All you need to know about instant money transfer October 22, 2016

Over the last few years, the field of electronic funds has witnessed a rise over the past few years. This has resulted in an increase in the opportunities in the e- commerce and m – commerce industry. Banks and financial institutes are now interconnected via a centralised network, thus allowing easy access to any account details on the central server. This enables users to transfer funds between any accounts, although there is considerable distance between each of them.

Banks have introduced several additional services making financial transactions a convenience for many. Amongst these services, the instant money transfer service has been one of the most beneficial ones. Instant money transfer service, is an innovative card less cash withdrawal service. Through this service, you can remint funds to anybody within the locality or country. In some cases, you can even transfer funds to another individual, just by providing a mobile number. The receiver can then withdraw and access the funds from the account, without the requirement of using a banking card.

When to make use of the instant money transfer?

One of the main benefits of this money transfer service is that it can be used at any time.
Additionally, the beneficiary can have access to instant cash anytime they require it. This service is beneficial for cases wherein:

* The receiver needs instant money
* The receiver needs to make a cash transfer
* The receiver does not have a bank account
* The receive is not in the vicinity where cash can be delivered.
* The sender does not have details of the receiver’s account number

How does instant money transfer work?

Instant cash can be transferred to any mobile number in India. All you need to do is provide the beneficiary’s mobile number. In order to make the fund transfer, the sender or receiver must login into the internet banking service and initiate the money transfer. The sender and register must then register a one-time account by entering one’s name, mobile number and the required address details. Once both the accounts have been registered, the money transfer service can be initiated once both parties receive information about the details of the transfer.

Normally the details regarding this transfer include:

* Transfer amount
* SMS code, which provides the authority to withdraw funds
* The unique code referring to the transfer
* Expiry dates of the transfer.

Instant money transfers withdrawal

Once the transfer has been completed, the beneficiary can access the funds through the bank’s ATM or even use the funds directly from the instant money transfer account. When withdrawing funds directly from the ATM’s account, you will need to provide details of:

* The mobile number on which the transfer details were received
* Sender’s code
* SMS code
* Transfer amount

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Categories: Finance

All you need to know about night trading and the risk involved October 20, 2016

Trading in the stock market offers a lot of benefits. However, as an investor for this market, you will mostly invest during the fixed times during the day. This is known as day trading, wherein which most investors indulge in. However, most investors also trade after the traditional market closes. This is known as night trading.

With the assistance of electronic communications network, also known ECMs, it makes it easier for investors to route orders to their trading account and match up buyers and sellers after trading hours. Just like the normal hours, after hour trading, also known as night trading would have limitations as compared to the traditional trading. However, the limitations are completely different from the day time trading market.

But how can an investor place orders? The same system works similarly to the daytime trading, with minuscule differences. For one, you still need a trading account. However, the trading institute who offers you this account will have different fee structures, for day trading as well as night trading. However, when it comes to trading, most brokers offer specific day orders, which are only valid for that day, including the night trading. In the even there are no buyers, to match your orders, then your order will get expired. Alternatively, there is another set of orders, which go beyond the same trading day and inclusive of the after hours. It can also go into the next day. Therefore, as an investor who is looking into orders beyond the night trading, you must look out for these.

Whether it is the day trading or the night trading, each section of the trade market will offer you its own set of benefits. But in order to make the most of your investment, you will need to understand the risks involved. In this case, the risks involved in night trading are different.

Liquidity: This is one of the major risks of night trading. This section does not have the same volume and market size that is offered in the day trading.
Big competitors: As an individual trader in the night trade, you may face large institutions and companies in the after-hours market. These institutes have the right leverage and power to overcome you when trading, therefore you must be prepared.
Wider spreads: Owning to the low liquidity in this market, the spread of your stocks will spread wide out. When this occurs, tracking your stocks will be a tedious job. Therefore, it is crucial that you understand where your trade your stocks.

Volatility: As mentioned previously, owing to the low liquidity and the widespread stocks, you may face plenty of volatile condition during the after-hours market. Therefore, you must be prepared to check for earning announcements or company news in these odd hours. As such news can drive stocks higher or lower in an instant, it is crucial that you are aware of these factors in order to make a sound investment.

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Categories: Finance

Mobile Apps Make Remote Deposits Easy October 12, 2016

As banking increasingly goes digital, credit union members have a new way of handling paper checks. Instead of using an ATM or making a personal appearance in the branch, members of a growing number of credit unions can endorse the back of a check, take a photo of the front and back, and then upload the image via their credit union’s mobile application (remote deposit capture, as it is sometimes referred to).

