A business bank account is a must for any company that offers products, merchandise, and services to customers. However, there’s no one-size-fits-all solution. Meaning that the needs of companies may vary drastically when it comes to financial services. While e-commerce websites won’t need much in terms of banking solutions, restaurant owners will face quite a different experience. That’s why today, Genome’s team decided to explain the intricacies of getting a restaurant bank account. In this article, restaurant owners can learn what their business needs to run the financial side of it.  Types of bank accounts for restaurant owners  Generally, as

The concept of banking is extremely broad nowadays, encompassing multiple types of financial institutions and various services for individuals, companies, and merchants. And digital banking has become a big part of it, as the industry has been undergoing significant transformation.  Thus, diving into the digital banking topic is important, and that’s what Genome’s team is doing today! Find out more about digital banking services and how to start using them in this article. We also explain the difference between online, mobile, and digital banking.   Digital banking: meaning of the term The name of the term “digital banking” says it all.

ATMs are so common these days that most people likely take them for granted. However, if, by some unexplained mystery, all ATMs disappear from the planet tomorrow – you will definitely notice. Because, at the end of the day, they are an integral part of essential banking tools and people’s day-to-day errands.    Have you ever wondered how exactly ATMs work and which services they provide? Well, Genome is here to answer your questions! Learn more about them in this article.   ATM: meaning of the term The automated teller machine is a banking technology in the form of a specialized computer

Nowadays, banking is a broad concept encompassing multiple types of services. Just take a look at the article where we described different types of financial institutions – definitely, the market is very diverse. By the way, in that particular article, the Genome team mentioned retail and commercial (corporate) banks, and we decided to elaborate on the topic a bit more. Thus, today, we will explain the difference between retail and corporate banking and also describe some of the services that retail and corporate banks provide.  What is a retail bank? If you are looking for an account for your personal

Welcome back! We hope your Summer is going smoothly. Meanwhile, it is time for another monthly update! If you want to find out which new articles our team prepared for you in June – this article is for you! Checking out the checking accounts Checking accounts are the gateway to primary banking operations for many clients. But, many may wonder – what are the differences between personal and business accounts? Well, our team covered the main similarities and distinctions between the two in this article. We also explained why companies need to use business checking accounts instead of personal ones. 

Let’s be clear: merchants have to deal with a lot. Not only the customers’ demands are high, but the management of financial operations can be exhausting as well. Not to mention all the service fees merchants need to take care of. Speaking of, do you know enough about cross-border fees? If not, you will – thanks to Genome’s article. Today our team explains what a cross-border fee is, their types, and how companies should deal with cross-border processing fees.  Cross-border fee: meaning of the term A cross-border fee is a common thing that occurs during cross-border transactions. For instance, when

The sheer number of businesses and services they provide forces customers to be more picky and critical. As a result, companies are under constant pressure – they need to ensure every part of their business operations is on par with high expectations. Payment methods are no exception. In today’s article, Genome lists some of the best payment methods for small businesses, along with contactless payment options. Read on to find out more about small business payment options.  What are different payment methods for businesses? Before answering this question, let’s first dissect what the term itself means. A payment method refers

The type of account you select can really make or break your banking experience. That is why knowing what you get into when applying for an account is a must.  For instance, are you sure the business checking account you are considering getting is on par with your company’s requirements? Maybe this Genome article will help you figure it out! Join us as our team explains the difference between business checking vs. personal checking accounts.  Business checking account: a definition If you have ever searched for a business account, you probably came across entire lists of different account types. For

There’s no secret that companies come in all shapes and sizes. And most of them require banking services. Naturally, financial institutions have different requirements for various types of businesses. Today, we are taking a closer look at how this process works out for limited liability companies. Find out how to start a bank account for an LLC and what you should be looking for when selecting an LLC bank account in this Genome article, and feel free to share with others!  What are a business account and an LLC bank account? First and foremost, a business account is a type

Hello again! It’s Summer already, but we can’t celebrate quite yet, as we first need to discuss Genome’s updates that occurred in May. Find out about the hot topics we covered in our blog down below! Educating people on scams  Times change, and unfortunately, fraudulent schemes change and evolve with them. Nowadays, there are dozens of ways people and companies can be scammed. It results in their data and funds being stolen or used for malicious purposes. That’s why Genome’s team believes it is crucial to highlight and talk about different fraudulent cases so that clients can recognize and prevent