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Showing posts from September, 2023

Direct Internet Banking

It is a type of Musharaka where Bank and Customer jointly purchase the asset in defined ratios of ownership. Bank’s ownership in the asset is divided into a number of units and the customer periodically purchases these units from the bank over a specified period. Over time, the customer purchases all units owned by the bank and becomes the sole owner of the asset. Istisna is a specific type of sale transaction whereby a commodity is transacted before it is manufactured. Through Eurobank e-Banking you can also transfer cash and make international payments from accounts you hold at Alpha Bank, National Bank, Piraeus Bank and N26, using the open banking Payment Initiation service. You just need to activate the open banking Account Aggregation service first. At Bendigo Bank, we’re committed to the safety of your money and personal details. The online banking system will typically connect to or be part of the core banking system operated by a bank to provide customers access to banking ...