Tag Archives: Foreign

Banking

Things To Avoid About Foreign Banking

The major players in the Indian Banking scenario are SBI, Bank of India, Pubjab National Bank, Bank of Baroda, United Commercial Bank etc. However, there are limited scope for the international banks in the country but this limited scope has turned out to be unimaginably heavier in terms of profits so earned.

The Public sector banks are more popular among masses or in other words we can say that the Foreign Banks are not so much popular here in India due to the fact that there have been so many scams where the hard earnings of the people were lost in, and which were mainly caused by the private or the foreign bank in India.Other factor affecting these banks is the amount of interest offered by these banks are not in level with the public sector banks. The interests are either very low or generally a person is charged too much for ordinary services such as withdrawing funds from the account in cheque or from credit card.

If someone happens to have an account in the banks such as the Citi Bank, ABN-Amro Bank, Taib Bank, Standard Chartered Bank, BNP Paribas Bank etc. you must be well versed with their rules and regulations, as they are governed by the Foreign standards maintained by their own country.

The major factor to be reviewed is the Rules by which the bank is governed, are these rules customer oriented or simply bank oriented. However, the famous banks such as Standard Chartered Banks maintain high level of customer satisfaction and therefore, choosing such banks among others will be a good choice.

The other thing to note here is the factor of interest. However, the interests are governed by the Government of India and Reserve Bank of India but it is an intelligent banking. The one who is going to be the customer of such banks should also enquire about the fees and other expenses involved in the banking operations.

Author of this article is a financial consultant and adviser. He provide solution and information based on finance companies in india, bank in India, foreign bank in India.

Money

Foreign Money? Really?

Desperate Democrats Make Wild Claims About Why They’re Losing

by Michael D. Hume, M.S.

From national Democrat party committees to the president himself, the liberals in the U.S. are making wild claims that their opposition from the GOP is being funded by “secret foreign money.” The U.S. Chamber of Commerce has been implicated… and the movers and shakers within the party even admit there is absolutely no proof of these accusations. One prominent Democrat, when asked on a national news program what proof his party had that foreign money was controlling the upcoming elections, could only retort by asking the reporter “Well, do you have any proof it isn’t true?”

Wow.

First, this is ridiculous dirty-politics-as-usual, brought to you by the party that promised two years ago to end such partisan nonsense. A lot of silly stuff gets blasted onto the airwaves during election years (especially during what I call “The Stupid Season”), but this crosses a new line. The Democrat party has probably even left itself vulnerable to lawsuits by those it has accused without proof.

Second, is there any such thing as “foreign money” anymore? Sure, it is illegal for foreign interests to participate in the U.S. electoral process, but it’s simplistic to describe “shadowy back-room deals financed by foreign money.” Since the 1960s, when the worst thing that could happen would be a thermonuclear war (this was in all the movies of the time… check it out), the world’s richest countries have come together to tightly link all the world’s economies together such that if any major economy goes down, so do they all. This is known as the doctrine of “Mutually-Assured Economic Destruction,” designed to replace the old “Mutually-Assured Destruction” doctrine of the cold war. Now we don’t have to fight wars that kill people (current wars notwithstanding)… we can fight each other with money. But the MAED policy assures no foreign country (even including China, whose currency was featured in the fallacious ad in question) serves its own best interest by trying to tear down our economy. China depends on us, at least as much as we depend upon China. (The arrangement does create a global conspiracy against wealth, though, so it’s still smart in these times to get as much education on the subject as you can, and to think about mitigating strategies such as saving money, reducing debt, and starting a business on the side.)

Finally… why in the WORLD would the Democrats complain about foreign money? Their political moves have long been aided by wealthy foreigners from George Soros to the Clintons’ Chinese backers. But more importantly, wasn’t the election of Barack Obama supposed to restore America’s worldwide reputation from the horrible erosion it suffered under (gasp!) George W. Bush? Thanks to Obama, isn’t the rest of the world supposed to love us now?

Wouldn’t they HOPE that foreigners would want to toss us all the spare CHANGE they can?

Only two more weeks left in Stupid Season. After November 2, if the polls are correct, we’ll start getting smart again… and not a minute too soon.

　

 

Michael Hume is a speaker, writer, and consultant specializing in helping people maximize their potential and enjoy inspiring lives. As part of his inspirational leadership mission, he coaches executives and leaders in growing their personal sense of well-being through wealth creation and management, along with personal vitality.

Those with an entrepreneurial spirit who want to make money “one less thing to worry about” can learn more about working with Michael at http://oneyearplan.net/michaeldhume

Anyone wanting to jump-start their vitality can browse through the best (and most travel-friendly) nutraceuticals on the market at http://shop.enivausa.com/239824

Michael and his wife, Kathryn, divide their time between homes in California and Colorado. They are very proud of their offspring, who grew up to include a homemaker, a rock star, a service talent, and a television expert. Two grandchildren also warm their hearts! Visit Michael’s web site at http://michaelhume.net

Money

Foreign Money Exchange

When running a business, one thing that can be extremely beneficial is globalization and online business. By globalizing and making your presence established online, you can attract a huge base of potential customers and clients, rather than just the people who visit your store. Setting up your business online is a great way of generating more income, but may take more staff to keep up to speed. Ultimately in the grand scheme of things, the internet is a great way to expand because you can reach out to more clients and be of more service. When it comes to the internet, the idea of globalization is a big idea to process. Not only are you making your business available for more clients and customers, but your business may prosper in a foreign nation. One thing to consider when doing international business is that you will be dealing with countries that don’t use the same currency as you. For example, if you run a business in the United States, your currency is in dollars, while the business in Europe uses Euros. To do business, you must understand the Foreign Money Exchange. This is a ratio that is computed by factors such as how well that country’s economy is doing. In order to be most successful, one must understand the foreign money exchange rates and be able to do business when you can make the most on your country’s currency. The more your form of currency is worth than theirs will help you gain more for your goods and services provided, or pay less for what they have to offer.

There are several ways to transact these deals, but most often they are done through banks. This is the oldest form and that is why it is the most popular way used today for international business.

Banks will give you information about both currencies and the exchange rates, and will help you complete the deal. One bad thing with banks is that they have hidden fees and charges which isn’t good for business. Some banks have been reported to take up to 4% of your money in a hidden charge, which can be very substantial. To avoid this, business can be done through international payment specialists. Here a company will help process payments without hidden charges to speed up business and make it less costly. You may buy currency in a lump sum, purchase it a fixed rate and pay later, or watch the market to see when is desirable to purchase foreign money. These alternatives are very beneficial, and require just a little bit of work from your end. They are easy and can be just the trick to help your business be more successful and financially rewarding. For more information on foreign money exchange, please visit www.smartcurrencyexchange.com and get ready to save while building a more lucrative business.

 

They are easy and can be just the trick to help your business be more successful and financially rewarding. For more information on foreign money exchange, please visit www.smartcurrencyexchange.com and get ready to save while building a more lucrative business.