Financial Empowerment Network’s Post

How do banks assess genuine savings? 1. Cash deposits – more often than not the bank will not accept a cash deposit as genuine savings unless it was deposited over three months ago, as they have no way to confirm where it came from. For more tips on genuine savings read our report https://lnkd.in/gvsJaUQ #savings #homeloan #genuinesavings

Let's get into what if the bank in which you have your fixed deposit goes bankrupt.. . #financialfreedom #financewithfinikey #financeconsultant #financesolutions #financeadvice #fixeddeposit #bankcruptcy

How do banks assess genuine savings? 1. Cash deposits – more often than not the bank will not accept a cash deposit as genuine savings unless it was deposited over three months ago, as they have no way to confirm where it came from. For more tips on genuine savings read our report https://lnkd.in/gNQCjVTd #savings #homeloan #genuinesavings

All Depositors must react to the unacceptable measure of an additional fixed charge of 0.50 euro on deposit accounts. Contact the Bank to express your Dissatisfaction and ask for an explanation of the reason for the charge. Research other Banks that don't charge similar fees and consider transferring your money. Learn about your Rights as a Consumer and the Legal provisions that may protect your Interests. If there is sufficient backlash from Depositors, you may consider organizing a joint appeal or similar actions to address the situation.

Are your customers slow in paying you and if so does it impact your cashflow, our latest blog is all about this #latepayments #businesscashflow #businessfinance

"The cheque is in the post" is not a line you hear these days with everyone using bank transfer payments but customers still take time paying, so how do you manage the cashflow pressure this can cause you? Our latest blog is all about this https://lnkd.in/esUa9zv7 #latepayment #businesscashflow #invoicefinance

Have money lying in your saving bank account? How to manage your short-term surpluses efficiently? Do this to make it work harder! Learn more: http://bitly.ws/RvUh An #InvestorEducation and Awareness Initiative with @moneycontrolcom #DebtFunds #MutualFunds

Triggering a bank covenant, especially with a line of credit, prioritizes the bank as the primary secured lender over unsecured creditors. In the event of financial distress, the bank holds first position, ensuring they are repaid before other unsecured creditors, leaving them with whatever remains. This hierarchy underscores the importance of maintaining compliance with bank covenants to preserve favorable lending terms and prioritize repayment in the event of financial challenges. . . . #bankcovenant #bankloan #lineofcredit #lineofcreditmanagement #businessgrowth #growthmindset #familyowned #familyenterprise

How secure is your money?💰🔐 Money deposited in an FDIC-insured bank is covered to at least $250,000 if the bank fails. #IsYourMoneyInsured #FDIC #moneyprotection

Smart Strategies for Successful Living presents our motivational video: “Bank Support: Cash Advances on Credit Cards Are Costly” by Alex Sanchez. Watch our epic video now at: https://lnkd.in/gEZruBdE #bank, #motivational, #money, #successfulliving, #cashadvances