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08May 2023 by geekshelp

3 Must-Know Things Before Opening a Nonprofit Bank Account

Opening a nonprofit bank account is an essential step in managing the finances of a nonprofit organization. It allows organizations to separate their funds, maintain transparency, and ensure proper financial management, which is crucial for the long-term sustainability and success of any nonprofit. This article provides an overview of what you need to know before opening an account. 1. Legal Requirements For Opening A Nonprofit Bank Account Before opening a nonprofit bank account, it is essential to ensure that your organization meets all the necessary legal requirements. First, register your organization as a nonprofit entity and obtain tax-exempt status under section 501(c)(3) of the Internal Revenue Code. Keep in mind that each state has specific registration requirements for nonprofits, so it is important to familiarize yourself with your state's guidelines. …

17Apr 2023 by geekshelp

Types of Banking Services and Their Innovations

Banking

Banking services have come a long way since the days of standing in long queues at the bank for a simple transaction. Thanks to technological advancements, we are now able to access different types of banking services easily and efficiently. From mobile banking to online payments, these innovations have transformed the way we manage our finances. In this blog post, we will take a closer look at the various types of banking services available today and how they have been innovated to provide better customer experiences. So sit back, relax, and let's explore together! What is Banking Banking refers to the business of accepting deposits, lending money, and offering financial services to customers. Banks play a crucial role in our economy by providing individuals and businesses with access to funds…

12Apr 2023 by geekshelp

Bankroll Management Tips For Horse Racing Bettors

Banking

Horse racing is a sport that is heavily tied to betting. It is what makes the sport exciting for the viewers as they make an analyzed bet hoping that they could get a big return. However, if you are a horse racing bettor, you’d know that the sport is very unpredictable, and the best way to make sure you walk away with some profits in your pocket is to have a bankroll strategy. Placing random bets is not a sustainable strategy in the long run. Therefore, we decided to highlight some of the betting principles you need to use in order to increase your potential of getting some profits. So, let’s go through some of the best bankroll management tips that will ensure you don’t walk away empty-handed. Horse Racing…

03Apr 2023 by geekshelp

Innovative Applications of Image Recognition Technology in Mobile Banking

Banking

In the fast-paced world of mobile banking, image recognition technology is paving the way for a more seamless and secure user experience. With the ability to analyze visual data, mobile banking apps are now able to offer users a range of innovative features, from depositing checks to scanning receipts. In this blog, we'll explore five of the most innovative applications of image recognition technology in mobile banking apps, including voice recognition, ID verification, and receipt scanning. List of Innovative Applications of Image Recognition Technology Check Deposits One of the most common use cases of image recognition technology in mobile banking is for check deposits. Traditionally, depositing a check involved physically visiting a bank branch or an ATM, filling out a deposit slip, and waiting for the check to clear. With…

13Jan 2022 by geekshelp

3 Tips for Choosing the Right Bank

Banking

The days of stashing money under our mattresses are long gone. Today we keep our money in the bank. However, the bank is used for much more than just saving. Banks help you take out a mortgage, borrow money for unexpected expenses, spontaneous investments, and much more. In addition, banking services are used for equity savings, funds, and much more that makes capital grow. Your bank should fit your individual needs and align with your future goals. Although this decision isn’t the most high-stake one of your life, it’s still a powerful tool that will help you handle your finance with ease, and it could save you plenty of money. In this article, we take a closer look at different things that may be worth considering when choosing a bank.…