Write for Us Best Finance Investment & Money Blog 2022

Banks act as payment agents by conducting checking or current accounts for customers, paying cheques drawn by customers in the bank, and collecting cheques deposited to customers’ current accounts. Banks also enable customer payments via other payment methods such as Automated Clearing House , Wire transfers or telegraphic transfer, EFTPOS, and automated teller machines . A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans.

Fractional reserve banking and the issue of banknotes emerged in the 17th and 18th centuries. Merchants started to store their gold with the goldsmiths of London, who possessed private vaults, and who charged a fee for that service. The present era of banking can be traced to medieval and early Renaissance Italy, to the rich cities in the centre and north like Florence, Lucca, Siena, Venice and Genoa. The Bardi and Peruzzi families dominated banking in 14th-century Florence, establishing branches in many other parts of Europe.

While we do our best to keep these updated, numbers stated on this site may differ from actual numbers. We may have financial relationships with some of the companies mentioned on this website. Among other things, we may receive free products, services, and/or monetary compensation in exchange for featured placement of sponsored products or services. We strive to write accurate and genuine reviews and articles, and all views and opinions expressed are solely those of the authors. If you decide you would like to write for us and have something to offer our readership, please fill out the form on right to send your guest post submission.

The modern definition, however, refers to banks which provide capital to firms in the form of shares rather than loans. Unlike venture caps, they tend not to invest in new companies. Some types of financial institutions, such as building societies and credit unions, may be partly or wholly exempt from bank license requirements, and therefore regulated under separate rules. Unlike most other regulated industries, the regulator is typically also a participant in the market, being either publicly or privately governed central bank.

Please make sure every proposed guest post is original and not duplicated material. Look at the homepage and check out the first few pages to understand what kind of articles we already publish here and what kind of articles users engage with the most. The interest rate is the amount lenders charge borrowers and is a percentage of the principal.

Before implementing any strategies, you need to seek proper financial, legal and accounting counsel. All the articles published on our site may be shared on our social media channels like Facebook, Twitter, LinkedIn, Instagram, etc. We are happy to link your personal blog or website and social media links in the byline and author bio. Try to keep your bio to just two to three sentences not more than that. Individual retirement accounts and Keogh plans – a form of retirement savings in which the funds deposited and interest earned are exempt from income tax until after withdrawal. A direct or internet-only bank is a banking operation without any physical bank branches.


We read each email and regularly answer inside one business day.

Contact Details

Email: [email protected]

JPMorgan Chase and Bank of America are examples of commercial banks, though both have large retail banking divisions as well. Traditional banks now offer both brick-and-mortar branch locations and online services. Banks range in size from small, community-based institutions to global commercial banks. In most countries, banks are regulated by the national government or central bank.

We’re NOT interested in product reviews, product-related news, or self-promotion. Guest post submissions should be bring value and explore software trends objectively. Whereas you are a new or a seasoned writer, we would be happy to provide you with this platform to promote yourself. You will have a tool to engage with our followers who could be your target audience.

Investment banking, relating to activities on the financial markets. First, this includes the Gramm–Leach–Bliley Act, which allows banks again to merge with investment and insurance houses. Merging banking, investment, and insurance functions allows traditional banks to respond to increasing consumer demands for “one-stop shopping” by enabling cross-selling of products . The Bank of England originated the permanent issue of banknotes in 1695. The Royal Bank of Scotland established the first overdraft facility in 1728.

Comments are closed.