How To Track Bank Account Transactions Manually

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The fact of the matter is that this information becomes outdated almost immediately as the customer starts to use money.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.

Hedge funds eye a profit from European bank research retreat

As Europe’s big investment banks and brokerages scale back their research efforts, particularly towards small and mid-sized companies, some hedge funds and other specialist players spy an opportunity.

If the major players aren’t ferreting out investment ideas among Europe’s thousands of non blue-chip companies, figuring the effort is too costly and time-consuming at a time of cutbacks and rationalization, other participants see a chance to capitalize on the resultant gap in the market.

The hope? That less analysis and information flow has left the best investment ideas undiscovered, even in an era of data overload via everything from specialist investor websites to social media.

“If it’s shrinking, that research is going to be replaced by independent research firms and hedge funds, which are doing their own deep dive and explicitly investing behind their ideas,” said Soren Aandahl, head of research at activist investor Glaucus.

Data underlines the scale of research cutbacks among the big banks.

Four in every 10 European stocks tracked by analysts have seen a drop in coverage over the last two years, twice the number of firms recording a rise, Thomson Reuters figures show.

And calculations by Reuters based on year-end statements show Europe’s 30 largest banks by stock market value cut staff by 80,000 in 2013 alone – not all equity analysts of course but certainly that category was far from immune.

This has led to fewer eyes looking at some of the 9,000 listed companies in Europe, especially those with a smaller market capitalisation.

Some clients have noticed the difference.

“For many of the European mid-cap companies we cover, the breadth, depth and quality of the sell-side research (from banks and brokers) has declined,” said Moni Sternbach, head of European mid-cap investing at $6.5 billion hedge fund firm Cheyne Capital.

LUCRATIVE IDEA

Yet finding the right investment idea among overlooked small companies can still prove lucrative, as evidenced by events around Spanish wireless networks provider Gowex, a thinly analyzed company whose shares fell 60 percent after a firm called Gotham City Research issued a detailed report questioning its accounts.

Gowex subsequently filed for bankruptcy.

Gotham City had said in its original report that it stood to benefit from a drop in Gowex shares, presumably by taking a “short” position by borrowing stock it then sold in the expectation of being able to buy it back cheaper.

U.S.-based Gotham may also have been taking advantage of Europe having been hit harder in equity research than other regions, given a steep fall in commissions paid to banks by fund managers and a subsequent focusing by banks on the large companies that are more likely to offer them other business.

That same pressure on resources has also seen the quality of research fall, some fund managers say, with some companies often only covered by a brief note when they release their results.

Online Business Bank – What to Look For in an Online-Enabled Bank

Are you considering moving your banking to an online business bank? For many business owners, this will be a very good move! It means that you will have access to your banking information from anywhere. This is increasingly important since so much business takes place online to begin with, and so many companies have complex relationships with international partners. No longer can businesses be confined to dealing with banks in their local area that require you to stand in line, take a number, and fill out reams and reams of forms to accomplish the most simple task! By contrast, your online bank offers freedom and convenience.

Some people are concerned about the technology and security issues involved in an online business bank. In truth, there is not as much to worry about as alarmists would have you believe. As with anything, there are some basic, proper precautions that you should take to ensure that your information remains safe. When you are accessing your bank information online, you should use a web browser with a high level of encryption. “Encryption” represents the level of security that makes your data unreadable by hackers when you are on the internet. You should also change your banking password fairly frequently.

One of the most convenient aspects of an online business bank is the ability to deal with some kinds of transactions using your phone. Your phone or other “smart” device will be able to access your banking information from anywhere! But many people have some anxiety about using a wireless device to access their bank. To ensure that your information remains safe from scammers, always be sure to access your bank in a safe environment, over an encrypted connection. (When you are on wireless, an “encrypted” connection is the kind that requires a password.) Do not access your bank from internet cafes, and limit use in hotels and airports.

Millions of people are abandoning the traditional, old fashioned model of what a bank should be and embracing the online business bank. This kind of bank is truly the future of the financial world. Likewise, there is nothing to worry about in terms of safety and security when you deal with a reputable bank online. Like so many others, you will quickly find that the speed and ease of use outweigh any concerns.

Make Money Online Automation

If you have made the decision to work from home, you should take advantage of the internet to make money online. Picture how you could make money online through automation.

You wake up in the morning when you feel like it, grab some hot chocolate and turn on your pc. You check your Google inbox and see several $900 sales that were made while you were asleep. The process of automation allows you to make money online with a proven marketing system closing sales for you.

