Bank finance articles and tips

People and companies that operate from countries with minimal capital control measures are used to transferring money out of their countries and receiving money from foreign parties reasonably quickly with minimal fuss, as long as the transfers are for legitimate purpose. Of course, in present circumstances, all countries with modern banking institutions have put in place regulatory measures to detect, identify and penalize potential money transfers of illegal nature (for example money laundering). People and companies that wish to transfer/receive money normally compare simple issues of cost, exchange rates, financial soundness of the institution and speed of transfer. Some may also consider more mundane issues such as convenience (does the institution have a branch nearby) and customer service (are staff in the institution helpful and courteous)....