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What is the difference between payee and beneficiary in banking transactions?
Wiki User
∙ 11y ago
payee is a person on whose life expectancy the insurance poilicy is issued. beneficiary is a person who receives the death benefits if the insured dies
Wiki User
∙ 11y ago
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Difference between consumer banking and retail banking?
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difference between modern and traditional banking is
What is the difference between finance and accounts?
Account is a record or statement of recent transactions and resulting balance. Finance is the management of money and credit and banking and investments
Difference between consumer banking and retail banking?
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Difference between e banking and internet banking?
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A tertiary beneficiary is only entitled to proceeds if the primary and secondary beneficiaries are no longer living.
What is ther difference between ebanking and internet banking?
They both refer to the same. Some people call it electronic banking or e-banking and some people call it internet banking. This is the facility using which a customer can use his bank account and initiate banking transactions from the comfort of his home using a computer. All he needs is a login id/pwd for the banks website.
What is the difference between corporate banking and wholesale banking?
There is no didderence as such! Corporate Banking fall under wholesale banking.
