• July 1, 2018 /  Banking & Money

    Bank recruitment is a very tough and hectic procedure. It is a process that requires large amount of hard work by the recruiters as well as the candidates. However, the banks are not ready to compromise on the quality of its personnel. A well established autonomous body called he Institute of Banking Personnel has been set up which has undertaken the major responsibility of recruiting candidates through outsourcing. This institution has gained immense popularity in the recent times, one of the reasons for this growing success can be its recent achievement in the banking sector. After many years of planning and making strategies, it has finally got the permission to conduct Common Written Exam in 2011. This is the biggest achievement by Institute of Banking Personnel (IBPS), as these exams would be an entry ticket to 19 renowned public sector banks of India.

    Institute of Banking Personnel works on international testing models like ETS. It has technologically advanced training programmes which help to understand the need of its customers in accordance to their potentialities in various fields.

    Another reason for its popularity is the treatment of its employees by IBPS. It is a well known fact that IBPS, by far is one of the largest recruiters in India, however not many are aware of the fact that it also supports promotion of its employees. It aims at the progress of its employees who are capable of facing challenges and take up new responsibilities. It not only conducts exams but also organizes the interview that follows the bank exam. It has a fast technology printing machines which can print 100 sheets of data booklets and answer sheets per day, which has led to inclination of many banks towards IBPS to conduct exams. It is buit by a strong faculty of experienced team members, who are professionals in various fields. It is capable of conducting exams all over India, in over 150 towns for 300 thousands candidates in one session. This is possible only due to its large web of network spread throughout the country and its technologically advances mechanisms.

    Thus, IBPS has made it much easier to conduct bank recruitment in various parts of the country and in any public sector bank of India. Its recent Endeavour, the Common Written Exams aim at taking its position to another level.

    Download list of bank recruitment ,bank clerk recruitment 2011 , Bank recruitment 2011 and IBPS at jagranjosh.com .

  • June 25, 2018 /  Banking & Money

    The Hanmi Bank was founded in 1982 to better serve the Korean- American community. Their philosophy is to meet their customers’ needs and growth with them as time progresses.

    This bank has many services including Bank Rates that are available online. Among these service is their regular checking account that gives the account holder 1{60e7ce825209ac49a862dab065121ec94981c910c0d030d5d942ee461151d142} cash back from their net transactions on their debt card. This account requires a minimum $100 to open a minimum balance of $500 to earn the cash back per statement cycle.

    As far as their online banking services go they offer a wide selection that is also available at your local branch office. This includes the checking of your balances and transactional history. The online statements are also available for your convenience in a safe and secure manner.

    The Hanmi bank offers CDs with terms from 7 days to 3 years with a minimum deposit of $1,000. The interest is accredited to each account on a monthly basis.

    The highest earning checking account is the Mega Checking account that requires a minimum deposit of $10,000 which must be maintained to earn the interest on the balance. There is a limit of 100 transactions with this account pre billing cycle.

    This is a full service financial institution that offers their customers not only deposit accounts but also auto loans, mortgages and credit cards. They also handle insurance, investments and retirement plans to help serve the needs of their growing customer base in Southern California.

    For reasons of security and safety of your information only a limited amount will be collected. The employees at the Hanmi bank will also be limited to who can access this information and none of it will ever be sold to any third party.

    This is what you can expect from Hanmi Bank of Southern California.

    We strive to bring you the latest and most accurate data possible from the home sites of the financial institutions we name. Always remember, the bigger the risk, the larger the reward or loss. Invest with caution.

    For additional resources involving financial help, please view PNC Online Banking, best bank savings rates, Westpac Online Banking and Online Banks at

  • June 25, 2018 /  Banking & Money

    If you are looking to open a new bank account, it is a good idea to learn about the different types of bank accounts available, to ensure that you get the right account for your exact needs.

