When individuals or companies want to transfer money within bank accounts either in the same bank or different banks, they need to write a formal letter to the bank authorities requesting for the transfer of funds in the provided accounts. This formal application for funds transfer is known as the request letter for funds transfer…

When an individual or a company wants to get a vehicle especially a car on lease from a bank, they are required to make a formal request to the bank or leasing company asking for the car lease. The letter that is written to the bank by the client to make this formal request is…

When a bank or credit card company issues a credit card to an individual, there is a certain credit limit on the card. For example, a client has the credit limit of $50,000 per month where another client has the credit limit of $100,000 per month. This depends on the Credit Card Company and income…

When a person or a company gets a car on lease from a bank or leasing company, there are dozens of elements to consider but the most important thing is the payment schedule. You should understand that if a person doesn’t pay the car lease payment on time, the bank or the leasing company has…

Most of the time when vendors or suppliers provide goods to a company or organization, they require cash on delivery which is a good thing to establish mutual trust and professional relationship. Once both parties start trusting each other, they conduct most of the business on credit which means the company would pay the vendors…

Usually it is not very common that a bank can make a mistake with even a single dollar but you should understand that banks are also run by humans and they are not computers or robots so they are allowed to make some mistakes rarely. In this scenario, when a bank wrongfully bounces checks of…