The article was updated on 01.10.2024 Whether you’re managing personal finances or running a business, the right type of bank account is essential. Both individuals and businesses have unique needs, and the financial industry offers a variety of accounts to meet these demands. In this article, we’ll break down the different types of bank accounts, helping you find the best fit for your financial goals or everyday banking.   What are the main types of bank accounts? Yes, you do need a bank account in a modern, technologically advanced world. Not only if you own a company but also for your

Our team recently released an extensive article that covers the main examples of financial institutions. In it, when talking about internet banks, we also mentioned the phenomena of electronic banking and internet banking. And it is an interesting topic in itself. So, Genome’s team decided to elaborate on the topic a bit more. Find out what are the different types of online banking in this article. Electronic banking: types of e-banking With a name like this, what you see is what you get. Electronic banking, also known as e-banking, is a method of provision of different financial services to customers

The passing year was full of events, and Genome is no exception. We had a lot of work to do. And as a result, we delivered many new features!  Today, we wanted to review the whole of 2022 and tell you about some of the most important updates and news regarding Genome – in no particular order.  The year of contactless payments What can we say? For Genome, contactless payments have become a factor of a monumental shift in 2022. As you know, we operate entirely online and want our services to reach as many clients as possible. And contactless

Some people commonly consider financial institutions to be synonyms for banks. But financial institution is a much broader term. It includes many types of international financial organizations which provide different kinds of services.  Want to learn more about banking institutions across the board? Genome’s team is here to explain the most common types of financial companies. Let’s proceed! Financial institutions: definition The “financial institution” meaning is quite simple. These financial entities provide services to individuals, businesses, and/or merchants. For example, financial companies are involved in various operations, such as transfers, monetary transactions, currency exchange, loans, investments, etc. Such institutions are

Most banks and financial providers now have apps or web pages using which clients can access banking services via the internet. Still, secure payments and features must remain a priority not only for said providers but for clients as well.  That’s right – you also need to play your part in ensuring a safe online banking experience. How can you do that? Genome will explain everything! Find out how secure online banking is and what is the safest way to shop online in this article! Is online banking safe? Let’s get our definitions straight first. Online banking is a type

Working as a freelancer is an experience like no other. For one, you are not bound to one company and workspace and free to choose the task that suits you better. But, on the other hand, you still need to pay a lot of attention to your income flows and ensure it’s secure at all times. To keep your finances in check, you may consider opening a bank account for freelancers. And here’s where Genome’s team comes to help! In this article, we will list what things you need to take into account when choosing the best business bank account

Article was last updated on May 8th, 2024 Money transfers are one of the first features you look for when choosing a financial provider. So, it was crucial for our team at Genome to design and offer you the most essential and convenient options for sending funds.  Let’s go over our money-transferring services and answer your questions about our features. Where to find Genome’s transfers? You can access all Genome’s transfer options from the main dashboard. If you use the web version, the Transfers section will be in the left-side menu. And for the app users, the Transfers section is

If you are starting a company, chances are the thought of opening a business account must have crossed your mind at least once. But what if your business is a small one, and you aren’t exactly sure what you need? Well, Genome has all the answers! In this article, we will explain what a small business bank account is and what attributes the best bank for small businesses must possess.  What are business accounts for small businesses? When it comes to financial services for small businesses, a business account is the first thing you will need. On the surface, it

Security is the backbone of all financial institutions, including internet banking, and they have to constantly update their safety features to keep up with existing threats of today. But people should also remember that security is a two-way street, so they also need to be proactive in making sure their funds are safe. Genome is here to explain how to keep your bank account safe online and how safe digital banking is.  Digital banking and banking apps: what are all of these? Before answering the “How safe is online banking” question, let’s first understand what it is.  First and foremost,

The Autumn is over, but the updates from Genome’s team can’t be stopped! That’s right, we come right back at you with a blog on what’s new at Genome. Please read on to find out! New transfer limits for Genome’s accounts If you didn’t know, we at Genome have different levels of account limits for transfers you make and receive. It means you cannot send or receive more money than your limit dictates within a certain period. You can read all about how our account transfer limits work in this article.  Recently, our team has increased the sum of funds