Once you have completed the setup process of automation, the technology does all of the work for you. We can thank the several truly bright and imaginative internet marketers who have come before us and spent the necessary time in the trenches completing all of the research and testing of proven systems to make money online through automation.

Whether it be a new start up MLM (network marketing) or another proven system, using the internet allows you to automate several of the money making online business processes right from the comfort of your home. Even offline businesses are starting to grasp the concept of internet marketing and make money online through the process of automation. From delivering products and services, to depositing money in your bank account. Automation allows you to make money online easily. How easy?

There is actually an automated system that will call your prospect for you. Once the prospect has opted in, they receive a pre-recorded voice message from you thanking them for visiting your website. This automated option does two things really well.

1. It distinguishes you from all of your competitors. Picture your lead spending the day searching for a way to make money online. They have just opted-in to three other websites before reaching yours for more information. As soon as they opt in to your website, they receive a phone call from YOU. While your competitor’s autoresponder emails are reaching spam folders, you are reaching an interested, excited lead in person with your warm and friendly voice via automation.

2. It builds trust instantly. Your new lead receives an automated call from you verifying that you are indeed a real person looking forward to helping them make money online. They can call you immediately and get started right now.

Can you start to see and feel the power of using automated systems to make money online for you?

There is actually a proven marketing system that will make money online for you through a 99% automated proven marketing system. It runs 24/7/365 closing your sales for you with the ability to integrate voice broadcasting.

Wealthy Marketer is the system that has proven to be very successful and make money online through automation.

Making money online through automation is something that even a beginner can achieve. So when you work from home, make sure you choose a proven marketing system that is not only easy, but allows you to make money online through automation.

Getting value for money in hiring a minibus

Renting budget cars online is the best way to save next time your rent a car or minibus, whether it’s for business or pleasure. There is plenty of competition in this business, so you may have trouble finding a good place to rent from. There are many websites that offer budget car rental to online customers.

If you look at some companies you will find they have chosen reputable advertisers for their sites, as when you are looking to rent a budget car online, you should make sure the company you’re dealing with is reputable. They have measured cost, reliability, customer service, and selection of vehicles.

Price is the basic thing to consider when looking to rent a car. You should try to get something within your budget. If you rent online, you’ll save quite a bit on the rental cost, so it’s by far the best option. The issue of reliability is important. A reputable car rental firm should fulfill its obligations on the contract to the letter. Make sure you get the right kind of vehicle for your trip. Don’t get a car when you really need a .

Online car rental will get you great competitive prices. Make sure you understand what all the costs total up to before you commit to anything. There are several different rates for : daily rates with some free distance, daily rates with the distance billed separately, daily rates and no limit on distance, or an extended period of free distance. These companies will charge variable amounts for different types of cars. Remember to book or put in your request well in advance, to get the best deals. Most of the will have deals on rentals, especially over the weekend.

You always have to remember local taxes depending on where you are visiting. On international car rentals, 10% to 30 % is typically added on top of the standard charge. When you drop your car off in another city, many car rental firms will ask a fee for the drop-off. Ask whether or not the drop-off rate is included in their regular rate. There are different policies on fuel among rental companies. Most will ask for money up front and you’ll be able to return the car with an empty tank. The cost of insurance is important thing to consider. You’re able to buy temporary insurance at the car rental company. Go for the extended cover so you will have piece of mind if the worst happens.

online helps you save lots of money on your rental expenses. But remember to make sure that you’re not overlooking some hidden costs. You’ll end up paying more if you aren’t careful.

Tips for Bank Exam Preparation

bank exam syllabus thoroughly and practice the questions papers from the internet, you can easily clear the bank exams. Knowledge of current affairs is also very essential to clear the exam and the interview session. However, once you are recruited in an esteemed bank, you can have a promising and secure future.

Bank recruitment is done based on bank exams and an interview session. Thousands of candidates apply for various posts like bank po or bank clerk in the bank. However, only a few meritious candidates are short-listed which are further filtered down during the interview session. The bank exams are very difficult to clear and require a thorough preparation of the exam syllabus. The question paper dedicates a major portion to the current affairs. Many students are not able to clear the bank exams even after hard preparation of the syllabus. The main reason is that they lack in general knowledge. one must start preparing months before the actual commencement of the exam in order to update himself/herself with the current affairs.

