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The services offered by a private banker include customized wealth management plan that may include investment strategies, asset allocation, and other financial solutions. The process typically begins with an in-depth consultation to understand the client’s financial goals, risk appetite, and specific needs.
This categorisation enables smooth transaction processing, accurate reporting, and effective riskmanagement. Different merchant categories have varying levels of risk and processing costs, resulting in different interchange rates. Interchange Fees: MCCs determine the interchange fees merchants pay for each transaction.
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