Questions tagged [banks]

Lorenzo Sat Sep 21 2024 | 6 answers 1388

Good day, I'm curious to know which banks have opted not to take part in the FedNow instant payment service? This system promises to revolutionize the way transactions are processed, so it's intriguing to understand which financial institutions have chosen to remain on the sidelines. Could you shed some light on the reasons behind their decision and perhaps provide a list of the banks that aren't participating in FedNow? Thank you in advance for your insights.

SapphireRider Fri Sep 20 2024 | 5 answers 862

I'm curious to know, which banks have implemented policies that prevent their customers from making cryptocurrency purchases? Are there specific regions or countries where this is a common practice? And what are the reasons behind these restrictions? It's important for individuals and businesses alike to understand the banking landscape when it comes to crypto transactions, as it can impact their financial planning and decision-making.

Stefano Thu Sep 19 2024 | 7 answers 1966

Excuse me, I was wondering if I could get some clarification on something. I've been noticing that $1 bills seem to be less common these days, and I've been thinking about switching to $1 coins for convenience. However, I'm not sure if banks typically offer $1 coins to their customers. Could you please tell me if banks do give out $1 coins, and if so, what the process might be for obtaining them? Thank you in advance for your help.

Emanuele Thu Sep 19 2024 | 0 answers 0

I'm curious, do banks still accept pennies as a form of payment or deposit? With the rise of digital currencies and the decline in physical cash usage, I've noticed that some retailers and businesses have stopped accepting pennies due to their low value and handling costs. So, I'm wondering if the same trend is being observed in the banking sector as well. Are banks still willing to take pennies from customers, or have they also started to phase them out in favor of more efficient and cost-effective payment methods?

GinsengBoost Thu Sep 19 2024 | 6 answers 1275

Could you please elaborate on the potential use of cryptocurrencies by banks? Are there any specific cryptocurrencies that banks are considering adopting or integrating into their systems? What are the advantages and challenges that banks may face in implementing the use of cryptocurrencies? How do you think this trend may impact the future of banking and finance?