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Functions and services that a bank offers to a business firm.

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16y ago

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What does it cost MT799?

MT799 messages are used in the banking and finance sector for secure communication between banks, particularly for confirming the existence of funds or financial instruments. The cost associated with sending an MT799 can vary widely depending on the bank and the specific services involved, often ranging from a few hundred to several thousand dollars. Factors influencing the cost include the complexity of the transaction, the bank's fees, and additional services required. It's best to consult directly with your bank for precise pricing information.


Why a minimum balance clause is applied in savings bank accounts?

For providing banking services to a customer, banks involve some expenditure like cost of manpower, cost of computers etc. To claim that cost, they can either charge that fee to the customer or expect him to maintain a minimum deposit. Using that deposit they can grant loans and adjust the charges. Hence they expect a minimum deposit in savings bank accounts.


How much does hsbc direct cost?

First Direct is a banking institution so each one will have different opening requirements. As with any banking institution you will find incentives and offers to have you open an account with them to use their services.


How do you record a journal entry for the cost of a sale?

debit cost of salescredit cash / bank


What companies offer low cost credit card processing?

National Bank Card offers great rates on business credit card processing. Merchant warehouse is another good source. Check with local banks for their rates as well.

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Teleconvergence is a small independent communications consulting firm located in Portland, Oregon that offers such cost reduction services. They handle nascent businesses as well as medium-sized organizations.


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BMO Harris Bank, N.A. is a Chicago-based bank. It is a member of the Federal Reserve System. It offer good price for its services. And yes, it does cost.


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Why might banks require a minimum balance be maintained n savings account?

Providing you a bank account and service at the branch means that the bank incurs some expenses or should I say cost. In order to cover for that cost, banks usually specify a minimum balance based on the type of account and services you wish to avail. This minimum balance should be sufficient to offset the cost the bank incurs in providing you with the requisite services. At the end of the day, it is a business for the bank and their motive is to make a profit while providing you with banking services. That is why they require you to maintain a minimum balance on your savings account.


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On the Bravofly website you can find services allowing you to find information about airline tickets, and other tourist offers. You can also find low-cost flights.


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Eastern Financial offers many services including a representative, programs that fix rate loans, flexibility, availability, performance, cost and professionalism.


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Virtual PBX offers a variety of services for small businesses. They provide affordable low cost virtual phone services.