method of direct payment used to facilitate online transactions. They are a good alternative to cash and cheque payments. Even if …

What is Visa Card? Visa cards are used for financial payments using the visa network. Visa inc. is a multinational financial corporation in America, and its headquarters is in San …

What is Overdraft? Overdraft is an arrangement that banks have with their customers. The bank will lend you more money than you have in your account if it’s charged an …

What is Overdraft? An overdraft is a type of short-term loan that allows you to exceed the amount in your account, and is given to current account holders. It is …

What is Branch Banking? Branch Banking refers to a bank providing services through a vast network of branch offices across any city or country. For instance, If a bank has …

What is Accounting Profit? Accounting is the recording and reporting of financial transactions for a business, organization, or individual. It is used to analyze and report financial information and to …

What is Checking Account? A checking account is a type of bank account that allows you to deposit and withdraw money and make payments and transfers. Checking accounts are used …

What is a Mortgage? A mortgage, also known as a mortgage loan or hypothec loan, is a type of loan that real estate purchasers use to raise funds to purchase …

What are Scheduled Banks? People are confused about the operations of scheduled banks in India. Scheduled banks in India refer to banks that are regulated by the Second Schedule of …

What is Public Sector Bank? Public sector banks are the banks run by the government of India. They are the largest category of banks in India.  There are various acts …