Banking sector is one of the fastest growing sectors in today’s times. It has extended across the country with a bank opened in almost every corner of the country. This has lead to a major demand for trained professionals to carry out various functions in the bank. This demand has attracted most of the youth. A bank job not only provides a good income but also ensures job security. Various banks have adopted different criteria for the recruitment of various posts in the bank. However, it is very essential to prepare thoroughly for the exam. Following are some tips to be kept in mind while preparing for a bank exam:

It is very important to have a strong vocabulary. There is a separate section in the question paper for vocabulary questions. Divide your time. According to the marking scheme, give more importance to the subjects that carry more weight age. Banks provide booklets, which consist of the syllabus and some practice questions. However, this is not enough. It is very important to study from the supplementary notes, which are available in bookstores or the internet. Current affairs should be considered a part of the exams syllabus. You must be updated with all the recent happening in the past. Reading newspapers can serve two purposes. They can increase your general knowledge and help you to extend your vocabulary.

Therefore, if you study the thoroughly and practice the questions papers from the internet, you can easily clear the bank exams. Knowledge of current affairs is also very essential to clear the exam and the interview session. However, once you are recruited in an esteemed bank, you can have a promising and secure future.

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Bank Recruitment by IBPS CWE

Banking sector is growing fast and flourishing with every passing year. It recruits many individuals every year for various posts. However, since it is a highly coveted career option, the recruitment process is very tough and the selection rate is very low. This makes it a stiff competition for the candidates appearing for the exams. However, it is a hectic procedure for the respective bank as well. It is very difficult to recruit the most capable candidate out of the thousands who appear for the exam every year. However, they cannot compromise on this, as banking sector requires a strong team of loyal and hardworking individuals who take care of the monetary matters of the citizens of our country. it is also a tough job to conduct exams every year for thousands of candidates. However, IBPS is a solution to this problem faced by most public sector banks. It is an autonomous body that recruits individuals for various posts in public sector banks of India. This year, for the first time it is conducting CWE (common written exams) to recruit candidates for the post of Bank PO. IBPS uses the latest technologies to recruit the most capable candidates. It is built up a strong faculty of professionals who are trained in various fields like, psychology, marketing sector, banking industry etc. It has various offices spread throughout the country, which conduct exams every year for various posts in public sector banks. The establishment of IBPS has been a blessing for many public sector banks who have successfully recruited many capable individuals based on the exams conducted by IBPS. Its efficient team of employees and latest technologically advanced machines allow quick printing of question papers and unbiased checking. It also conducts training programmes for its clients so they realize their potential and choose the post accordingly. Common written exams (CWE) is another effort by IBPS to recruit candidates easily for the 19 public sector banks connected with it. It will be like bank exams, but all the candidates would be given the same question paper. After clearing the exam, they will get a score card. If a vacancy arises in any of the 19 banks involved, the candidate can directly reach the interview level with the help of the score card.

Thus, IBPS has taken the responsibility of bank recruitment for various public sector banks. Its new endeavour to commence a href=””>CWE for the post of bank po has been appreciated by many. It will follow an unbiased procedure to recruit capable indviduals.

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Where To Get A List Of Boat Auctions Liquidating Bank Repo Boats

Many people sell their boats in the current times of recession to tide over their financial crisis. They decide whether to see their home, car or boat during belt tightening. Banks may auction boats which may have been collected by it as collateral in return for a loan. When the loan remains unpaid banks put up these boats for auction. The boat can also be put for auction by a bank in what is called boat auctions because it may have been abandoned.

You can get a list of boat auctions from banks and financiers who may hold auctions which can be your best bet. The bank will wish to get rid of the boat as early as possible to regain the amount lost and to avoid maintenance cost on the boat. So such boats can be purchased at a great discount and you can get a discount of even as much as 50%. Less frequently, you can also buy boats in police auctions. You can check the listings of boats online and know what is available. You have to think of transport cost if you live somewhere else as it is going to be a large purchase.

You must also check the boat properly before purchase to identify possible damages and oil spills and stains etc. You have to be extra alert because the boats are mostly sold in as is” condition in a boat auction. You must also check the condition of the engine because it can become very expensive to fix it once it gets repaired. You can check the places where repo boats are available if you wish to buy a boat but are not confident about arranging for initial finance! Many investors buy boats at 40%-70% discounts in auctions and resell them to people who have the affordability.

You can get fabulous discounts on bank repo boats and benefit from such deals. These boats were initially well maintained by people who cared for these boats. Wear and tear on such boats is also minimal because the use of boats is seasonal in most places. The repair work on such boats can also be minimal and may just require a coat o painting if any. Owners also maintain such boats very well for safety and insurance reasons.