    There are several types of bank accounts available, each one being tailored to slightly different requirements and also varying from bank to bank. Each type of account offers different advantages and for many it might be beneficial to hold a combination of accounts.

    Basic Bank Account

    This type of account usually offers the customer the facility to have regular payments paid in free of charge, and to set up direct debits or standings orders. The customers bank should issue the account holder with a card to withdraw money, which may or may not be free of charge, depending upon where the money is withdrawn.

    A basic account normally lacks the facility of a chequebook and an overdraft, the benefit of the latter being that the customer need not worry about accumulating debt. On the downside, the interest rate received by the customer may be lower than that for a current account.

    Current Account

    Like the basic account, current accounts are tailored towards everyday use such as paying in money, withdrawing money, as well as setting up standing orders and direct debits. Customers will receive a debit card with capability such as visa or maestro, enabling the customer to withdraw money where they find the relevant sign. The debit card for this account also permits customers to make payments via the chip and pin process.

    A current account will typically also return low levels of interest on the money in your account, but unlike the basic account, may provide the facility of an overdraft which needs to be arranged with your bank. Customers are also usually entitled to a chequebook as a method of payment.

    Savings Account

    Savings accounts will offer a higher rate of interest to the customer and therefore provide a means of saving money and to see a return in the form of interest. This often means that you cannot move your money too often. In fact, some savings accounts require that you give notice before withdrawing money. Customers should also be ware that interest gains will be taxed, and are normally deducted before being received by the account holder. Non-taxpayers in the UK can claim back the tax on the interest gained, but for UK taxpayers, an ISA may be a better option for saving money.

    Student Account

    The main feature of a student account is that they normally offer an overdraft facility for students. The overdraft limit will vary between banks, but will commonly be a free facility. Banks also offer different incentives for students to open an account, which may include complimentary insurance, electronic devices, railcards and more.

  • June 24, 2018 /  Banking & Money

    Finding active hard money lenders may require some research, because they’re not nearly as obvious or numerous as conventional lenders. Many only lend money in their immediate geographic areas in order to be able personally visit properties before making loans. Check with mortgage brokers, because they often represent some hard money lenders. You can also find hard money loans through newspaper ads and on the Internet; but always verify lender credentials beforehand, as you should before working with any kind of professional mortgage lender. You’ve decided to get into rehabbing properties. A hard money loans seem to be your best option to fund these ventures. Here are a few ideas and questions to ask designed to help aid your search for a reputable hard money lender, broker, or referring source:

    1. Hard Lender Experiences: Ask how long they’ve been in business. How many successful deals have they made? How many collective years of experience do all key people at the company have? Look for a hard money lender that has “direct hard loans lender” in their advertising. It’s a good sign.

    2. Industry Connections: How many hard money lenders and investors does this company work with? Go with one who has several funding sources (Hedge funds, Mortgage pools, Private Equity Groups, etc.). The more connections they have to direct hard money lenders with ready cash, the faster – and better they’ll get the job done.

    3. The Commercial Real Estate Market: How is the market in your area? The better the market’s doing, the lower your hard loan interest rates may be. If the market is slow you may end up paying much higher interest rate. Make sure you know the market in your area.

    4. Brokers: The Company or referring source that helps you with your search for your hard money loan will have a lot of influence. Make sure they are competent. How? Ask someone who has dealt with hard loans before. Ask your lawyer. Do as much research as you think you’ll need. Hard money brokers will help you shop many investors and lenders to find a loan that works for you.

    5. Direct Money Lender: Some hard wholesalers or direct lenders can fund your loan directly. Direct money lenders are a more direct way to get your loan underwritten and eliminate the use of a broker or referring source but, may have to start the application process all over again if you started with a broker. Either way, make sure you are working with a reputable company who has a proven record of success with hard lending.

  • June 23, 2018 /  Banking & Money

    Money Laundering is a big topic these days in Foreign Exchange circles. The criminal or terrorist element is almost certainly participating in that high tech world. You have probably heard or read of somebody being arrested for this recently.

