Genome corporate cards
Money and you
How much cash can you deposit: a complete guide
Cash deposit limits are set on bank accounts to allow financial institutions to monitor any large or unusual transactions. It can help them to spot possible suspicious activity such as money laundering or tax evasion attempts. Find out how this type of deposit limit works and how the amounts vary. You’ll also see the importance of managing your large deposits effectively to avoid any of the potential issues we’ll be looking at. Understanding bank cash deposit limits The cash deposit limits placed on bank accounts are set by each bank based on the country’s financial regulations and guidelines. For instance,
Money and you
How much cash can I withdraw from an ATM: a complete guide
Daily limits are important when you need to withdraw cash from an ATM. These limits let you know what cash withdrawals you can make using a credit or debit card each day. The type of card and whether you’re at home or abroad are key factors in what size of cash withdrawal limits will be in force. Find out how to obtain cash from an ATM without any problems. Understanding daily ATM withdrawal limits for cash withdrawals A daily cash limit shows you how much you can take from ATM cash machines using a debit card or credit card. Banks
Money and you
Best debit card for travel: what you need to know
Not all debit cards are created equal when it comes to their owner traveling abroad and foreign transaction fees. And, sadly, the cards don’t always cover all countries, so you should be aware of what to expect when traveling to another country. In this article, our team will take a closer look at what can be deemed as the best debit card for travel, including fees, global acceptance, and security. Why your choice of debit card matters on the road When you’re traveling, the last thing you want is to be left without any cash in the middle of nowhere
Business services
Finding the best online business bank account
Having the right business bank account is a crucial step for any company to take. This will let you carry out your business banking processes and keep control of your funds. Read on to find out how to compare and identify the best online business bank account options. Key features of an online business bank account You need a useful business account that is going to let you send and receive transfers effortlessly, as well as keep track of your financial transactions with the help of the following key features. Accessibility and convenience 24/7 access means online business bank accounts
Business services
How to choose the best business bank account for startups
Choosing the right business bank account is vital for a start-up to manage its finances efficiently. At this important stage in the company’s development, the right business accounts can help start-ups in several ways, which we’ll look at here. Genome is an innovative electronic money institution that offers a selection of comprehensive business account solutions. We have useful options for anyone looking for a solid startup business account to start accounts, get cards, and make bank transfers locally or worldwide. We’ll be looking at the points to consider when looking for the best startup account for a growing business based
Business services
Using a virtual card for Google Ads: a complete guide
Google Ads is crucial for any business to promote its goods, services, and special offers to its target audience. And to manage Google Ads, Facebook, TikTok ads, or any other online account for your business, you definitely need a quick and reliable payment method. A virtual credit card/debit card can be uniquely useful and have several advantages for such operations compared to a regular credit card. Find out how virtual credit cards/debit cards work and how to use them for Google Ads in the article below! What is a virtual card, and how does it work? Virtual cards are the
Security
Prevent wire transfer fraud: Genome’s tips for businesses
Learn about the best practices in wire transfer fraud prevention from Genome’s Džeineta Dalia Pumputytė – Head of KYC, Deputy Head of AML, and Compliance. For additional information, check our one-pager on the matter. Do you want to know how to keep your information and funds safe from the most common types of fraud? Check Genome’s security page, where we list our advice. What is wire transfer fraud? It is a type of fraud that involves the misuse of any electronic money transfer services by malicious actors for their personal gain. To commit wire transfer fraud, scammers first use a variety
Security
Prevent card-not-present fraud: tips for individuals and businesses
Genome’s team is back with yet another article that dives into different types of fraudulent financial situations that people and businesses can face. And this time, card-not-present fraud is on the agenda. Want to know how to avoid scams associated with card-not-present transactions? We gathered some tips below. What is a card-not-present transaction? Before we get to the fraud part, let us first explain what card-not-present transactions are in general. Card-not-present transactions (also known as CNP transactions) are the type of payments a person makes with their debit or credit card. Such payments happen remotely, meaning that the card and
Business services
Virtual card vs. physical card: a comprehensive guide for businesses
Most people with bank accounts will undoubtedly want a card as well. After all, debit and credit cards allow for quick payments in most parts of the world and online. However, when selecting a card, you may wonder which option is better – physical or virtual. Genome is here to help you clear things up. In this article, we describe the difference between virtual and physical debit cards and explain various types of cards in general. What is a virtual card? It is all in the name, really! A virtual card is a payment card that banks and financial institutions