Types of money
Money currently exists in the form of cash and non-cash money. Cash exists in the form of coins, banknotes (credit money, bank notes) and treasury notes. Sometimes cash also includes…

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Currency operations of commercial banks and their role in economic development
In the conditions of transition of the economy to market relations and the development of the banking system, the development and improvement of currency operations of commercial banks is of…

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Interesting facts about the banking system
The Bank is an organization providing financial services to the public. This is its main purpose. Today, the number of branches is more than enough in any large city, and…

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Internet banking: How to secure online payments
Cyber ​​criminals are not asleep, especially on the eve of the pre-Christmas rush. According to experts from Kaspersky Lab, the finances of Internet users are being attacked by a new…

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interest rates

Questions to ask a banker before investing

A private bank, managing other people’s assets rarely takes a large commission. Often we are talking about 1-2% per annum of the size of the assets. The proposal looks tempting, so not everyone asks additional questions.
A must. The fact is that in addition to the commission of the bank itself, there are additional commissions: the commission of the mutual fund, if your banker invests money in mutual funds; stock / bond storage fees; withdrawal fee, etc. Continue reading