Moderator: 3ne2nr Mods
metalgear2095 wrote:RedVEVO wrote:Ted_v2 wrote:Mad scn yes. I does move with cash majority of the time. Pull out a few k and rally that for a few months. Swipe when cannot cover purchases with cash
Yes .. this is the way to rock and roll
PNM making us go back to cash transactions ..
And I wonder why ?
Where pnm come in that?
redmanjp wrote:death365 wrote:ALL banks give 0.005% interest, so wha u hav to do is only pass d money thru the bank and put the rest in credit unions/ unit trust/ tax savings plan etc
but FCB is the best(aka cheapest)
Any credit unions have linx?
Joshie23 wrote:Gents, I know this is about Savings Accounts but if I'm registering a business, which bank is the lesser of all the evils in terms of a business account?
You may only be able to open a Commercial account as a business contributes to the cash flow. No debit card issued only a cheque book. $25 s/charge and $1.00 per each transaction; debits & credits. Last time I checked with Rbl that's the info I got.Joshie23 wrote:Thanks for the responses, gents. I'm already with Republic so I'll check them out.
not_a_monkey wrote:You may only be able to open a Commercial account as a business contributes to the cash flow. No debit card issued only a cheque book. $25 s/charge and $1.00 per each transaction; debits & credits. Last time I checked with Rbl that's the info I got.Joshie23 wrote:Thanks for the responses, gents. I'm already with Republic so I'll check them out.
I was finding out for a friend. Think they went with a different bank, and yeah no card was a surprising let-down.Joshie23 wrote:not_a_monkey wrote:You may only be able to open a Commercial account as a business contributes to the cash flow. No debit card issued only a cheque book. $25 s/charge and $1.00 per each transaction; debits & credits. Last time I checked with Rbl that's the info I got.Joshie23 wrote:Thanks for the responses, gents. I'm already with Republic so I'll check them out.
Thanks for that feedback. When I said I'm already with Republic, I meant I have a chequing account with them already. But no debit card? So if I need to make even a small deposit I need to visit the teller? Then again, commercial has it's own line so there would be less hassle. Who did you end up going with?
Strugglerzinc wrote:Don't think you have that option with republic online. Please correct me if I'm wrong, that option would be great.
The_Honourable wrote:Suggest you keep both accounts.
When you start to work, one will be needed for your salary deposits.
Also when you are doing Linx transactions, there will be the occasion where one of the transactions will fail with bank card A. It's good to have bank card B as a backup to continue the transaction and avoid embarrassment.
If anytime in the future you need a loan and you already have an existing account in FCB and RBL, you will be in a better position to take advantage.
I also realized that in the majority of cases when you receive a check, it's from RBL then FCB. If you want to cash out faster, you deposit the check in the corresponding bank you are with (RBL check to your RBL account). Lots of businesses use RBL and FCB. If you have to conduct online transfers, most persons or persons I came across use RBL and then FCB.
bluefete wrote:Unit Trust is not a bank. It is an investment institution. That means there are no guarantees on your money / investment.
However, since its inception UTC has told investors in the 1st scheme that if you keep your money for 3 years, and things go south, then you will get back your money at your initial investment amount.
UTC 2nd scheme is $20 per unit buying & selling. That has not changed in years. Interest there is about 1-1.5%
Whatever you do - DO NOT OPEN A US$ ACCOUNT WITH UTC OR WITH ANY BANK - YOU WILL KETCH HELL TO GET BACK YOUR MONEY.
Numb3r4 wrote:As university student you should ask if the banks have any student offers/financial services, in my day they had the right start account which I kept until I was 25yrs, old and then it just became a normal account.
Also you can consider having one account be your daily driver and the other be a fixed deposit or savings or more long term.
When you get a job or such try to see if you can get into an annuity.
As always keep abreast of all your dealings and all the services and financial products that both are offering, it can go a long way to making your money work for you.
rexsmith wrote:Is anyone working in the banking industry (RBC) and offer some advice.
I am registering a small business and would like to open a chequing account under the business name hopefully RBC.
So far i have just started registering the name with Ministry of Legal Affairs and haven't started doing work under the business name or anything else but I would like to open an chequing account.
Any advice and anyone working RBC what are the requirements.