Easy Steps To Use Online Mobile Banking On Your Smartphone

By blogger on

Mobile banking applicationsare one of the latest innovations in the world of technology as of today. It has undoubtedly come in handy for people from different walks of life. From youngsters to young professionals and even businesses and large corporate houses, it has touched and eased many lifestyles.

Essentially a technique that allows users to control and operate banking transactions on the go, a mobile banking application perfectly blendsin with the fast-paced world that relies on technology developments. Mobile banking application allows its customers to bank anytime and anywhere. With such service at one’s disposals, one can remotely operate all their bank transactions and take care of it without any hassles. Few of the leading banks aim to ease and simplify their customers’ hardships, by providing the assistance of mobile banking.

The following steps can be undertaken to avail of this service:

Step 1: Contact the bank
Customers can avail the assist of digital bankingby getting in touch with their bank and request for the application. Once confirmed, the app can be downloaded from the bank’s official website. The said app needs to be installed on the supported device, preferably a Smartphone. There are separate mobile banking apps for android, mobile banking apps for iPhonesand mobile banking apps for Windows Phones as well.

Step 2: Creating a user id
Next, a suitable ID and password needs to be chosen in order to link the mobile phone or smartphone with the bank account. Most of the times, it is the bank that provides its customer with an id and password. Alternatively, it can be done from one of the bank’s ATMs as well. Once it has been done, the user can view the basic features and functions of cell phone banking on their device.

Step 3: Select your transactions
The features are not only exciting but also greatly helpful. Cell phone banking users can pay their electricity bills, telephone bills as well as recharge data card, digital TV, mobile and so on. The service does not restrict to bill payments, it also lets the customers transfer funds. It allows users to also track the closest ATM machine nearest to you by activating the GPS on your phone. All these services can be activated from the mobile banking apps for android and mobile banking apps for iPhone

By and large, most mobile banking applications are secure as no information is stored on your mobile device or SIM card, which is enough to keep customers accounts secure. It is very user-friendly, and comes in various languages. To maintain the simplicity, the service is subjected to regular updates and occasional enhancements in quality.With Mobile Banking application customers can access the account on the mobile in a safe and secure manner.

Most Frequent Investment Banking Interview Questions

By blogger on

Agustin Valecillos here.
I’d like to tell you about the top 3 most frequent questions in Investment Banking interviews so that you can prepare the answers, impress the interviewer and land the job. I my 7 year career as a Vice President in a Bulge Bracket Investment Bank I have seen many excellent candidates fail and I want to help you avoid it.
The first one (and these are in no particular order) is how do you calculate an options’ delta?
This is one of the more technical ones you may be asked it during a sales and trading interview but maybe not if you are applying for a corporate finance role.
I would answer “An options’ delta can be calculated in 2 ways, either with the Black Scholes models or numerically”.
By differentiating analytically the formula you can get the sensitivity of the option price to the underlying asset, and that is your delta. Numerically, you can just bump the underlying up or down by a given amount (this method is technically called “finite differences”) and you can figure out how much the option price changes by.

The second question is “why do you want to work for us”?
Every time you get this question you should be jumping up and down out of happiness in your mind. I can guarantee you will get this 99% of your interviews and it’s one of the most important questions overall in an interview. So prepare for it and make sure you have an outstanding answer. Don’t just prepare an answer, prepare and outstanding answer. It needs to be outstanding. Get it?
I usually structure my answer in 3 bullet points, from the most to the least important. Make sure every bullet point has a statement and proof with example from your CV of the statement. One day I may put together a stand-alone piece on how to answer interview questions, but that’s a different topic to itself.

The last most frequently-asked question is “Estimate the annual demand for car batteries in XYZ country”. Now, this one may surprise you and seem completely impossible if you haven’t come across this type of questions before. They are also very frequent in consulting interviews. The end figure you come up with doesn’t matter, no-one (not even the interviewer) knows the answer for that matter. This is all about checking you are a logical thinker. On this one think out loud, don’t think just in your head. You are getting the question wrong if you are just trying to come up with a number in your head.
The population in XYZ country is about 100 million (if you really don’t have a clue, just assume) and assuming there is a car every 2 people, that is 50 million cars. Let’s say an average car needs to have the battery replaced every 5 years, that’s 20% of cars needing a new battery every year. So that’s 10 million batteries. You could also add something about new cars, etc.
If you found this insider information helpful, make sure to get my free report, 5 Reasons Why Good Candidates Fail Investment Banking and Other Interviews.
Its free and it contains 5 of the biggest causes for why great applicants fail to land their dream investment banking job over and over. Just go to http://ww.bankinginterviewsuccess.com. See you there!

Internet Banking Is A Timesaver

By blogger on

You are a busy person. You do not have time to stand in line waiting for the teller. You have no time to go to the post office for stamps. Solve all these time wasting problems by doing your banking online. Internet banking may be the biggest timesaver you find. Pay your credit car bills directly online from your checking account. Most importantly, your account numbers are not in danger of getting in to the wrong hands as they are with paper bills.

It is important to simplify your financial dealings and the convenience of banking on the Internet will do that for you. Relax at home while you take care of record keeping and paying those bills. Easily keep track of checks paid and credit card bills that have to be paid.

