Michele
Fri Oct 04 2024
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5 answers
1661
What banks are using ISO 20022?
I'm curious to know which banks are currently utilizing the ISO 20022 standard for their financial messaging. This international standard has been gaining traction in the industry for its enhanced security, efficiency, and flexibility. Are there any major banks in particular that have embraced ISO 20022, or is it a more widespread adoption? It would be interesting to understand the motivation behind their decision to switch to this standard, and how it's impacting their operations. Additionally, are there any challenges or obstacles that banks have faced in implementing ISO 20022, and how have they overcome them?
BonsaiVitality
Fri Oct 04 2024
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5 answers
1258
Do all banks or credit unions exchange foreign currency?
I'm curious, when it comes to foreign currency exchange, do all banks and credit unions offer this service? Is it a standard offering across the board, or does it vary by institution? If some don't offer it, what are the typical reasons behind that? And for those that do, are there any specific fees or requirements to be aware of?
Skywalker
Fri Oct 04 2024
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5 answers
993
Do banks sell cryptocurrency?
Excuse me, but I'm curious about something. I've been hearing a lot about cryptocurrency lately, and I'm wondering if banks are actually involved in selling it. I mean, do banks sell cryptocurrency to their customers? I know they deal with traditional currencies, but I'm not sure if they've ventured into the world of digital assets. It would be great if you could clarify this for me. Thanks in advance!
EthereumLegendGuard
Fri Oct 04 2024
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5 answers
671
Do banks close accounts for inactivity?
Are banks known to terminate accounts due to lack of activity? I'm curious if it's a common practice and if there are any specific guidelines they follow before taking such an action. Does the duration of inactivity vary from bank to bank, or is there a standard timeframe? Furthermore, are there any consequences or penalties associated with having an account closed for inactivity? I'd like to better understand the process and potential implications of this scenario.
BlockProducer
Fri Oct 04 2024
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5 answers
995
Do banks allow cryptocurrency?
Can you tell me if banks typically allow the use of cryptocurrency? I'm interested in understanding if they accept it as a form of payment or store of value, and if there are any restrictions or regulations in place that impact its usage. I'm also curious about how banks might view the risks associated with cryptocurrency and whether they have any policies in place to mitigate those risks.
