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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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Security Deposits: Your Landlord May Owe You More Than You Think

The New York Times: Banking

Landlords are required to put security deposits in interest-bearing bank accounts. How much of that interest goes to you?

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Fraud Against Financial Institutions Calls for Tighter Security Measures Protecting Customers in 2024

Global Banking & Finance

Fraud Against Financial Institutions Calls for Tighter Security Measures Protecting Customers in 2024 In January 2024, Citigroup was sued for its weak security measures against fraud.

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The tough task facing the Australian securities regulator

Bronte Capital

These features are sometimes for better, sometimes for worse, but they leave the securities regulator with a task considerably harder than any similar sized country. Bluntly - this is the biggest pool of disengaged money on the planet - with large amounts of financial assets held by people of middling to no financial sophistication.

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How banks can mitigate cloud security threats

Global Banking & Finance

Furqan Siddiqui, SOC Operations Officer at Obrela As custodians of sensitive financial data, banks and financial institutions face several cloud security threats that demand security controls and mitigation strategies.

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Checking Account – Meaning & How Does it Work?

Razorpay

What is a Checking Account? A checking account is a type of bank account that allows you to deposit and withdraw money, write checks or use a debit card to make purchases or pay bills. Generally, account holders use these accounts on a short-term basis for paying daily expenses like food bills.

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Quiz: Would You Close This Bartender’s Bank Account?

The New York Times: Banking

Here’s what bank security employees might be thinking when deciding whether to shut down a customer account after detecting unusual activity.