answersLogoWhite

0

AnswerThe term "financial institution " means depository institutions such as insurance company, safe deposit company, money-market mutual fund, or similar entity authorized to do business. So, diverse financial institution accounts are recommended as it is safe and according to the rules.
User Avatar

Wiki User

15y ago

What else can I help you with?

Related Questions

What are the current saver rates for savings accounts at your financial institution?

The current saver rates for savings accounts at our financial institution are 0.75 APY.


Where can you open a coverdell education saving accounts?

At any financial institution- apex(:


What financial institution sometimes call their checking accounts share draft accounts?

credit unions


What is swift 202?

The MT202 is a payment message. This message is sent by or on behalf of the ordering institution directly, or through correspondent(s), to the financial institution of the beneficiary institution. It is used to order the movement of funds to the beneficiary institution. This message may also be sent to a financial institution servicing multiple accounts for the Sender to transfer funds between these accounts. In addition it can be sent to a financial institution to debit an account of the Sender serviced by the Receiver and to credit an account, owned by the Sender at an institution specified in field 57a.


What is Mt 202?

The MT202 is a payment message. This message is sent by or on behalf of the ordering institution directly, or through correspondent(s), to the financial institution of the beneficiary institution. It is used to order the movement of funds to the beneficiary institution. This message may also be sent to a financial institution servicing multiple accounts for the Sender to transfer funds between these accounts. In addition it can be sent to a financial institution to debit an account of the Sender serviced by the Receiver and to credit an account, owned by the Sender at an institution specified in field 57a.


What is SWIFT MT 202?

The MT202 is a payment message. This message is sent by or on behalf of the ordering institution directly, or through correspondent(s), to the financial institution of the beneficiary institution. It is used to order the movement of funds to the beneficiary institution. This message may also be sent to a financial institution servicing multiple accounts for the Sender to transfer funds between these accounts. In addition it can be sent to a financial institution to debit an account of the Sender serviced by the Receiver and to credit an account, owned by the Sender at an institution specified in field 57a.


What is the difference between MT 103 and MT 103-23?

mt202-This message is sent by or on behalf of the ordering institution directly, or through correspondent(s), to the financial institution of the beneficiary institution. It is used to order the movement of funds to the beneficiary institution. This message may also be sent to a financial institution servicing multiple accounts for the Sender to transfer funds between these accounts. In addition it can be sent to a financial institution to debit an account of the Sender serviced by the Receiver and to credit an account, owned by the Sender at an institution specified in field 57a. Standards


What are 4 factors you should consider while choosing a financial institution?

When choosing a financial institution, consider the fees associated with accounts and services, as these can significantly impact your overall savings. Assess the interest rates offered on savings accounts and loans, as competitive rates can enhance your financial growth. Additionally, evaluate the institution's accessibility, including branch locations and online banking options, to ensure convenience. Lastly, review customer service quality and reputation, as a responsive and trustworthy institution can provide valuable support for your financial needs.


Why do companies offer easy access savings accounts?

Savings accounts for banking and financial companies are a cheap source of funds. Companies pay interest on Savings accounts at a lower rate compared to term deposits and hence is a cheap source funds.


How do I know if I have a retirement account?

You can know if you have a retirement account by checking your financial statements or contacting your employer or financial institution to inquire about any retirement accounts in your name.


What does it mean to diversify your accounts?

Different kinds of stocks in your portfolio.


Which companies offer business merchant accounts?

Most financial organizations and credit companies offer incentive programs to attract commercial accounts. Call your preferred company to schedule a meeting.