Top Philippine Banks For Ofw

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A bank account is very important for OFW since it will be the account where the money will be sent from abroad. Opening a new bank account can be hard since you do not know which bank is the best for your criteria. There are really many banks in the Philippines so selecting one is not easy. In this article, you can learn which bank to use to send money to the Philippines.

1. Banco de Oro

Last year, Banco de Oro or commonly known as BDO held the highest portion of OFW remittances so it was named by Central Bank o f the Philippines as the No.1 bank of OFW remittance. BDO has services that it exclusively offer to OFW and their relatives like the Kabayan savings account with only P50 initial deposit with no maintaining balance as long it will be used for remittance. Just like other banks, BDO has Internet banking, phone, mobile and ATM banking across the country.

2. BPI

Recently, Finance Asia awarded Bank of the Philippine Islands as the best bank in the country for cash management in 2009. BPI is my choice bank for sending money to the Philippines. It has the best care fo its customer and very quick in responding to their client’s needs.

3. Metrobank

Metrobank is a famousr bank in the Philippines and listed as a public company in the Philippine Stock Exchange. Last year, it belongs to the top five remittance bank of OFW. It has a wide network of branches not only in the Philippines but also in other countries like US, European countries, Korea and Middle East countries. Many OFW likes Metrobank because of its good customer service and plenty of branches all over the country.

4. Chinabank

ChinaBank ranks fourth as the largest universal bank in the Philippines by market capitalization. It is a member of BancNet, a famous bank organization in the Phlippines. Chinabank has many services through its 388 ATM and 248 branches across the country. One good benefit of using Chinabank is you can transfer money to other bank members of BancNet with just small transfer charge.

5. Union Bank of the Philippines

In the Philippines, Union Bank ranks seventh in the largest banks in terms of assets. It is a public bank listed in Philippine Stock Exchange. Union Bank is a partnership among the companies and government institution in the country. With its wide range of services, many people and OFW find Union Bank a good choice for banking and remittance purposes. You can send money to the Philippines using Union Bank by PayPal, through remittance partners and by bank to bank wire transfer.

Choosing a bank for remittance purposes depends on your needs. Almost all banks offer same services but you need to determine those which are customer-oriented and responds to client’s problems quickly.

Implications Of Money Laundering

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Money laundering is referred as to make to proceeds of the crime appear respectable. The whole world is now taking serious actions against money laundering.
In United Kingdom, the parliament has passed money laundering act. This act has been influenced on different parliament acts. These are:
Drugs Trafficking offences Act 1986
Criminal Justice Act 1993
Terrorism Act 2000
Anti Terrorism Crime Security Act 2001
Proceeds of Crime Act 2002

Money laundering is based on different crimes. It is just the end form of different crimes. Some criminal offences are mentioned below which are included in Proceeds of crime Act:
Laundering: Acquisition, possession or use of the proceeds of crime

Failure to report: If somebody fails to disclose knowledge or suspicion of money laundering then he will be liable for crime.

Tipping off: Somebody who disclose information to any person who is involved in some crime then he is also liable and contributor in crime.

For example a bank manager who see any illegal transaction then he should declare this information to money laundering reporting officer, before the transaction took place or right after the transaction. Otherwise he will be investigated and failure to disclose will lead him to crime.

There are three major phases in money laundering which are mentioned below:
Placement
Change the initial disposal of the illegal activity into legal business activity.
Layering:
It means to put different layers to hide the original proceedings.
Integration:
After placement and putting different layers, the money has the appearance of legal funds.

Accountants can play a vital role in reducing the chances of money laundering. They have to be very careful while preparing accounts of company because accountants are liable to disclose any illegal activity inside the company. Now accountants have to be followed many regulations which are set by IASB. It is mentioned in these regulations that accountants will be asked of any suspected transaction.

If somebody has been involved in the above offences then he may have to face serious penalties. The British Law sets out the following penalties in relation to money laundering:

1. Person who is directly related to money laundering can be penalized 14 years imprisonment and/or fine.
2. A person who is responsible for failure to report information may be given 5 years imprisonment.
3. 5 years imprisonment is given for tipping off a suspected launderer; it means suspected launderer must not be alerted.

