Banking Services

1. Is ING Direct available in the Philippines? Are there other banking services or institutions similar to this?

Most banks don't care where you live. Call them and ask them

2. Is the mortgage industry/financials services/banking embracing the open source community?

different mortgage solutions exists, I have outlined some below (I would also suggest you read : http://umgarticles.atspace.com/mortgage.htm Pension Plan Using a pension plan to accumulate the balance of your mortgage is a tax free saving scheme. The balance of your house will be saved over a period of time until you can pay your final balance. If you do intend to use a pension fund to save for the balance of your house, consideration should be taken into account to open another pension fund for retirement purposes too. ISA Plan With an ISA plan you invest in stocks and shares via an Individual Savings Account (ISA) - which is a tax-free method of saving. This method of saving may not be suitable for most borrowers. Before considering this option you should consult with an independent financial adviser. Endowment An endowment is still the most common type of interest only mortgage which also provides life assurance cover and a fixed payment for investment. The endowment policy along with the interest only mortgage should in effect end at the same time, leaving you with the ownership of your home and nothing to pay. Endowments have undergone much criticism; this is due to investors being promised high returns from their investments. However lately this has not been the case, borrowers have found their investments have been as good as expected and a shortfall in the end amount of invested cash will not match the amount owed on the current property. Taking into account the recent problems that have arisen regarding endowment policies it is worth remembering that returns on endowment policies have been pretty good, however you do need to see the term out in full. Also endowments do provide life assurance as part of the actual policy, so in the unfortunate event of a death the mortgage balance is paid in full. Advantages of an interest only mortgage • Your investments and savings could accumulate more than the required amount to cover the final payment; this could leave you more cash for your own personal use. • Some plans have good tax benefits and help reach the required amount it a quicker and cheaper rate. Disadvantages of an interest only mortgage • In the unfortunate event of your investments not acquiring the designated amount of cash to cover the loan repayment, the investor could face a shortfall which they will then need to pay. If you are worried about a shortfall on your investment, you should keep in touch with your investor and request regular updates on the situation of your endowment. If the worst comes to the worst, you can increase payments to compensate for the loss of investment. • Cashing in your endowment, ISA or pension could have adverse effects on the amount of money you have saved over the past however many years. If you do decide to cash in any existing policies you may be subjected to a penalty, this could be a cash amount specified by the investment company/lender. Please seek professional advice if you are worried about the end results of your finances, don’t be too hasty as most policies accumulate more of the cash in the final year for a complete informational package I suggest you visit one of the many mortgage informational sites the best free one in my opinion is : also read http://umgarticles.atspace.com/mortgage.htm

3. What are some good banking services for a School bank?

idk ive never heard of it ..oh from your other question i listened to the song it was really good also a school bank is a good idea too good luck with that in your school :]

4. Why does it take online banking services 3 days to clear payments when the transactions are all electronic?

5. Which UK bank is the market leader in offering online banking services?

You will probably get a better answer by clicking on the Great Britain flag at the bottom of this page (where your question is displayed). Or start here: http://uk.yahoo.com/

6. Where can I find reviews of different US banking services?

bankrate.com compares rates, it is a start at least

7. how many banks provide online banking services in bangladesh?

I know Standard Chartered Eastern Bank Limited provide online services. You can check your balance and view transactions online.

8. what are the various types of banking services?

It's a long list: Depositary functions: checking accounts, savings accounts, certificates of deposit. Lending functions: real estate loans, secured loans (for cars and the like), unsecured loans, credit and debit cards. Investment functions: securities brokerage, trust accounts. There are probably others.

9. What online banking services are offered with your bank? What costs are associated with these services?

I currently have my checking accounts with the Abbott Laboratories Credit Union, which offers free online bill pay and that's just about it. But, Bank of America and Chase probably offer the latest services to keep up with the technology advances. A feature that becoming quite popular is wireless banking through a cell phone, or at least account alerts sent to your email or phone. Also, transferring money to other bank accounts is becoming much easier.

10. Can you claim banking services charges on your canadian income tax return?

You can claim safety deposit box charges on a personal return. You can only claim regular bank charges if you are self-employed and then it would be against your business' tax return.

11. In Egypt what banking services would you prefer sharia or something like HSBC standard interest?

i really agree with Wise heart...even when our ''mofty'' allowed using normal banks even though it's clear in the qur'an and hadeeth that riba is haram...i prefer shari'a....but what i know that there's no actual islamic banks in Egypt... which don't have a fixed interest,and it only invests in halal projects,and it takes care of ur zakat... well,i must say that,anyone who follows the opinion of our mofty,''la gonah 'alyh'' the mofty will carry those sins....but ''al halal bayenn wal haram bayenn'' the halal and the haram are clear and Allah gave us minds to use it.....

12. How can i move to banking or financial services sector?

You can work as HR consultant of banks and financial companies !! You have not indicated your location please !!

13. what are some ways to improve banking services for the future?

You should probably be a little more specific. I cannot answer your question without details.

14. How can we pen a new account online on this online banking services?

You will need to contact the bank during normal business hours to set it up. Or go into the bank.

15. should the banking services be made available to the poorest?

Remember that banker is a fair weather friend. When sun shines he holds out umbrella and withdraws it when it rains. Bankers have lost their social objective and are out to prove that their objective is profit. They do not risk their money by lending to the poorest. Moreover poverty does not guarantee prompt repayment and the political elements are there in India to mislead the poor not to repay their loans.

16. can an cheque be deposited using core banking services in State bank of India?

Yeah, chq. can be deposited using 11 digit SBI A/c No.

17. what advice would you offer to beginning consumers of banking services?

This is going to seem odd but use the ones that come free with your checking and savings accounts and stay debt free. Having done both worlds: debt and debt-free, I can tell you debt-free is much better. It is very rewarding to walk in a pay cash for a car, take a nice vacation with cash, etc, etc. The only exception is a house and if you're a real go getter you can even do that debt free.

18. What company provides the best HSA (Health Savings Account) banking services.?

The one good thing about Chase's product: it's one of the oldest out there in a field of new, burgeoning HSA players, and they've probably worked out a lot of the kinks. I would recommend seriously looking at Chase or US Bank. Key Bank now offers HSAs as well. An HSA can be good if you're not very sick. Don't forget to invest your money if you're not going to use it for healthcare purposes - you can move it around.

19. Banking services that are exclusively Internet based / online, does that exist?

Paypal is internet based

20. Can I have some important contacts (i.e. Health Care, Banking services, Transportation, Hotels Accomodation)

http://www.adelaide.southaustralia.com/home.asp