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 it comes to sending money or transferring funds, big companies and organizations usually use online transactions for funds from one account to another but for small companies and mostly individuals, issuing checks to clients and parties is a more convenient option and better way to make the payment. When a person issues a check,…

If you want to cancel one or more credit cards that you use, you need to file a formal request with the bank or the credit card company asking them to cancel the credit card account that you provide in the request. This is a formal and official way to cancel a credit card these…

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…

When a customer accidentally losses or damages his ATM card and can’t use it anymore, he is required to inform the bank management about the broken or lost ATM card and asked them to block the previous card and issue a new one so that he can again make payments and withdraw cash from ATM…