As technology continues to transform the banking industry, ensuring the security of transactions is becoming increasingly vital. One of the methods used to enhance the security of banking transactions is the One-Time Password (OTP). An OTP is a temporary code that is generated for a single use, typically valid for a limited time, and serves … Continue reading “What is OTP in Banking?”

Mobile banking has revolutionized the way we manage our finances, allowing us to perform various banking transactions anytime, anywhere, using our mobile phones. Unstructured Supplementary Service Data (USSD) banking is a mobile banking service that has gained popularity in recent years due to its accessibility, cost-effectiveness, and convenience. USSD banking is a communication protocol used … Continue reading “What is USSD Banking? [All You Need to Know]”

Access Bank domiciliary account is an account that is denominated in a foreign currency and can be used to receive and make payments in foreign currency. It is an important account for individuals and businesses who engage in international transactions or who earn income in foreign currencies. In this article, we will explore how to … Continue reading “How Can I Fund My Access Bank Domiciliary Account?”

In today’s globalized world, it’s becoming increasingly common to transfer money across borders. Whether you’re sending money to a family member overseas or paying for goods and services, international transactions have become a part of our everyday lives. However, with so many banks operating in different countries and using different currencies, it can be challenging … Continue reading “What is a SWIFT Code in Banking?”

Credit, or a loan, refers to the ability to borrow money, or obtain goods and services before payment, based on the trust that payment will be made in the future (Oxford English Dictionary). As Africans, we sometimes think of credit as a purely western idea, however, it is interesting to note that as early as … Continue reading “Credit – Everything You Need to Know”

No one prays for emergencies but they are part of the package called life. You might tick out all the dates on the calendar or have a mental picture of how every minute of your day should weave into a bouquet of bliss. But the universe might have something else planned. Don’t fret. Like said … Continue reading “Emergency Funds: Why you need one”

Let’s paint you a picture– You’ve run out of some groceries and need to make a quick stop at the grocery store to stock up. Before stepping into the store, you know exactly what you want to buy–say three to four items, nothing much. But upon entering the store, every item on the shelf beckons … Continue reading “5 Simple Ways to Save Money at the Grocery Store”

Let’s face it, monthly paychecks are just never enough and that’s why it’s always a good idea to have an extra source of income. Let’s not bore ourselves with the long talk of how you should not put your eggs in one basket. The point is, everyone loves making money and so, we’ll just dive … Continue reading “Fun Ways to Get in Extra Cash”

Whether you’re just entering the workforce or been there for a while, the fact still remains that retirement isn’t too far for you to worry about. Everyone wants to have a retirement that is filled with bliss with no worries whatsoever. But, making the wrong financial move could impact greatly on your retirement and we … Continue reading “Mistakes to Avoid as You Begin Saving for Retirement”

Investing, investing, investing– It’s surprising how this word carries so much prestige. You know how a friend will mention that they just began investing and in your head, you’re thinking they’ve hit a jackpot or something. Well, while some people have the prenotion that investment is only for those who’ve made it in life, the … Continue reading “The Ultimate Rookies’ Guide for Investing”