personal accounts
Money and you
Best digital banking options for digital nomads in 2025
The need to find the best bank for digital nomads has become more important than ever before. Increased work flexibility and global reach have changed our lives, and traditional banks don’t always offer us what we need to handle multiple currencies and avoid hefty foreign transaction fees. With up to 80 million digital nomads currently working from laptops or smartphones across the planet, the idea of opening and using a bank account has changed for many people. These online workers now need to be able to handle their money in different countries and currencies without high currency exchange fees. Digital
Money and you
Transaction pending? What it means when money is taken but not yet processed
What happens when a transaction is pending but money is deducted from your bank account or credit card? This situation can occur with electronic transfers and card payments, but why does it happen? A bank pending transaction isn’t usually a problem and may be a sign of one of the different issues we’ll be looking at here. Common causes of pending transactions It is typically the amount of a purchase you’ve made, often with a debit or credit card. You’ll see that it’s listed as pending, but it’s not on your list of posted transactions that have been completed. That’s
Money and you
Does FoMO control your spending habits? How to manage it
Ah, the social pressures of today. People have to navigate through a lot of complicated and exhausting situations both at work and in personal matters. And, at the end of the day, when it’s time to kick off your boots, many choose to surf the internet just to encounter another trap. The fear of missing out (FoMO) for short. Let us make the situation a bit easier for you. In this article, we at Genome want to dive deeper into explaining what FoMO is and how to navigate your finances through some of the social pressures associated with it. What
Money and you
What is digital banking: types and services it offers
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.
Money and you
What is an ATM? Understanding automated teller machines
The article was updated on 28.11.2024 ATMs are so common among banking services nowadays 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. They are an integral part of essential banking tools and people’s day-to-day errands. But what is an ATM exactly? Have you ever wondered how ATMs work and which services they provide? Well, Genome is here to answer your questions! Learn more about them in this article. What is an automated teller machine (ATM)? The automated teller machine (ATM) is a
Business services
Difference between corporate and retail banking: how do they differ?
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 vs. corporate banking and also describe some of the basic banking services that retail and corporate banks provide. What is a retail bank? If you are looking for an account for
Business services
Business checking account vs. personal checking account: the difference
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
Money and you
The 6 features of online banking that define a great experience
So many banks and financial institutions choose the online route for their services. And for a good reason! After all, it is a more straightforward way of delivering their product to clients, allowing them to manage their finances from a computer or mobile device. But what are the most crucial features of internet banking/digital banking for your financial needs? Today, we will help you figure it out! Find out which features can really make your financial operations and money management trouble-free. Must-have bank features and services for online banking clients The complete accessibility of features of digital banking It seems
Money and you
Bank statement: why do you need this financial instrument?
Banking encapsulates many services: money transfers, debit cards, merchant accounts, etc. At least, this is what most people first think about. But there’s more to banking, as clients sometimes overlook small but still essential features. For instance, bank statements. In today’s article, Genome explains what a bank statement is, how to get a bank statement, and how people can effectively use it to improve their banking experience. Bank statement: what does it refer to? A bank statement is a document that lists all the transactions and details about them that occurred inside a bank account during a certain period. Usually,