Depositing a check with your smartphone can literally take only seconds. As effortless as this process may seem, you may encounter some bumps along the way. Below are some simple steps to assure your success with mobile deposit.

Know your credit union’s requirements: Make sure you are eligible to use your credit union’s mobile deposit service. Most credit unions will let you use this feature if you are eligible or have signed up for mobile banking.

Endorse the check: Sign your check with blue or black ink and make sure there are no other items that need to be written on the check. For example, you may need to write “for remote deposit only” or include the last four digits of your account number.

Make sure the amount of your check is within the deposit limits: Because of security risks, many credit unions will limit the amount you can deposit remotely. If your check doesn’t fit those limits you will need to make your deposit at an ATM or the branch office.

Take a clear picture of your check:

Make sure your checks are deposited by using these tips for taking a clear, quality photo of your check.

· Place the check on a dark background that won’t reflect your camera flash.

· Make sure there’s plenty of light on the check.

· Ensure that all four corners of the check are inside the photo.

· Make sure no other objects are in the frame of the photo.

· Hold your smartphone directly above the check.

· If you get a blurry image, move the camera a few inches higher above the check.

· If you are having problems with quality or lighting, turn off the flash.

Confirm and press send: Make sure the check is going to the right account and that all other information is correct before you click send.

Keep the hardcopy of the check until it is processed. Your credit union may touch base with you via email when the check is accepted. Once you have your follow-up email, write “deposited by mobile” on the check and hold on to it until the deposit shows up in your account.

By following these simple steps, you can make a safe, secure mobile deposit. Remote check deposit has already begun to change the way credit unions interact with their members. With a mobile banking app., members can check their balance, transfer money between accounts and deposit checks remotely. No matter how convenient mobile banking has become, your credit union still can’t produce cold, hard cash through the phone so don’t kiss the brick-and-mortar branches goodbye just yet.

If you have further questions about mobile deposit, contact allU.S. Credit Union (https://alluscu.com/index.cfm) and we will be happy to help you take advantage of this time-saving service. Mobile check deposit is one more way is delivering on our promise to be positively different!

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Categories: Finance

Financial Assurance with Insurance in WNC

Life Insurance Agencies in WNC

The insurance that you use to pay out lump sum amount of money either on the death of an insured person or it might be paid after a period. The life insurance is a surety that you will get fixed monetary benefit in case you face any hardships or contingencies in a specified duration of the period. At WNC, the insurance agencies offer the best life insurance rates. They offer a full guaranteed safety of your insurance. There are certain flexible options that you might take up. Moreover, it can help in your income growth, and provide you a peace of mind. The insurance agencies in WNC offer the lowest rate in the vicinity. There are many advantages that you can gain by availing their services. Apart, from the short-term insurance plans, they also offer long-term financial plans to the interested parties, at lower rates of premium amounts.

Health Insurance Agencies in WNC

Health insurance is a kind of insurance coverage that ought to cover the expenses that have been incurred over a person’s surgical and medical treatment. The health insurance is of two types. The bills have been paid during the course medical care is either reimbursed, or a lump sum amount of money is provided to the patient before the medical care. In both cases, it is essential that the person has paid a certain amount of premium to the insurance agencies. The insurance companies in WNC provide the best insurance policies to their clients. They have excellent packages for people belonging to every income group. The primary purpose of these organizations is to improve the healthcare facilities in the nation. They provide individual, and collective plans to the people for their ease.

Long-Term Insurance Plans

The long-term insurance plans are defined as a variety of insured services that meet both non-medical and medical needs of individuals that are suffering from a disability and cannot take care of themselves or from some chronic illness. The long-term insurance services can be provided either at the home, in the community or might be provided in the nursing homes. Insurance agencies in WNC provide the best long-term insurance plans to the people. It is estimated that about four out of every ten people are subject to some disability or a chronic disease at the age of 65. It is, therefore, essential to provide affordable and cheaper long-term insurance plans to the elderly people so that they can live comfortably.

Annuity Plans

It is deemed as the asset that provides a regular amount each year to the bearer until the annuity matures or the annuity expires, or the holder of that annuity passes away. An annuity provides high yield investment and a lower risk with assured rate of return to its client. The agencies in WNC offer the best annuity plans to their customers so that they can get the best out of their pension assets. Their services are very helpful and consolidating.

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Categories: Finance

Selling broker dealers October 11, 2016

Shawn K. Smith is the Principal of Financial Advisor Placement Services and founded it in 2009. Shawn has 23 years of investment industry experience and has worked directly with Financial Advisors during this time. Prior to founding Financial Advisor Placement Services, he worked at Ameriprise Financial as the Recruiting Manager for the Northeast. Before Ameriprise, Shawn worked as a Vice President of Sales at Sun Life Financial, in Wellesley, MA. Shawn was Assistant Vice President of Sales for Pioneer Investments in Boston and a Wholesaler at North American Funds in Boston in the late 1990’s. Shawn holds an MBA, from Bentley University and a BA in Economics from Princeton University.

