Genome’s month in review: July 2023

Genome’s month in review: July 2023

With July ending, it is once again time to look back at all the recent updates Genome has had. And there’s no better way to do so than checking out our month in review! Find out about articles we have published in July below.

We made the transfer limit calculation more convenient

The Genome team has improved the way the transfer limits are calculated. All the transfer limit calculations are now linked to the calendar dates. This way, tracking your limits and plan payments will be much easier. 

Here’s how the limit calculation works starting from July 31st, 2023:

  • The monthly limit will be counted starting from 1st day of the calendar month and ending on it its last day;
  • The yearly limit will be counted starting from 1st day of the calendar year and ending on the last day of the year;
  • The daily limit will be counted starting from 00:00:00 UTC until 23:59:59 UTC every day. 

You can find more information in this blog.  

Uncovering the difference between retail and corporate banking

When it comes to financial services and institutions, the terminology is vast, and you are very likely to come across an utterly foreign feature. The same can be said about different types of banks that have emerged throughout the decades. 

For instance, do you know the difference between retail and corporate banks? Here’s a hint: one is used for personal needs, while the other services companies. You can learn much more about these two banking options in Genome’s article.  

Do you utilize the full potential of ATMs?

Automated teller machines (ATMs) have many names, like automated banking machines, cash dispensers, cashpoint machines, automated dispensers, etc.

Moreover, did you know that ATMs also have much more services than just money withdrawal? Our team published a blog post describing all the other features an ATM can have and explaining how it works. Definitely, a good time to learn how ATMs can be used for multiple purposes!

Giving tips to restaurant owners on business account opening

Starting and growing your company is not an easy fit, as you have to take care of many things, including the financial side of your business. And, just as with other companies, restaurants also require a business bank account. But how can you ensure you have selected the most beneficial banking option?

Genome’s team explained some of the most crucial factors and services you need to consider when looking for the best business bank account for your restaurant. Check this article if this topic is of interest! 

Expanding your knowledge of digital banking

Digital banking services have been around for some time now. However, many people still aren’t exactly sure how digital banking differs from traditional banks or what types of digital banking institutions exist. 

But no worries, Genome is here to help! In our new article on the topic, our team elaborated on what digital banking is, the main digital banking services, and how you can start an account online! Don’t hesitate to check it out. 

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