Investing is one of the most important aspects of personal finance and wealth management. In simple terms, investment refers to the act of allocating resources, such as money or time, with the expectation of earning a return or profit in the future. Investment is crucial because it allows individuals and organizations to generate income and … Continue reading “What Is Investment? [All You Need to Know & Investment Options to Explore]”

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]”

A Savings account is a financial product offered by banks and other financial institutions that allow individuals to save their money and earn interest on their savings. Unlike checking accounts that are designed for daily transactions, savings accounts are meant for long-term saving goals, such as building an emergency fund, saving for a down payment … Continue reading “How Much Can a Savings Account Hold? [Here’s All You Need To Know]”

In today’s financial landscape, a savings account and a current account are two of the most common types of bank accounts available. While they may appear similar on the surface, there are key differences between the two that are important to understand in order to make informed financial decisions. In this article, we will explore … Continue reading “What Is the Difference Between Savings and Current Account?”

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 recent years, the concept of agency banking has gained popularity as a way of extending financial services to individuals in developing countries. It has become an increasingly popular financial service that has been extended to a larger portion of the population of unbanked and underbanked individuals in emerging markets. This innovative banking model involves … Continue reading “What is Agency Banking?”

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?”

Coronation Insurance is a leading insurance company in Nigeria.  With our years of experience as one of the first and major players in the field, we are specially adapted to serve our customers more effectively and thoughtfully. With our bancassurance partnership with Access Bank, we aim to further drive our vision of “a continent transformed.” … Continue reading “What You Need to know about Coronation Premium Financing.”

Insurance is a way to protect yourself, your business, and/or possessions from the risk of unforeseen events such as loss, theft, accidents, or damage. When a policyholder is unable to pay their premium, it impacts their insurance coverage negatively. In this blog post, we will discuss the consequences of defaulting on your insurance premium. What … Continue reading “What Happens When You Default On Your Insurance Premium?”