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How to Keep Your Bank from Canceling All Your Accounts

The New York Times: Banking

Banks have suddenly shut down the accounts of scores of customers. Here’s how you can avoid becoming one of them.

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Banks Should Have Better Customer Relations When Closing an Account

The New York Times: Banking

When banks close checking and credit-card accounts because of “suspicious activity,” chaos and anxiety ensue. It doesn’t have to be this way.

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Banks Offer Bonuses for Customers Opening New Accounts

The New York Times: Banking

Facing competition for business, banks are offering incentives to switch. But as one expert put it, “You have to read the fine print.”

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Why banks are suddenly closing down customer accounts

The New York Times: Banking

Surprised individuals and small-business owners can’t pay rent or make payroll, and no one ever explains what they did wrong.

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Synapse Bankruptcy: When a Fintech Isn’t a Bank and Savings Accounts Are Frozen

The New York Times: Banking

For unsuspecting depositors of online financial start-ups, the unraveling of a little-known intermediary has separated them from their life savings.

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Zero Balance Current Account: A Quick Explainer

Razorpay

Powerful current accounts always come with a caveat; a minimum balance requirement. Whether it is a few ten thousand or a few lakhs, most accounts are not zero balance current accounts. Would a zero balance current account really be so beneficial to businesses?

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A Russian Bank Account May Offer Clues to a North Korean Arms Deal

The New York Times: Banking

Moscow may be trying to help Pyongyang with access to the international financial system in exchange for missiles and ammunition, U.S.-allied allied intelligence officials suggest.