40 Best Banking Questions and Answers (Q&A) - ProProfs Discuss

Barry Mclean, Sales Manager
Answered: Apr 10, 2019

The correct answer to this question is interest. It is a payment from a borrower to a lender. Interest is more than the rate of the amount borrowed. Historian Paul Johnson dates this practice...Read More

2 Answers

679 views

How to activate Visa gift card?

D. Loukas, Maths Professor
Answered: Aug 20, 2020

• Dial the number that is on the sticker at the front of your credit or debit card. Most cards usually come with stickers that are attached to the front of the card. The sticker has a phone...Read More

2 Answers

129 views

What is the difference between Cashier's Check and Money Order?

A. Samuel, Content Manager
Answered: May 19, 2020

A money order is a form of payment method in which the full payment is made upfront instead of withdrawing it when the recipient’s cash it. This method is the reason why it is said to be a...Read More

2 Answers

119 views

What is the difference between ACH Debit and ACH Credit?

B. Strickland, Sales Manager
Answered: Jun 11, 2020

During electronic banking procedures, whether there is a deposit or withdrawal, the transaction goes through the Automated Clearing House or the ACH. There are two kinds of ACH transactions,...Read More

2 Answers

100 views

What is the difference between IMPS and NEFT?

G. GRAY, Writer
Answered: Dec 03, 2020

IMPS stands for Interbank Mobile Payment System. This system is a platform that permits people to transfer money from one bank account to another in real-time. The transactions occur in less than...Read More

4 Answers

95 views

What is the difference between Mobile Banking and Internet Banking?

G. Roland, Professor
Answered: Apr 26, 2020

Mobile banking is a service that allows the customer to perform banking dealings using a cellular device, and internet banking is a banking operation executed over the internet through the...Read More

1 Answer

93 views

What is the difference between Microfinance and Microcredit?

Anthony Paul Bonadio, Teacher
Answered: Jul 12, 2020

Microfinance is the process of providing financial aid and services to people who have low incomes. This process includes people who find it difficult to gain an advantage from these services...Read More

2 Answers

73 views

What is the difference between Cashier's Check and Certified Check?

J. Rogers, Rosshazlewood
Answered: Jul 10, 2020

Some people can become confused with the differences between a cashier’s check and a certified check. A cashier’s check is the type of check that has been signed by the bank. When you...Read More

1 Answer

66 views

Banking Questions and Answers (Q&A)

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