Financial Safety Advice

At a general level one can distinguish between insurers (that we will discuss in another article) and banks.

In Spain there are four general types of banks:

Private institutions banks are usually publicly traded company, and is used mainly to mortgages and accepting deposits.

Savings. Are virtually identical to the banks except two characteristics:

1. Are public institutions owned by one or more government (municipality, region, county council, etc).
2. They do not pay taxes, but instead are required to distribute at least one third of its profits to works of social interest.

Credit unions. Are very similar to the savings banks, in fact it is often difficult to distinguish because they also adopt the name “box.” The main characteristic of these entities that are not public property, are actually owned by a “financial cooperatives.” Credit unions are often associated with a cooperative association or industrial or sectoral, so for example the Fund is linked to the Lawyers Bar Association. Read the rest of this entry →

It is becoming increasingly clear that the main strategy of banks today is based on “theft” of customers from other branches.

The European banking model, each day is more like the American model where each person chooses a bank for the services is not “because it is what I used all my life.”

So every day we see how the bank deals are aimed primarily at new customers neglecting customers “old.” It is interesting to bank moving according to our needs in order to make the most of our money.

Financial products that can take more advantage of the Bank are currently changing payroll and mortgage abrogation. These are the most important financial institutions as they are a relatively lasting relationship with them and, taking the payroll or mortgage in a particular bank, it is easier for them to consider hiring other related products (like insurance). Read the rest of this entry →

Today there are no clear rules to establish equal rights for all citizens related to open bank accounts in financial institutions under the orbit of the European Union. The power of any inhabitant of a European country to have a bank account does not appear regulated. It is well known bank accounts are an almost indispensable service for these times, so you should complain to the economic and financial organizations equal treatment for all people. At present each country manages its own rules, which implies a lack of knowledge of the rules governing the various countries by workers and students when any transfers outside borders. The shortcomings in the appropriate information and lack of knowledge of the laws that regulate the simple act of registering a bank account in a different country of the European Union may cause some inconvenience to customers and users of member nations.

In some of the countries of the European Union, the decision of whether or not a bank account is an entirely commercial decision due to the economic organization where the operator carries out processing. The role of contractual independence means that lenders are not obliged to accept the opening of bank accounts to any resident who claimed and under any situation. The decision to reject or not the request to open bank account is purely commercial and spring only from the house bank. At the other extreme, there are other European nations which require their financial systems to receive all the paperwork submitted for opening bank account, including also those corresponding to a bank account online. The reason for this action goes back to times gone by when the system was reasonable for low-income citizens, but at present this mechanism has been extended to all citizens. Read the rest of this entry →

Run into several million individuals living in European countries without proper papers. They work and save cash every month. Most of them were able to open bank account, but perhaps this fact can affect some form of legal status. Put troops on security duty in their own homes is their continuing risks if thugs or thieves intend to make an unplanned visit. To avoid these facts and order while the family economy, is that more and more often any immigrant without papers regulatory choose open bank account in any financial institution. Mindful studies the act of not having to update the official residence and have a bank account, not an obstacle for people who want to eventually conform. There are even many government and consultancies that provide advice and collaboration in the protection of cash. It recognized the quality in the performance of European financial institutions and especially those of Spain, even offering the ability to conduct transactions from home for such a purpose the bank account on line.

Only with the certified copy of valid passport to open bank account is achieved in certain financial organizations. Unlike the situation for commercial bank accounts, because banks may also require registration and other details for the company. They even offer the ability to make cash withdrawals or money transfers through bank accounts located in another country. Immigrants may also check the availability of savings so directly online or by phone. Deposits to use instant bank account opening must be a verifiable and legitimate source. For this it is recommended that transfers money from another bank account are accepted even the country of origin. Some legal immigrants credit cards retain their countries of origin and currently used, but in some sites do not allow them to pay with their cards on the ground that are not international. Read the rest of this entry →

Today online services has grown to become indispensable to us all. We can not do without the online services because they make things so much easier!.

The online bank accounts have been created so that transactions are carried out as simply as possible. We can get an online bank account for the vast majority of financial institutions. Both established and virtual banks. A large number of banks offering their customers free online bank accounts.

The only thing necessary for this type of account is to visit the website of the financial institution you want and follow the instructions to set up the account.

There may be online transactions and you can check the balance of the account, all free and easy just need to follow the links that your bank offers, also subscribe to receive your password and then enter the site and go check the movements. Read the rest of this entry →