What’s the first thing you do after booking tickets and housing in a foreign country? That’s right, you think about your payment options and day-to-day banking. It’s no secret that having a foreign account would simplify a lot, no matter whether you’re traveling for business or pleasure and whether it’s a short trip or long-term stay. It’s not all about low fees or beneficial currency exchange rates. In fact, having and using a foreign account abroad also has a lot to do with comfort. If you’re in a foreign country, you do not need any hassle or complications with the speed

Bank wire transfers are the first known way to send money electronically and dates back to the 19th century. You may ask: how could people send anything electronically at that time? The answer is simple: telegraph wires. These were the first means of electronic communication, and the telegraph served as a smooth and straightforward system for exchanging information over long distances.  In today’s blog post we are talking all about wire transfers and how they look in the 21st century. Read on to find out how to make a bank wire transfer, fees, timeframes, and different ways to wire money.  What

With an overwhelming number of new financial providers appearing every year, it’s hard to keep track of all the banking rules. Fintech companies, just like traditional high-street banks, bring to the table new products, features, and ideas to attract potential clients every month. For example, with some financial providers, you can order a virtual card, while others do not offer such an option. Some present expensive services and premium packages, while others provide many features for free. No wonder that people who are not deeply involved in the financial sphere can be worried about the safety of their money and

So many topics have been covered on our blog: from transfers and cards to merchants and direct debits. We’ve talked about a lot of things, but how about going back to basics? And the basics, in this case, is Genome itself and all its features.  Today, we have decided to dedicate a whole article to the topic of account opening on our platform, so you understand the process and know how easy it is! So, if you are wondering how to open an account online for your individual, business, or merchant* needs, Genome has got you covered!   Open an

Prepaid cards first appeared approximately 50 years ago in the form of gift cards. They received wider recognition in the 1990-s as a convenient tool to receive and use money without opening a current bank account. During the past decade, prepaid cards became available to a large audience due to the development of modern financial technologies. You don’t need to apply for a checking account or pass credit checks to receive a credit card. On the contrary, everything is much simpler than that – you can order a prepaid bank card in a few clicks via the Internet.  So, what’s

Among the multiple types of bank accounts, a business one is mentioned commonly. No wonder – many companies can benefit from having the account and using its tools to grow their revenue. But the question stands: in which cases do you need a business bank account? In today’s article, Genome will explore this topic. We will advise you on how to choose the best business account. What is a business bank account? Business accounts are used by individuals and companies to carry out solely business operations. Such as storing funds, transferring money, paying salaries, etc.   Moreover, a company is required

We’re all well familiar with debit cards and how they work. With this physical or virtual extension of a bank current account, one can pay via the Internet, by using a special app on the smartphone, and, last but not least, in any physical store with the help of a POS terminal. You can also send and receive funds using a debit bank card, and this payment method has been gaining popularity during the past decade in all countries. In today’s Genome article, we will reveal all about how to use a debit card for moving money online, as well as briefly

With the steady development of modern banking over the past decade, many complicated financial terms migrated into our daily jargon. Moreover, now financial operations are simple and fast: just with a few clicks on your smartphone, you can make a call, take a photo, or send money. While such words and phrases as transfer, debit card, and electronic money are understandable, there remain some financial terms that are more difficult to comprehend. That’s why Genome‘s team decided to talk about what does a remit payment mean in our article. Also known as remittance, this financial operation is widely used globally.

With a gradual shift to online banking, all financial operations are now done via the Internet. No matter whether you’re paying for the purchase with the bank card or digital wallet, or wiring funds to another country, all this happens online.  To order a transfer (both domestic and international ones) you can use any available device. Just a few clicks in your banking application – and you’re all done. However, it often happens that even with mobile banking there can be some issues. One of them is banking transfer limits: transfers can be canceled or simply won’t go through because

In the world of rapid digitalization, the term “online banking” comes up a lot. And no wonder, as it is a relatively new, convenient way of managing your finances. But what is online banking exactly? How does online banking work, and most importantly, how can you use it to your utmost benefit? Today, Genome’s team will be answering all these questions and more, so you can decide, whether it is for you or not.  How online banking works Let’s first start with a definition of online banking. Online banking is a process when a customer or a company performs all