Selling Broker Dealers and Books of Business
Since we have been in business, we have been getting calls from advisors who want to either buy or sell a book of business. With the aging of today’s financial advisor, the average age of the advisor is 58 years old. In this aging population, it only makes sense that some advisors will want to retire. Seeing this demand, we have accomodated these requests and have begun to help advisors sell their books and we have also helped smaller broker dealers sell their firms & Independent broker dealer list.

With a vast network of qualified buyers, we are able to “create a market” for the financial advisor and company owner to market their assets. Unlike other competitor firms, that simply send “blast emails” out to a wide area of financial advisors to get buyers, we use our personal relationships to provide qualfied buyers in a confidential manner with broker dealers that will financially stand behind the buyer. We always have the buyer and seller sign a non-disclosure agreement so that everything is kept confidential. We find that this is the best way to do business.

Financial Advisor Placement Services is the premier financial advisor placement firm, that specializes in representing only financial advisors. There is no cost to the Advisor!
The reason why advisors go with us is because of our industry relationships, knowledge and high touch professional service. Most of our advisors thank us for helping them find a new broker dealer, and we tell them that we are just doing our job, which is helping advisors succeed!

Many Wall Street brokerages and independent broker dealers are undergoing tremendous change. The wirehouses continue to cut payouts and increase account minimums, while multiple mergers are consolidating the independent broker dealer landscape. The DOL’s Fiduciary Standard. Many of the Insurance owned broker dealers are increasing production requirements and forcing proprietary sales. FINRA has become more over-bearing with increased rules and regulations. Improved technology and wealth management platforms are improving the independent broker-dealer model.

Financial Advisors who want to change firms, usually don’t have the background, knowledge, or time to have numerous discussions with many broker dealers. Your decision to find your next broker dealer is an important one. You will want your next broker dealer to fit your practice, and that’s where we add value-in sorting through all of the firms and identifying the ones to fit your needs and personality.

We work closely with many broker dealers, where we know the key decision makers well. We will familiarize you with these firms so that you can understand their culture, products, platforms, and introduce you to their key executives. We will act as your “agent” to negotiate the best deal possible.

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Categories: Finance

How can small business loans fund your company’s resources

Every business requires a certain capital to successfully function. Whether it is meeting the payroll, managing with unexpected expenses or investing in future expansions, this capital is required. However, for a small business, raising sufficient capital may be a challenge, especially if the market is competitive.

With the right loan, your small business can get the required funding for resources any business owner would require. Here are the different ways these business loans can assist you:

Marketing: As a part of any business strategy, a business owner will need to market the business, especially through ads, social media posts, new website developments and similar market-related expenses. By using a business loan, it gives you the flexibility to invest in your business growth, especially for a short notice. This is an ideal way to measure a marketing campaign and invest the required capital in beneficial marketing tactics that deliver favourable returns.

Purchasing inventory: Any business would need to have the ability to purchase new inventory, especially if you spot a great deal on a short notice. Small business loans are flexible for such inventory purchases. This an ideal solution to get capital for inventory such as during peak shopping season or even purchasing a hard to find inventory. This is the best financial solution for businesses, who want to stay ahead of the competition and make their mark in the market.

Covering slow receivables: It is not uncommon for small businesses to encounter a cash flow crunch because the targeted market is slow. In such a situation, access to a line of credit or working capital loan ensures that you can keep paying off your bills until the market turns favorable.

Office relocation or expansion: Small businesses often undergo an expansion, which will either require a new place or relocation. A small business loan will provide you with the required capital to pay for any short term costing, required for this reason, without affecting your business’s revenue.

Investing in a new product development: As a business depends on the products offered, at times, research and development into new opportunities ensure the continuity as well as future expansion of the business. Small business loans will provide your business with the required capital to experiment and get your ideas for a new product off the ground. These capitals will also you to market your new product, without forcing you to invest your current business’s income.

Unexpected expenses: It is not uncommon for a business to suddenly undergo unexpected financial requirements. In this case, it is best that your business invests in an emergency fund, which will keep your company still new and growing. While you can invest your own business’s funds in this fund, you can also opt for a business loan that will help cover any unexpected losses or expenses

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Categories: Finance

Are you aware of the security tips when transferring money online

Today’s technology has progressed to a level, which allows you to transfer funds from one account another in a matter of a few hours. All that is required is a mere clock of a button and funds can be easily transferred from one country to another. However, there are plenty of risks involved when it comes to online money transfer. Through these risks, either your funds can be compromised or even details of your account can be compromised. However, with these few security tips, you can easily reduce the risks involved in transferring money, thus ensuring an easy online transfer.