    Money laundering is the process a criminal uses to distance themselves from the proceeds of their crime, yet maintain access to the funds. Most basically, a criminal attempts to take enough steps with the money that it is untraceable to the crime.

    Laundering generally takes three distinct stages:

    * Placement: Smurfers are used to introduce the dirty money into the system, these smurfers change the form of the money numerous times until the launderer feels the original funds cannot be traced back to them.
    * Layering: Layering involves the changing of cash into drafts, money orders, traveler’s checks etc. Launderers ensure each transaction is under reporting laws; so many smaller transactions are made instead of fewer large transactions. This way each transaction looks legitimate and no paper trail is created.
    * Integration: Once the money has changed form several times, the launderer has buried the trail of its origination. At this point it is impossible to trace the funds back to the original crime. The launderer is now able to introduce the funds back into use, often through a front company.

    Reputable currency traders are concerned about money laundering. Being non-bank Financial Services Companies, makes currency traders susceptible to money launderers. Involvement in money laundering can result in fines, criminal charges, loss of reputation and loss of business to the currency trader. In some cases where the money laundering is for terrorism purposes, the results can be catastrophic.

    How do currency traders prevent money laundering? Without going into too much detail, reputable currency traders will get to know you very well before proceding to set up an account or allowing any transactions to take place. Traders will also get to know your beneficiaries very well. The whole process is designed to eliminate any doubt about who is involved in any transactions and what they are transacting.

    The good news is that much of what currency traders will ask you is designed to protect your interest as well. If you are doing business with someone in a foreign country, you want to make sure you are going to get paid for your goods or services. You also want to make sure that the foreign business actually exists as claimed. And you also want to make sure the foreign business has a bank account in good standing. These are all things the currency trader will guarantee for you.

  • June 22, 2018 /  Banking & Money

    Do you wish to make some extra special for this Diwali? Well, then you can try to send Diwali wishes to all your close friends and relatives without having to spend any money from your pocket. This is made possible by the different service provider but it is you who need to make sure that good attempts are made to get the genuine one for you without any problem at all. Therefore, it is your choice that is important to know whether you can send Diwali SMS online. If you take the right steps then it would make you send Diwali messages online to all your friends. It can also help to save your money and your mobile bills will gradually decrease. Therefore when you try to send free Diwali SMS, it is important to make sure that the terms and conditions are known to you in order to remain assured that you are quite knowledgeable. If you do not get the right source then it would only lead you to lose your valuable time.

    Get delivery reports online It is possible to get all the delivery reports of the various free Diwali SMS that you have sent. It is also made possible to send the same customized Diwali messages to more than one person at a time without having to type again and again. So this also saves a lot of your time which makes you feel glad for being able to get the right one online. If you try to get hold of the right service provider, it is important to know whether it provides unlimited service so that you can send free Diwali wishes without any sort of problem. So, you have to know how to choose the best site for you that would lead to get lots of important facilities without using your mobile phone at all. When you send free Diwali SMS, it is important to make sure that your messages are getting delivered to the right person without any problem.

    Know how to choose the best one It is important to have a good idea whether you would be able to get the perfect site to send free Diwali SMS online with accurate delivery report. By getting the delivery report, it also makes the recipient to feel very special to get it from you. Thus good attempts have to be made to know how it would be possible to choose a genuine source helping you to send Diwali SMS for free online. No matter whether you are in office or home, it just needs a laptop or computer with a good Internet connection thereby helping to send free Diwali SMS without any sort of worries at all.

  • June 19, 2018 /  Banking & Money

    Singapore is a commercial hub, currently there are 140 commercial and 80 merchant banks.It is always advisable before opening a bank account you must browse all information , what facilities different banks offers.There are several banks in singapore such as HSBC, citibank, abn amro, dbs , Standard Chartered etc.All these banks are famous for their customer services, you can choose any of the them.