You can have email warnings and daily balance information on all your accounts. You do not have to concern yourself with accidental overdraft situations as you do when mailing checks directly and forgetting to write them in your checkbook. Your credit cards will email you to announce a payment that is due. You can more easily keep track of all your financial information.

For contact information, why write it in you address book when you can put it in your online address book where you will not misplace it. The bank has an emergency number in case you have your credit card stolen and they will immediately cancel that card and send you a new one with different account numbers. Numbers for general services are also listed on the website of the bank.

Look up an address for sending something by snail mail with one click of your cursor. They provide toll free numbers for your convenience. A banker is available during business hours and late at night you can check your balances online with an automatic message system. It is immediately available.

You will hear of any special offers right away. You might want to take advantage of a special transfer balance opportunity with no interest for a year. When the offer is sent online directly to your email, you cannot miss it. You have sufficient time to make a decision about whether or not it is right for you.

Information is at your disposal 24 hours a day and 7 days a week. Make sure you do not incur any overdraft charges by keeping up to date on your balance. It is important in these times, when identity theft is prevalent, to make sure our financial information is private.

I was terrified about identity theft on the day my pocketbook was stolen. A purse snatcher grabbed it in a grocery store. With my cellphone in my pocket and my bank number stored automatically, I notified my bank before the thief could make use of my credit card information. The bank was able to cancel out the current accounts and set up new ones for me within days.

One day you may be a in a rush to get your banking done. Internet banking is accurate, easily understood and most of all fast. Snail mail is not as fast as email. When you need a question answered email is fast. The friendly face of a banker is the only thing you will miss when you bank on the Internet. However, the friendly and polite voice of the teller or the informative email more than make up for the loss.

The Twin Peaks Of Uk Banking Reform

By blogger on

Hector Sants, Chief Executive of the UK banking regulator the Financial Services Authority (FSA), has announced what he describes as a ‘Twin Peaks’ approach to the future of banking regulation in the UK. Speaking at a briefing to the British Bankers’ Association in London on February 6th, he gave an update on the progress of reform in the British financial supervision system.

Don’t get too excited. Mr. Sants didn’t have much to say on the subject of David Lynch’s cult TV drama of the 1980s. There was no mention of Agent Cooper, Diane, the Log Lady, Laura Palmer or even about a damn fine cup of coffee and a slice of cherry pie. It was all about the restructuring of bank regulation in the UK and the replacement of the FSA by two new regulatory bodies: hence “Twin Peaks”.

As the British Government set out in its White Paper of June 2011, by early 2013: “the FSA will be abolished, and replaced by two new organisations called the Financial Conduct Authority, or FCA, and the Prudential Regulation Authority, or PRA, a subsidiary of the Bank of England”.

These two bodies will create a ‘Twin Peaks’ style regulatory model similar to those already in force in the Netherlands and Australia.

The FSA and The Bank of England are jointly responsible for implementing the government’s plan for reform, but their timetable is based on the assumption that The Financial Services Bill goes through the lengthy British legislative procedure without a hitch.

Although the FSA will no longer exist in its current form, the current staffing level of 4000 will be maintained and the FSA IT system will also be retained.

The Twin Peaks model divides financial supervision into two separate entities responsible for prudential regulation (the PRA) and conduct regulation (the FCA). Nevertheless, regulatory data will only be collected once, and a common data infrastructure will be retained, Mr. Sants assured his audience. Between the two new bodies there will be a system of “independent but coordinated” decision making.

The PRA will concentrate on providing effective resolution mechanisms, and the FCA will focus on consumer protection.

In his concluding remarks Mr. Sants stressed the importance of behavioral and cultural change by both regulators and financial firms in a “new world of judgement-based regulation” which must be embraced by all concerned. I don’t know if Agent Cooper would approve, but I’m off now for a damn fine cup of coffee and a slice of cherry pie. Let’s hope there are no fish in the percolator…

Hong Kong Banking and Corporations Features and Benefits

By blogger on

The Hong Kong Bank We chose to use one of the three largest banks in Hong Kong. It is rated as one of the top 25 banks in the world. The online banking is in English. The online banking lets you send wires, check balances, history and transfer from one account to another at same bank. Since English is one of the official languages of the country you can expect all the bank personnel to be fluent in English. This bank has over one trillion dollars in assets. You can hold money in any of these ten currencies: Australian Dollar, Canadian Dollar, Euro, Japanese Yen, New Zealand Dollar, Pound Sterling, Singapore Dollar, Thai Baht, US Dollar, and Renminbi. The bank has debit cards and VISA/Mastercard cards in USD, Euro and the local Chinese currency.

Hong Kong Stockbroker The Hong Kong bank has a full stock brokerage operation enabling client to buy and sell stocks, futures, forex, options, etc around the world.

Due Diligence Requirements Hong Kong is easy. What is needed is a notarized copy of a driver license, passport and a utility bill showing your physical address. Can be a gas bill, a phone bill, a water bill, a cable TV bill, etc.

Cost The fee is $3995 for the Hong Kong Corporation (anonymous) and the Hong Kong Bank Account opening. The minimum deposit is $1000 for the bank and can be included in the wire transfer.

Order Form Click here to place an order

Questions Feel free to inquire.

By http://www.hong-kong-bank-account.com