Opt for a secure desktop over a public one:

When you make an online money transfer, you will need to use a digital platform to do so. This platform can be either in the form of a computer, laptop or even your phone. But unlike a private platform, the public platform may not have its security features that are up to mark. At times, public platforms may have malicious software or tracking devices installed without your knowledge. When you access your account or make a transaction, this software or tracking device can collect all the relevant data such as passwords, account details and user id, which can be transmitted to another remote location without your knowledge. This data can then be used to access your account or restrict your access to it.

Additionally, this information can also be used to create a replicate account for the purpose of stealing data.

Avoid unreliable third party websites:

In order to make an online money transfer, you will be required to log onto an online portal in order to log into your account. When logging into the website, you will need to use the complete website URL to login. Otherwise, you might log into a similar website with false details. These websites, in particular, are malicious, using techniques of spamming and phishing to collect account details. This account detail is then either publicly published, or can be used to create a fake account in your identity. In this way, your account will get compromised.

Avoid public internet networks

When you log onto the website, an internet connection is required. Plenty of public places such as cafés, restaurants and other similar outlets offer free Wi – FI. These networks may offer a free internet connect, but they do not offer the same security features that you can find on a private internet connection. Plenty of individuals can easily access your account or data and manipulate a transaction to deposit it in another account. All it requires is a combination of software and profession skill to make this illegal transfer from occurring.
Transferring your funds online will save you a lot of your resources and time. However, it is important to keep the security in mind when dealing with such important financial transfers. Any decision you make can lead to loss of your funds or compromise on your account.

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Categories: Finance

All you need to know about telegraphic transfer and its advantages

Transferring money from location to another has become a necessity in today’s financial habits for many. Whether it is transferring funds from one country or another, or within the country, there are plenty of options to consider when it comes to money transfer. Amongst the different options available, the telegraphic transfer has always been a popular choice for many.

The telegraphic transfer works like other money transfer options. The sender will select a fixed amount that needs to be transferred along with the required service charges. Additionally, details of the designated financial account are also provided. Standing instructions are provided to the sending bank or institute, which is then passed to the receiver. Once the transfer is made and received, it is considered as a ‘cleared’ transfer.

Previously, it was used by telegraph companies that carried telegraphic transfer of money orders from one wire company to another. Through this form of transfer, the bank or financial institute, through the standing instructions, can wire funds from one account to another account. Today, with the progress in technology and economy, it is now possible to wire funds from any financial institute to another. Therefore, funds can also be transferred through this process by depositing money in cash, at a cash office which can be transferred to the requested bank account.

Telegraphic transfer, which is considered as a wire transfer, is considered to be one of the easiest forms of making payments for any bank transactions. It is also a popular option for those who want to make large money transfers. Today, it can be used to make payment for banking transactions such as personal account management, credit card balance transfer, paying telephone bills and even other utility or internet bills.

In addition to this benefit, this money transfer is also one of the safest options. As the actual transfer of funds is not seen by any individual, until it reaches its destination, it cannot be easily compromised. In this way, it ensures the maximum security when making any payments or any transfers. Additionally, as it is administered by the global administer, it monitors the transfer of funds across different networks, thus ensuring a smooth and secure transfer.

Wire or telegraphic transfers are extremely fast. Once the funds are deposited it in the account, it can be withdrawn and used for any purpose required. In most cases, there is no hold on the funds so that the recipient can use the funds within a business day. If there is any delay, the receiver needs only to show the wire proceeds in the financial account, to access it

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Categories: Finance

Neurofinance and the Risk Mindset October 10, 2016

Increasingly the findings from neuroscience are being applied to the world of finance. This is not surprising as neuroscience has plenty to contribute to our understanding of the decision-making process and the financial decisions we make are among the most important.

Expanding our understanding of financial decision-making and how to develop a ‘risk mindset’ can help protect organisations against the type of market booms and busts that plague economies around the world.

Improving financial decision-making

Poor financial decision-making can be damaging at both a personal and a professional level – creating stress in the home and insecurity at work.

Unsurprisingly, low financial literacy levels are a major contributing factor to this; but our own understanding of how we make decisions also affects our decision-making.

Most of us believe that we are able to keep our emotions in check; that we are able to put feelings, emotions, and memories to one side and just base our financial decisions on the cold hard data – the numbers.