    Some of the well known Singapore Banks

    United Overseas (UOB) : It is one of the best bank in singapore, has branches in Malaysia, Thailand, Indonesia and China.UOB provide a lots of services such as life assurance, general insurance, corporate finance, investment banking, commercial and corporate , private , personal financial services and asset management.

    Oversea Chinese Banking Corporation (OCBC) : OCBC in Singapore was formed in the year 1932 by the merged of OCBC , Chinese Commercial Bank Limited, the Ho Hong Bank Limited and the Oversea-Chinese Bank Limited. The main aim of bank is solving the financial needs of the customers for both personal and business purposes.

    Development Bank of Singapore (DBS): It is one of the top bank of singapore .DBS enjoys the top most positions in consumer banking, management of assets, securities brokerage, treasury and markets, equity and debt fund raising.It is one of the leading bank in singapore and working with a aim to solve the customer problem.

    Citibank: The main branch of Citibank in Singapore is located at MacDonald House in Orchard Road. It offers full bank services and shares its ATM network with HSBC, ABN AMRO, Standard Chartered and Maybank. Citibank in Singapore is a branch of Citibank N.A of the United States.

    Types of bank account in Singapore
    Current accounts It is used for everyday banking. It is require a minimum balance be maintained. Interest rates paid on current accounts are mainly low

    Savings accounts Basically saving accounts pay a higher rate of interest than current accounts. Savings accounts require a minimum balance to be maintained

    Fixed-deposit accounts This account is used for long-term saving, with interest rates offered typically higher than either current or savings accounts.

    Opening a account in singapore

    In order to open a bank account you require:
    1. A photocopy of your passport , it act like a Identity proof.
    2.Employer’s letter : Bank only open account , if you are a resident or have an employment visa.
    3.A recent phone bill
    4.A copy of residence proof.
    5.Initial Deposit : a intial deposit is required to deposit in the account.

    Timing
    Most of the banks of singapore works from 9.30 a.m to 3 p.m (Monday to friday)
    9.30a.m to 11.30 on saturday.
    Sunday closed.

    What you get with your bank account

    Services of accounts various from banks, and depending upon type of account you choose , you will recieve a cheque book, ATMcard and Network for Electronic Transfers.

  • June 18, 2018 /  Banking & Money

    One of the most important decisions a small business owner, or any business owner for that matter makes is what bank they are going to use. Small business banking provides a wealth of financial services beyond simple deposits, check writing, and withdrawal. Many small businesses need to establish a line of credit or perhaps even take out a loan. Another one of the many services that small businesses need to setup is credit card processing, payroll services, and automatic bill pay. A small company cannot function without the proper financial setup. In order to withstand the financial needs of a successful business, the company needs to set up an account with a bank that is familiar with small business needs.

    In order for a bank to attract small businesses, they need to provide aggressive attractions and a wide variety of services. The bank must offer convenience. For example, many small businesses deal with cash and coin. Therefore, they will likely make many trips to the bank to deposit and withdraw money. A bank must also offer plenty of convenient ATM locations so that the small business can have access to their account at any time of the day or night when they need it.

    Many banks charge fees ranging from credit card fees to ATM charges, wire transfer fees, and many other normal fees. As a small business owner, you should not find any surprises. Therefore, do not be afraid to ask the small business bank of your choice what fees they charge so that they are not caught by surprise. Make sure and choose a bank that is upfront about their charges, one that is capable of providing you with the lowest rates, the most feasible financial options, and the best in banking service so that you can run your business smoothly and efficiently.

    Small business banks must also provide excellent customer service so that when a small business owner has a problem; bankers that can guide the business owner through their problems address the problem. There are many reasons why a small business owner would experience a banking problem such as transaction issues or a forgotten PIN. That is where the small banking specialists step in and take care of your worries so that they can get you and your account straightened out.