How To Track Bank Account Transactions Manually

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When a customer at the bank gets a hold of a statement in through the mail, the statement lists out all the transactions happened during previous month. The transactions include both incoming and outgoing, tallying up to a final sum which is indicated as the up-to-date account balance for the benefit of the customer. Without the benefit of the statement, the customer would be much more in the dark more with respect to the contents of the account. With the statement in hand the customer knows details such as the dollar value spent, the size of the income, and the present state of the account.

The fact of the matter is that this information becomes outdated almost immediately as the customer starts to use money. A simple ATM withdrawal means the account balance is not reflected in the monthly statement. The way to make sure one knows the state of finances even between statements is known as “bank reconciliation”. The device to help one do so is the checkbook register – which is simply a little sheet of paper that is used for recording transactions.

What is the importance keeping track of this money? The larger fraction of bank customers have come up against deep reasons to do so. Indeed, whenever a check is issued with a value higher than the level of money in the account, two things happen. The check may not go through incurring a bounced check fee, or the check goes through because the bank covers it temporarily triggering an overdraft fee. In both cases there is a serious negative consequence.

The types of transactions are many. Monthly car payments by way of check can result in a penalty if there are not enough funds on the day the payment is being cashed.

Personal checkbook registers impedes the rotten luck of such errors occuring. For people who have trouble managing their finances but also find maintaining a checkbook register too burdensome, there are electronic alternatives which are faster and easier to use. These are merely calculator-like devices that can easily be carried around. They have special entry keys for the different kinds of transactions one might encounter related to the checking account.

Very recently the U.S. Senate implemented a series of consumer-friendly finance rules relating to how banks charge overdraft fees (this fee is incurred whenever a bank steps in and pads a customer’s account whether or not the customer wants it). Basically a bank must ask a customer to opt-in to their overdraft fee program. However, the flip side is that without the overdraft fee, checks will bounce and cause other kinds of trouble. Therefore, it is still best to keep finances in check with devices like the checkbook register.

blood banks – Benefits of Cord Blood Banking

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Cord blood stem cells have already been used in treating over 20,000 patients for a wide range of diseases, including types of leukemia and immune system illnesses. Cord blood stem cell treatment is still considered experimental and scientists continue to research its uses in treating other diseases like cerebral palsy, stroke, and diabetes. As further scientific breakthroughs are made, the potential for using cord blood stem cells to treat a variety of diseases and conditions may continue to increase. The first documented clinical use of cord blood stem cells was in the successful treatment of a six-year-old boy afflicted by Fanconi anemia in 1988. Since then, cord blood banking has become increasingly recognized as a source of stem cells that can be used in stem cell therapy.

Recent studies have shown that cord blood has unique advantages over traditional bone marrow transplantation, particularly in children, and can be life-saving in rare cases where a suitable bone-marrow donor cannot be found. Approximately 50% of patients requiring a bone marrow transplant will not find a suitable donor within a critical period. In certain instances, there may be some medical issues around using one’s own cells drawn from their cord blood storage, as well as availability of cells, which will require treatments done using cells from another donor, with the vast majority being unrelated donors. However, studies have shown that stem cells from cord blood banking can also be used for siblings and other members of the family who have a matching tissue type. Siblings have up to a 75% chance of compatibility, and the cord blood may even be a match for parents (50%) and grandparents.

Parents often ask what a cord blood Collection Kit exactly is. A collection kit stores and protects cord blood for delivery to a cord blood bank. These kits vary from bank to bank, and they commonly feature temperature stabilizers, reinforced casings that provide breakage protection, and specialized collection bags for containing cord blood. It’s important to take your kit with you to the hospital, as the staff there will not provide you with one should you forget to bring it. With regards to choosing a reputable bank, it is important to take the time to consider these key questions: Has the bank registered with the U.S. Food and Drug Administration (FDA) and met all necessary state regulatory requirements? Is it accredited? How does the bank store cord blood? How experienced is the cord blood bank? Is the cord blood bank financially stable and profitable? Ask the bank you’re considering what it would do with your cord blood if the company went out of business. Look for a company with a reasonable plan to accommodate customers. For additional information, visit www.cordbloodadvantage.com to learn more.

