Banking services
How Does a Credit Card Work?
04 December , 2018 | Banking services , Credit Cards ,A credit card can be described as a short-term finance from the bank issuing the credit card or credit card issuer. Unlike your usual bank debit card, which takes money directly from your current account, a credit card uses the Bank’s own money and then send you a monthly bill or statement at a later… More »
Risks of dealing with unlicensed financial institutions
12 September , 2018 | Banking services , Finance , Financial education ,The Saudi Arabian Monetary Authority (SAMA) has taken many measures to protect citizens and residents from the risks of dealing with and investing in unlicensed financial institutions in the Kingdom. These institutions seek to infiltrate the local market by masquerading as legitimate financial institutions under various names, such as financing entities, financial intermediaries and brokers… More »
Do You Know the Difference between Various Bank Card Types?
12 September , 2018 | Banking services , Credit Cards ,There is a relative similarity between various bank cards in terms of look, purpose, and the form of information available on the card, such as the 16-digit card number, expiry date, Card Verification Value (CVV) at the back, payment network logos, etc. However, each of these cards has certain characteristics that affect the client’s financial… More »