Daily Archive: 07/23/2021

Opportunities and Advantages of Online Banking

Cashless payment with payment cards via the network is becoming more and more popular, and Internet banking opens up more and more possibilities for its users. Representatives of banks do not hide the fact that customer interest in this service is quite high. According to specialists’ assessments, the number of internet-banking users will grow as internet banking allows saving them money by enabling them to communicate with the bank from home or workplace. With the help of the remote banking system, one can carry out banking operations 24 hours a day, seven days a week, via the Internet in a protected mode. For example, the most popular credit card for students is the Jet Blue Mastercard. With this card alone, students have a huge number of opportunities and advantages. Moreover, you can look more here, namely how to activate the card, how to purchase it, and so on. That is, only with this card students can make purchases and pay bills online without problems.

Cost of Internet Banking

Connecting the service is usually free. At some banks, issuing a new set of session keys for access to the system costs a nominal fee. Most banks do not charge for Internet banking or charge only a small fee.

If we talk about a commission, for most payments, it is either much lower than at the bank or there is simply no commission. Fees are usually charged only for external payments to other banks, as well as for some types of services where the commission is provided by the provider. For example, in Moscow, you can pay for utilities online without a commission.

Online Banking Features

1) The possibilities of online banking are varied. As a rule, you can use it to view information about the balances and movement of funds in Student Bank Accounts and bank cards, to obtain information about loans, statements of accounts and cards, to make transfers between own accounts and payments to other banks, and convert funds at a preferential exchange rate.

2) However, these are far from being the main features of the service, which arouses great interest among students. The opportunity to pay “utility bills” without queues and commissions attracts them much more. Using the Internet one can repay credits, replenish electronic wallets, pay for cellular and landline communications, utilities, Internet, digital television, goods from Internet stores, traffic police fines, education, etc.

3) There are other unique possibilities. For example, you can quickly transfer funds to a customer’s brokerage accounts to participate in trading at various exchanges. Other banks allow you to open a deposit online.

The number of services depends on the bank. In some banks the number of payment recipients (merchants) is small, in others, there are many more. There are banks where the number of merchants is in the hundreds, there are banks where the number runs into the thousands.

Securing Online Banking

Internet has never been known for privacy. It has long been a well-established opinion that if data gets on the Internet, it is easy to steal. This is why many students are deterred by this fact, despite all the advantages of online banking. However, banks take the issue of confidentiality seriously and do everything to guarantee the client the security of using this service. Large sums are being invested in technologies that allow the development of Internet banking. Particular attention is paid to security systems and the protection of client data.

As a rule, an Internet banking system includes several layers of security. Each payment is confirmed with a single-use session key, a secret code is entered via a virtual keyboard, and the client receives an SMS on his cell phone about the transaction, one session may not last more than 15 minutes, and daily payment limits are set for the volume of payments. In addition, if necessary, the service can be blocked by calling customer support.

I advise you to follow simple and universal security rules – work on computers you trust, carefully store information, do not share personal data with outsiders, do not allow you to lose passwords and access codes to the system.

Benefits:

·      Communicating with the Bank without leaving your office;
·      Making payments regardless of location;
·      Transmission of account management orders via electronic communication channels;
·      Control and authorization of transactions made by your accountant from anywhere in the world;
·      Dealing with all your bank accounts, regardless of currency and type of transaction;
·      Real time saving on money order delivery: no standing in queues and traffic jams;
·      Elimination of transportation costs, expenses for paper and toner;
·      Efficient use of your staff’s time.

Why Is It More Profitable Than Servicing In A Bank Office?

A reliable and convenient way to serve your business remotely has a number of obvious advantages over traditional banking:

·      Convenience and simplicity – the ability to manage your accounts from anywhere in the world and perform banking transactions without leaving the office;

·      Informed – prompt information on the status of all accounts of the company in the Bank and accounts of its subsidiaries, as well as other financial information;

·      Efficiency – possibility to make prompt decisions based on the received information and perform calculations in real-time;

·      Cost-effectiveness – saving human and time resources, reducing material costs associated with applying to the bank;

·      Independence – depending on bank working hours or traffic situation;

·      Security – usage of cryptographic protection of transferred information and multilevel system of electronic digital signatures (hereinafter referred to as EDS) depending on the amount of authority and payment amount.

·      Speed – fast performance of bank operations

·      Accessibility – possibility to manage your bank accounts by yourself

·      Time saving – no need to go to the bank and stand in a queue to make necessary banking operations or receive banking services; 24/7 operational mode

·      No connection or service fees: registration in the system is absolutely free of charge, there is no subscription fee.