Jammu And Kashmir Bank Limited (j&kbank) – Financial And Strategic Swot Analysis Review

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May, 5, 2014 : Company Profiles and Conferences presents a Company Report on “Jammu and Kashmir Bank Limited (J&KBANK) – Financial and Strategic SWOT Analysis Review”, which include anywhere banking, internet banking, SMS banking, ATM services, debit and credit cards, merchant acquiring, mutual funds, insurance services, and remittance services. It conducts banking business of the Central Government, and collecting central taxes for CBDT.

Summary

Jammu and Kashmir Bank Limited (J&K Bank) is a financial services provider, based in India. The company provides loans, insurance, tax products/planning, savings and deposits, cards, mutual funds, and non resident banking. It offers support services, depository services, third party services, and cash management services to its clients. The companys services include anywhere banking, internet banking, SMS banking, ATM services, debit and credit cards, merchant acquiring, mutual funds, insurance services, and remittance services. It conducts banking business of the Central Government, and collecting central taxes for CBDT. The company offers financial solutions for household, small and medium enterprises. J&K Bank is headquartered in Srinagar, Jammu & Kashmir, India.

Jammu and Kashmir Bank Limited Key Recent Developments

Jul 04, 2013: Jammu and Kashmir State Of India Inaugurates Drugi Micro Hydro Power Plant

This comprehensive SWOT profile of Jammu and Kashmir Bank Limited provides you an in-depth strategic analysis of the companys businesses and operations. The profile is bring to you a clear and an unbiased view of the companys key strengths and weaknesses and the potential opportunities and threats. The profile helps you formulate strategies that augment your business by enabling you to understand your partners, customers and competitors better.

This company report forms is the part of Profile on Demand service, covering over 50,000 of the worlds leading companies. Once purchased the highly qualified team of company analysts will comprehensively research and author a full financial and strategic analysis of Jammu and Kashmir Bank Limited including a detailed SWOT analysis, and deliver this direct to you in pdf format within two business days. (excluding weekends).

The profile contains critical company information including,

– Business description A detailed description of the companys operations and business divisions.
– Corporate strategy Analysts summarization of the companys business strategy.
– SWOT Analysis A detailed analysis of the companys strengths, weakness, opportunities and threats.
– Company history Progression of key events associated with the company.
– Major products and services A list of major products, services and brands of the company.

The Scope Of Banking Jobs in India

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In India, Banking sector has always been viewed as the safest sector from the viewpoint of stability and pay. And why not! With more than 29 foreign banks, 28 nationalized banks and approximately 24 private banks, the scope of Banking Jobs is significantly on the rise in India. Today, there are more than 53,000 branches of Banks in India providing countless job opportunities to graduates and post-graduates.

What’s So Interesting About Banking Jobs In India?
Post liberalization, the class banking transformed into mass banking in India. It gave momentum to the expansion of banks in India. This attracted not only those with their relatives employed in banks but scores of others. What lured people the most and still continues to attract many fresh graduates and post graduates is the less stressful working hours in addition to the amazing pay package. Like any other sector, there are various divisions in banking sector as well. These divisions are generally categorized on two levels – officer level and clerical level. While the officer level work is regarding the banking dealings with customers, managing their portfolios and other similar tasks; the clerical level work is all about managing the front office responsibilities, checking the notes and coins, etc. Talking about the pay scale, you can start off your career in any reputed bank with a pay package anywhere between INR 15,000 and INR 30,000 per month.

The Banks Where You Can Apply To Work With:
Institute of Banking Personnel Selection (IBPS) is an autonomous body that is authorized by Indian Banks’ Association (IBA). It has received authorization from 19 Public Sector Banks and conducts the Common Written Examination (CWE) for the posts of Probationary Officer (PO) or Management Trainee. The CWE is organized twice a year by the IBPS for the afore-mentioned posts in public sector banks; namely:
Allahabad Bank
Andhra Bank
Bank of Baroda
Bank of India
Bank of Maharashtra
Canara Bank
Central Bank of India
Corporation Bank
Dena Bank
Indian Overseas Bank
Indian Bank
Oriental Bank of Commerce
Punjab National Bank
Punjab & Sind Bank
Syndicate Bank
UCO Bank
Union Bank of India
United Bank of India
Vijaya Bank

The criteria to apply for the post of PO require you to have completed the graduation with good marks from a well-recognized university. Also, the graduate should be aged between 21 to 30 years.