Those who repossess boats such as finance companies and banks wish to dispose the same quickly because these are basically non-performing assets on their books. They are sure that they cannot get a very high price for the boats in these times of poor economic condition. Hence they wish to dispose the boats as quickly as possible.
You must take up research before buying a repo boat for personal use or from the viewpoint of investment. You can also find several auction sites that enlist boats for sale throughout USA and Canada.

Money Exchange Rates For Dummies

One of the major issues you have to deal with when traveling to a foreign country is currency, and the various money exchange rates. The currency in each country is remarkable different from your own, and this fluctuates on a daily basis. Even though Canadian currency is found in the United States, quite often many people will not accept it. This is because the value of a Canadian quarter is not the same as the value of an American quarter.

When you’re traveling to a foreign country, you have a few options. Generally, you’ll always be able to find a place in the airport to exchange your currency for that of the country you are entering. Keep in mind, money exchange rates constantly fluctuate. The amount of money you received for five hundred US dollars the year before, will not match what you are offered today. You can get a general idea by searching the web for money exchange rates. Many sites will also have a calculator to help you convert your base currency into another one. It’s a pretty nice tool to use, but again, remember, this will only give you the rate at that particular moment.

Quite often, when you exchange your money for another currency at a bank or airport, you will be charged a fee for the service. Many people skip this fee by using credit and debit cards when overseas. The only problem with this is that you may not find an automatic teller machine that will accept your card. Before you leave, talk with your bank about your trip, and they should be able to find out if you can find ATMs in your point of destination or not.

Another consideration when using another currency on vacation is the huge difference in value. Yen and Pounds are vastly different than the US dollar, and it may be very easy for you to become confused. Add the constant flux of money exchange rates, and you double your confusion. Pay attention to the value of the money you are receiving as it relates to your own currency, so you have a general idea of what things should cost, and when you are being ripped off.

Even making purchases online can be tricky. If you are ordering merchandise from another country, you will have to worry about money exchange rates. This is important if you are using an international money order. In this case, you must figure out the exchange rate before you buy, and hope it hasnt fluctuated too much before the payment arrives. Many people will not accept international money orders for this reason, and also because there may be a huge fee involved for them when they cash it in.

Understanding money exchange rates can be a little tricky at first, but with a little research and effort you can quickly get a handle on it.

Lucky Money in Red Envelopes for Chinese New Year

During Chinese New Year, young people who greet their elders a happy and abundant new year are handed lucky red envelopes by the elders. These envelopes are really good luck for a youngster because these have money inside. The lucky red envelopes are called “hong bao” in Mandarin, or “lai see” in Cantonese.

Symbolism of the Lucky Envelope

Giving money during Chinese New Year is considered lucky for both the giver and the receiver. Those who give will also invite the flow of money in during the entire year. Giving these envelopes also symbolize that the family luck is also passed on to the children and the unmarried teens/ adults.
Red as usual is the luckiest color, as it symbolizes life, so its appropriate that Chinese New Year items are colored red. Hong paos have assorted designs, such as that of happy children, Chinese characters for abundance and greetings, animals of the zodiac, etc. The Chinese word for red (“hong”) also sound like “plenty”. Thus it is believed that money wrapped in red will make money multiply.
The money inside the hong bao is called Ya Sui Qian. Ya mean suppress; Sui sounds somehow like evil spirit. Qian means money. Therefore, Ya Sui Qian means money that can suppress evil spirits. It is believed that this lucky money can also help kids be safe and healthy for the year.

Giving the Hong Bao/ Lai See

Money in even amounts, except for 4, is considered lucky. 4 is not a good amount to put into the lucky envelopes because the Chinese word for “four” sounds similar to the sound of “death”. A good way to gauge the amount to put into a hong bao is roughly the same amount as a candy bar. An adult can give 1 envelope, while married couples usually give 2 envelopes. It is said that in some parts of China, only mothers give away the hong bao.
The young people accept these lucky envelopes graciously with a sincere thank you (thats “xie xie” in Mandarin or “doi jeh” in Cantonese.) They often give thanks while kneel-bowing 3 times.
For good manners sake, the hong bao should not be opened in the presence of the giver. The receiver may only do so after leaving the giver.
The lucky money inside the hong bao is recommended to be kept and not spent immediately. Young people are encouraged to save their money. And besides, it is believed that this money brings luck and wellness so might as well keep it.