Genome now answers your questions in real-time

Despite the massive use of electronic and contactless payments, we all need cash from time to time. Using credit cards, mobile banking applications, and making money transfers online is simple, fast, and convenient. Nevertheless, cash is still a must in many cases, especially if you’re traveling to countries with no-so-developed financial systems or purchasing something from small local shops. That’s why today we’re talking about what cash withdrawal is and how it works.  What is a cash withdrawal? To put it simply, a cash withdrawal is obtaining physical cash (banknotes) from a bank account. The funds from a currency bank

After Covid-19 outbreaks and the following lockdowns, most businesses had to shift to and focus more on e-commerce. Undoubtedly, it was not the only reason for moving most of the sales online. During the past decade, the tendency for purchasing and buying all goods and services online has been only increasing. As most stores (except for the grocery ones) were closed all over the world during lockdowns, it only resulted in a push for all the companies to concentrate on online orders and sales, accordingly.  Every business that operates online needs an efficient payment system. The question is: how do

We’ve all been in situations where we need to share expenses: with friends, family members, partners, etc. Doesn’t matter if it’s paying bills with your flatmates or saving up with the loved ones for holidays or some large purchases like a car or real estate. Here joint bank accounts come in handy. Let’s take a closer look at how they work and what are the risks of opening and managing such an account. How joint bank accounts work These are special accounts in the name of 2 and more users. They work like regular current accounts, but, as we’ve just

The SEPA network has been in place for more than 10 years now. And, what’s more, it has been working perfectly well. Due to globalization and the Internet, the world does not seem so huge now. The same goes for transactions: everybody needs to know what the best payment options are there.  That’s why today we’re talking about SEPA transfers in our blog post. We will cover everything connected to this topic step by step: types of SEPA payments, charges, timeframes, and lots more. No worries, you won’t get lost. We’ve prepared detailed but concise material for your convenience.  What