A Powerful Law Of Attraction Money Tip You Can Use Right Now

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Like the law of gravity, the Law of Attraction is absolute and makes no judgment, regardless of whether or not you believe in in. By understanding its basic principles, you can use this amazing law to draw anything you wish into your life. And when it comes to finances, knowing even one Law of Attraction money tip can make significant positive changes to your bank account (in your favor, of course).

The Law of Attraction (also known as LOA) states that anything that you focus on most of the time will be drawn to you. So commonsense would tell you that if you anted more financial wealth in your life, you’d simply focus on getting wealthier. Unfortunately, this goes against human nature. What the majority of people do is place their full attention on what they DON’T have as opposed to what they want.

Since the LOA will give you exactly what you are thinking about most, people who dwell on their lack of money ultimately attract more experiences to them that keeps them lacking for money. To change this situation, if you have to reverse what you are placing your attention on.

Law of Attraction Money Tip: place all of your mental energy on the money you want to have instead of your lack of money.

Sounds simple enough, but just changing your “money mindset” can drastically improve your financial situation. So instead of worrying about not having enough money, you need to place your attention on the money you’d like to have. Get rid of those “I never have enough money” thoughts, and instead replace them with images of the amount of money that you’d like to have.

This one Law of Attraction money tip, if acted on with strong emotion, will manifest money to you almost instantly. If you want more money, then fill your mind with thoughts of having more money. Visualize that money in your hand or your bank account, and it will soon be there, almost as if by magic. Don’t be like 95% of people who struggle each day with not having enough financial resources. Be wealthy in your mind first, and let the LOA take care of the rest.

Making Money With Binary Options

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Binary options trading is becoming popular day by day. The reason of this almost insane progress is its simplicity, but this is not the only benefit of this service, it is very profitable. This kind of platform does not demand a particular knowledge and advanced skills. Binary trading is a perfect way to earn money for example for a student who is studying relevant spheres, a good way to earn in a short period of time for a housewife with enough spare time to keep updated with the latest news and overall for everyone who is seeking for smart solutions to earn money without working too much. The simplicity of course does not mean that risk is not included. Not to gamble on binary options platform is a first advise for those who wants to make money in a short period of time, but lacks patience. You do not have reason to be depended on luck, you can just spend some time learning and reduce risks. Managing possible loses is one of the binary trading benefits. If you have decided to increase income by trading make a plan. Put aim yourself and make your plan work. The first of all you have to choose the best binary broker. It must have easy and friendly software, modern and up to date banking services and good customer support centre. Broker usually offers more than 200 various assets including: foreign exchange, (Forex) indices, stocks and commodities. Firstly it is recommended to choose an asset which is the most familiar to you. This will help to get all the ins and outs of trading during the short period of time. Then systematically diversify portfolio just in case to increase your income and of course gain your knowledge and experience. What will you ever have to do while trading binary options are predicting whether the price of the current asset will go up or down, then according to your suggestion click -call- if it’s considered to go up, if you think price makes movement down, consequently click -put-, choose expiration time and this it. That is the technical task you will ever have to perform while binary trading. Choosing a strategy is another level, you have to choose the one that perfectly match the underlying asset you are planning to trade with. The combination of the familiar asset, strategy, options and the time frame when the asset is the most active is a huge step forward to success. The other important thing is the breaking news, you always have to be updated with the latest world news as they have a strong influence over the financial markets. Fundamental and technical analysis will save you time and give you a lot of information about previous price movements.