Neuroscience has shown us that the brain doesn’t work like that. In fact, our emotions play an important role in decision-making. Consider an occasion when you have been resolute in a decision, but been persuaded otherwise after a talk with a friend, colleague, or family member; emotional reasons often force this change of mind.

When this tendency to make emotional decisions is combined with an increasingly complex financial landscape, where the number of choices for financial products and services is mind-boggling, we begin to understand the risks involved.

Financial service companies need to improve the literacy of their customers. In the past there has been a sense that financial organisations have a vested interest in keeping everything vague and complex, unintelligible to all but a few. But the winning organisations of the future will be educators that simplify their products and services for customers, and raise financial literacy levels.

Recent insights from behavioural economics and neuroscience can assist with designing financial products and marketing campaigns that promote better understanding for customers and employees, encouraging better financial advice, and improving the likelihood of a good financial decision being made.

Developing a ‘risk mindset’

Ensuring that the right financial products are sold to the right people, for the right reasons, and that customers fully understand what they are purchasing, requires a ‘risk mindset’.

This is becoming more necessary as financial regulations become tighter around the world, and financial organisations start to repair the image problems they have experienced in recent years.

But it takes more than just paying ‘lip service’ to regulations; it is about bringing real value to the customer experience.

With the aid of neuroscience and a better understanding of the decision-making process, organisations can:

Create a culture where the ‘regulator’ mindset is adopted in a constructive way, using principles that underlie the regulation rather than just blindly following the letter of the law.
Re-design incentive schemes less likely to result in mis-selling
Develop structured processes and a common language that all areas of the organisation can use to focus on the customer
Adapt existing products and services to have a positive impact on the customer experience
Foster collaboration and change between and within traditional organisational ‘silos’

The team at NeuroPower is at the forefront of introducing new approaches to organisational development through the findings of neuroscience. We apply them to all types of businesses, developing high performing teams and enhancing leadership. Find out more at our website: http://www.neuropowergroup.com.

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Holding on to Our Money October 4, 2016

Why is it so hard to manage money and hold on to it? How can we save more and spend less? It has become an issue to make and save money.

The world is geared in such a way that it’s difficult to hold on to our money…

Everyone is after money – our money, their money, everybody’s money – because of greed and because they never have enough. They spend years in higher education, in colleges and universities, to master the art of finding ways to get our money with such ease. They have become experts in their field and their field is to find more ways for our money to escape from our wallets faster and faster.

The funny thing is, there is a collaboration between the financial institutions and the commercial world to create more wants than needs. People, in general, are innocent and ordinary. The majority work hard to try to have a life without paying too much attention to the details… and that is when it happens…

I remember when banks were not so greedy. They made it easy and a pleasure to bank with them. Now it’s all about them making more and more billions in profits every year. They charge for every little detail, and we are not done yet, because they have their geniuses looking for ways to get every hard-earned dollar from our bank accounts into theirs-the latest being that, with every transaction at the teller, if you want a receipt, there is a charge of one dollar.

The government raises taxes, and if you don’t have a good accountant, you are doomed. There is a well-organized plan to find ways for our money to fly into someone else’s nest. Therefore, people will never get out of debt unless they get smart, spend less, and save more. As the saying goes, “A penny saved is a penny earned.”

How about our young ones? Do you think there is more we can do to educate them about money matters, to help them manage their resources, money, time, and so on? I don’t think we do enough to prepare our young people for life and its money challenges!

We teach them history, the arts, geography, economics, and so on. Please, don’t get me wrong, these subjects are important, but I feel it’s more important to teach them practical and smart ways to deal with their personal finances, starting from when they’re young and into their teen years.

It would make such a huge difference in their lives. It would determine how successful they are going to be… or not.

But here is the question: Who is responsible for this task-the school system or the parents? Why do we as parents depend on others, such as schools, to ready our children for life? Isn’t it our duty to make this happen?

Here is my opinion: Parents care more for their children than anyone else does; therefore, they are responsible for teaching their children about personal finances if the school doesn’t do it. Remember, economics is not the same as personal finance. We have to teach young people to spend less than what they make, a lesson that can prove to be as valuable as gold if it’s put into action! It’s a very simple lesson but a very important one.

I wish I knew more about money management. I wish someone had told me early in life about money and how very important it is to save more and spend less… to pay myself first and then spend the rest with no guilt. Life will never be without its bills and expenses. It is what it is, and nothing is free… well, I’m trying to think what things are free-not too many! The air we breathe is still free, but I don’t know for how much longer!

Money matters. Let us be wise about it so we can have it in times of need!

Article Source: http://EzineArticles.com/expert/Litsa_Bolontzakis/1180557

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