Main Capabilities

The Internet banking system for individuals provides the following capabilities:

·      to control own bank accounts (card, deposit, and loan) and receive statements on them for any period of time

·      to make transfer operations:

·      card-to-card (between cards issued by BTA Bank)

·      from card to your deposit/current account opened in the Bank

·      transfers from your deposit to your card


Thus, the use of Internet banking provides the possibility of rapid access of customers to financial information provided by the bank through online access; the formation and transmission through the Internet to the bank of electronic documents of various types; the provision of access to the central system through an interface for mobile clients; security of remote access and data protection. The global computer communication network Internet is a universal environment, through which it is possible to accelerate the interaction of economic subjects, providing them with the required security, mobility, and comfort.

The answer is obvious – to successfully pass the entrance exams. But what to do if you are a few points short of the cherished goal? You can study for a fee, try your luck at another university or delay the attempt to enter graduate school for a year or two. Or you can make sure in advance and reserve some extra points for admission. How to do it – tell us in our today’s article.

What Is Graduate School and Why Go There?

Graduate school is a form of postgraduate education aimed at training research and teaching staff for higher education institutions and research institutes. During your studies, you will learn how to do research on your own and prepare a PhD thesis. It’s up to you whether or not you defend your dissertation. If a graduate student fails to defend his or her dissertation, he or she receives a certificate of completion of graduate school and passing the examinations of the candidate’s minimum (if he or she manages to pass the examinations).

What Does Postgraduate Study Entail?

Firstly, it is participation in research and development activities, which are often funded by government organizations and various scientific and charitable foundations. Secondly, it is a line on the resume, which will help move up the career ladder and get a raise. Third, an important benefit for full-time students is a deferment from military service.

Documents For Admission To Graduate School

-Passport or identity card proving nationality.
-Copy of diploma of higher vocational education or diploma of master’s degree;
-Сurriculum vitae;
-Recommendation from the workplace (minutes of the Academic Council meeting or the recommendation of the SAC, if the applicant has just graduated from the university);
-Certificates of individual achievements, taking into account in admission to this university.
-Мedical certificate;
-Аn abstract on the intended topic of research.

It is worth noting the following point. According to the new rules of admission to graduate school, organizations can accept documents and conduct entrance examinations before the applicant receives a diploma of higher education in his hands. The original diploma will need to be submitted before admission to graduate school. This means that you do not have to worry in case of a delay in the delivery of diplomas at the end of high school. As for the consideration of individual achievements in the admission to graduate school, more and more universities require them to submit them in the form of a portfolio, which includes many documents.

Why Is “Free” In Quotes?

Because universities charge fees from their students, for example for the use of the library and gym, etc. Fees can range from 42 to 350 euros per semester. Also, if you got into one of these “free” universities and did not look for additional funding, then to get a visa you will need to open a bank account in the country where you want to go to study and have there enough money, by the standards of the government, for accommodation and food for the entire period of study. If the subject of European education interests you, you can choose the university on a special website.

The duration of training in a Master’s degree is 2 years, with the exception of Britain – usually 1 year. The money you can withdraw monthly is no more than a certain amount. Let’s say in Germany, the living wage per month is about 600 euros (the figure is approximate), you have to go to the bank account 600 * 24 months. And you can withdraw 600 euros a month – no more. If you do not accumulate the amount – you will not be given a visa. There is an option without the account – to look for a scholarship, even if it will not fully cover the cost of living, you will not have to bother with opening an account in another country, to look for a guarantor, etc.

Money

How do I find a scholarship to study abroad? There are several common avenues: host government scholarship, university scholarship, NGO grants, native government scholarships, etc.

Host government. For example, there are many grants, which is allocated by the European Union for citizens of third countries. The most famous is Erasmus Mundus. This program covers the full cost of a master’s degree and accommodation. Disadvantages – you cannot choose the universities in which you want to study. I.e. you come to the program, the description of which is usually 4 or 6 partner universities, there are 12 and 15 pieces. So, you can be sent to any two of them.

You can, of course, specify a preference, but you do not choose, but the program coordinators. There are good programs with interesting universities, which is very real to come to, there is an unrealistically difficult program (four scholarships, the Russians have never been granted before), there are universities in the ass of the world, can give one very good school somewhere in London, the second year will be in Lithuanian or Polish provincial town to go and learn Polish summer in the countryside. If you decide to go to study, go to the websites of the government of the country, almost all countries in Europe offer grants or scholarships for foreign students. Most of them are published in English. For example, the Chevening grant for studying in the UK covers tuition + board and lodging + flight.

Grants

Non-governmental organizations, private foundations, etc. patrons can pay for study abroad. You have to look for them manually and by yourself. Requirements range from age and nationality to sexual preference. They can give grants (in the US) to atheists, agnostics, skeptics, gamers, single girls, women over 50, twins, people who can call ducks, Star Trek fans, etc. They like to give grants to women and girls who want to do natural, exact sciences, programming.

Thus, graduate school is suitable for those who gravitate to teaching or plan to further engage in theoretical and practical research. It is impossible for a student to become a graduate student if he or she has not completed a master’s degree. So, you should think about whether you want to go straight to work or whether you plan to finish your master’s degree while you are still in the middle of your bachelor’s degree. What’s more, you may very well be able to attend graduate school for free!