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online trading market

online trading

Comparing Workable Ways Of No Bank Account

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Across the financial field, the diminishing teller roles are being linked to brand-new tech, that makes it possible for customers to carry out on their intelligent cell phones plus personal computers a great deal of what they as soon as did at limbs. That, bankers state, try major to a lesser amount of clients going to teller lines, which creates significantly less demand for tellers.
Whenever initially searching at RBC online banking , it is actually difficult to overlook its convenience. With online banking , it’s possible to gain access to your account anytime at their ease, maybe not the bank’s. These deals cost less than really setting foot inside the financial institution! With online banking , you become able to pay bills, check your account balances, plus transfer revenue without the trouble (or fees) of likely to the local branch. Search for no cost websites finance companies. Examine the best attract prices available online. When your do a good investigation, you’re going to be able to fast develop conclusions.

The topic of Best International Bank Account is continuously dynamic, and right now incorporates suggestions researched on webpages for example open bank account online – be sure you have an understanding of some of the the benefits.

Comparing Workable Ways Of No Bank Account

Enjoy of overcoming financial situation in the United States Of America. you economy has been influenced by financial difficulties many circumstances. One of these made an appearance throughout the duration of huge anxiety of 1929-1933. Thousand of lender deposits were devaluated as a result of ineffective operations of the banking companies, equally not coming back of the granted loans plus complete destruction on the economy. These people closed lots of financial institutions and given confiscation of thousands of objects due to not returning of debts. US congress passed laws about beginning federal companies insuring deposits plus furthermore those insuring financial loans and benefit. This method happens to be employed properly throughout various ages.
It’s so easy. Need certain kind of exchange with your own financial? Just take out your mobile device’smartphone, pill, any, on any operating system’and you’ll have actually a wealth of apps to see it done. You’ll become reminders when we need to do it again, or set it up to do it automatically. It’s very simple, absolutely. FBR analyst Paul Miller rates First Republic “outperform,” with a $48 price target. In a note to clients following the earnings announcement, Miller wrote “based about the company’s existing meaningful excess capital plus croMS-selling capabilities,” he expects the jumbo mortgage specialist “to execute its growth approach successfully inside the coming quarters.”

Blogging to the Bank 3.0 Honest Review

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Blogging has been around for a few years now. Most people use blogs to record their thoughts and lives, while the select few use them as a free way to make a fortune. One guy who uses this to his advantage is Rob Benwell. In 2006 he dished the dirt on the tips and tricks to making a fortune using blogging. But as time passes the old systems become obsolete and new techniques are required. This is where his brand new, fresh off the press Blogging to the Bank 3.0 system comes into play.

For those who know who Rob Benwell like me, you’ve probably made a killing using blogs.

For those who don’t, here’s the story:

Back in 2005 he was struggling to make any profit online, had dropped out of college and was getting deep into debt. He was trying all the techniques the gurus tell you and wasn’t getting anywhere fast. All of that went in the bin and he started using his own techniques and started making more and more money using simple blogs. In early 2006 he shared this with the world and had a great ebook called blogging to the bank. Tons of people got rich from using these techniques (including me). He then spoke at Online Marketing Legend Yanik Silver’s underground Seminar where he revealed even more of his underground strategies. Then July 2007 he released Blogging to the Bank 2.0 which showed users his new methods to creating online wealth using blogs. In total both versions have been read by over 50,000 people across the world. But as I said earlier, the techniques used in these ebooks are now showing there age. Some of them are not even working in the slightest! This is where blogging to the bank 3.0 comes into play.

It’s full of great new techniques that work online right now! Everything’s explained in plain English with all the fluff cut out. I got hold of an advanced copy of the book for a much higher price than what it actually sells for and it has been worth every single cent! I got it in the afternoon and by the evening I was creating new profitable blogs. Within a couple of hours of them being active I had made a nice little profit. Blogging To The Bank 3.0 teaches you Robs new step by step blueprint to creating highly profitable long term niche blogs using the newest optimization techniques. There’s even a section on advanced Search Engine Optimization. Most people think SEO is difficult but Rob explains this nice and simply so even the blogging newbie will understand it. Blogging To The Bank 3.0 is a breath of fresh air and I highly recommend it to anyone wanting to make easy money online. Click below for more information about this system