  • June 14, 2018 /  Banking & Money

    In case you are seeking a simple way to draw in more wealth and money into your life, start by obtaining a money plant tree. This attractive indoor plant is often used as a feng shui tool to assist with finances. The way it appears has special significance and is great in any area of a home or business. It also goes by its botanical name ‘pachira acquatica’ and is generally not naturally shaped the way it is. This unique plant is a combination of several plants with intertwined stems that appear like they have been braided. It had been first created in the 1980’s and grew in popularity internationally because of its symbolism of the five elements in feng shui.

    Plenty of people have adopted this beautiful plant and used it for attracting money. You will find five leaves that branch out from each one of the stems, these are said to represent the five elements wood, water, metal, earth and fire. The five leaves on each stem is meant to symbolize the elements in perfect harmony. This makes the money tree the right tool to use for just about any part of a room or entire home which has unbalanced ‘qi’ or energy. Simply locate the region that needs help with a bagua map and place a money tree where it is needed.

    The best places for the money tree are areas that have anything to do with money or wealth. As an example in the home, the preferred spot for this plant is near a safe deposit box. Businesses would benefit from having this plant near its cash register. A specific room in the home that may need a money tree would be the home office. This is where you conduct business so it definitely doesn’t hurt to have an abundance of funds in this particular area. Money trees are wonderful gifts for anyone who is starting a new business.

    These plants are relatively easy to care for. They can grow to 7 inches and have a very long lifespan. Regular watering and a bit of sunlight is all that is required to look after them. Direct sun exposure is bad, since it will dry out the leaves so keep them in areas with dim lighting. Water the money trees just enough every time and let the soil dry out before watering again. Too much water will cause the leaves to brown and fall off. Avoid misting the leaves directly as that causes the leaves to fall out as well. With the proper care and right location, these plants may be just what you will need to generate the type of success you have been hoping for.

  • June 11, 2018 /  Banking & Money

    Tell me about yourself? This is an open question generally asked in every interview. This question provides a good opportunity for candidates to tell their strengths that have been mentioned in their resume. This also provides a platform at the beginning of the interview to explore their personality in front of interviewer and leave a good first impression. While answering this question, Be yourself. Another question that might be asked is what are your biggest accomplishments till date? The answer must be related to job, it provides an opportunity to show your competency level. Another generally asked question might be where do you see yourself in five-ten years time-span? How do you handle criticism during different situations? While answering these questions try to reflect the positive attitude and convey a message that all criticism has an advantage if taken in positive sense, all the criticism provides an opportunity for self-improvement. Also illustrate them by giving an example that how a week idea that has been criticised have some good points also. Another question might be how will you cope with a change in environment surround you? Tell how you can adapt and learn quickly in different situation. Turning negatives circumstances into positives (change your weaknesses into strengths) and increase the productivity of the individuals and organisation as a whole. An important question may be what can you do for us that someone else can’t do? Answer this question must be in accordance to job skills needed. If the candidate has understood the details of the job in a proper sense, then he tries to answer this with a combination of your skills/experience with others. Another question that generally asked during interview is to describe a difficult problem you’ve to deal with. Clearly explain the interviewers that you have approached a problem, the process, the result and how you overcome the difficulties come in front of you. This will reflect your positive attitude towards challenges, and you were not discouraged by the situation comes in front of you. What is your greatest weakness is a commonly asked question? This question gives you an opportunity to show that you have identified your weaknesses and now working on reducing your weaknesses. How do you handle tension/stress is a difficult question generally being asked? Explain how you avoid stressful situations, and if not how you deal with them, give some examples also. How do you decide your direction? Show by giving some examples of how an individual can finish up the task without unnecessary complications. You can give examples from your personal life. Do you prefer working with others or alone? Explain how you can work well in both situations and can be benefited in both the situations ”

    For More Information You Can check the Upcoming Bank Exams Portal having Latest 2011 Bank Exams Updates and Notification with Information about Recruitment in Banks .