When used synonymously with automatic payment plans, automatic bank drafts are a convenient and paperless means of paying bills whereby funds are debited from one account and credited to another.

The African Development Bank Group has elected Mauritanian economist Sidi Ould Tah as its ninth president. Tah election win ...

Five experts are set to compete for the presidency of the AfDB, promising a tough ...

Nigerian TikToker Eniola Adeoluwa sparked conversation after his thoughts on learning that many Ghanaians do not know their ...

Zambia will restructure its debt with regional lenders including the African Export-Import Bank and remain in default on ...

BRAC Bank PLC has recently signed a memorandum of understanding (MoU) with the Consulate of Zambia in Bangladesh, establishing a strategic banking partnership. Under the MoU, the diplomatic office ...

HDFC Bank has launched “Biz+ Current Accounts” to meet the evolving needs of Indian businesses. Each Biz+ Current Account comes with core benefits, including cash handling services ...

They also provide accounting and settlement services, manage dividends or interest that has been distributed to the account, and manage stock splits. The custodian bank performs such actions in ...

Located in Southern Africa, Malawi is landlocked, sharing its borders with Mozambique, Zambia, and Tanzania ... bringing the total number of people living in poverty to 15.8 million. The World Bank ...

Hackers have become increasingly sophisticated in targeting bank accounts, sometimes stealing money without the account holder realizing ... asks to transfer your number to a new SIM card.

Lloyds Bank is increasing the monthly fee on its Club Lloyds package bank account next month. Club Lloyds is a current account where you pay a monthly fee in exchange for additional perks.

Investopedia / Joules Garcia A joint account is a bank or brokerage account shared between two or more individuals. These shared accounts are most often used by family members or business partners.