A Nationalized bank is one that is owned by the government of the country. Since the people decide who the government is, they are also referred to as public sector banks. The government is responsible for the money deposited into the accounts of these banks.
A private sector bank is one that is owned by an independent individual or a company that is controlled by a few individuals. In short, the bank is owned by someone else and they run the bank. The person owning/running the bank is responsible for the money deposited into the accounts of these banks.
IBAN numbers are required on all bank transfers to and from Europe. The Swift MT202 is a message from a bank indicating a payment has been made. The IBAN would be required for the transaction to occur, but would not be part of the MT202 message.
It is an additional banking code required for international wires. This is added to the bank's ABA number and account number.
Public banks are ones that are fully or partially owned by the government of that country. A private bank is one that is owned by an individual or by a group of people.
The routing number is the first set of numbers found on the left side bottom part of a check. *Do not use the routing number that is found on the checking account deposit slip.
$224 or 28% of your income here is a site that states this fact
Source http://www.bankrate.com/finance/mortgages/how-much-house-can-you-buy--1.aspx
The main risks associated with electronic funds transfer are:
1. You cannot confirm if the account number you have provided is correct. The bank would process the EFT under the belief that the information you provided is accurate.
2. Once an amount is transferred, the bank cannot and will not reverse a transaction.
RTGS means Real Time Gross Settlement. It is used for
immediate payment which is affect in party account within minutes. It is used for the
transfer of Rs 100000 or more from the one bank a/c to the
another bank a/c (any bank located anywhere in India if
attached with internet system)within few minutes at very
minimal charges like only Rs 25 in SBI. For amount less than
Rs 100000 we use NEFT( National Electronic Fund Tranfer).
Head Office
Clydesdale Bank PLC.
Registered Office:
30 St Vincent Place,
Glasgow,
G1 2HL
The contact details are in the link below.
Yes loan interest are higher than savings interest. This is one of the primary ways a bank makes money.
formal letters have many examples but some of them are given below:
1.Acknowledgement letter
2.Inquiry letter
3.order letter
4.complaint letter
5.cover letter
Remember that formal letter is also called as Business letter.
In all these types the cover letter is the most important type which is written when are in search of a job.
I need answer and salution for this procedure
Nationwide Flex account sort code.
see: http://www.nationwide.co.uk/internetbanking/help/help_standingorder_form_WP112.htm