What is the future for banking?

So does this mean cheques are truly on their way out? Of course, it isn’t—but the changes in banking habits will affect cheque usage. Some changes that will bring about some good, however, include improvements in the process of clearing cheques.

Before, it can take several days to clear a cheque from one’s checking account. After all, the process includes physical confirmation of cheque details, as well as the archaic procedure of sending out confirmations and details. New tools allow faster cheque verification, while faster means of communication make bank to bank dealings quicker.

Account connectivity

And then there’s the trend when it comes to bank connectivity. Suddenly, bank account holders need to connect their current account to their saving account. This isn’t an innovation, to be sure, but it’s as if it has never existed until now.

This is feature important? The answer isn’t clear cut: it depends on how you are using your saving account and current account. But the important thing here is that the option is now more widely available. It is no longer an option available only to VIP banking account holders; today, it’s as if everyone can benefit immensely from the hook-up.

What should change in banking?

So there are some innovations and changes that can help one determine the future of banking. But what things would bank account holders want to see in the future?

For one, banks could use improvements in determining and stopping online fraud and identity thieves. Identity thief should be considered as a major concern; it costs the entire world more than billions of US dollars every year. What can banks do to stop thieves from accessing people’s current and saving accounts, credit cards, and credit line?

In Europe, for instance, credit cards have improved data storage systems that would require card holders to input a pin before the transaction is approved. Improving credit cards to accept this kind of innovation can cost banks a lot of money—but just imagine many credit cards can be saved from scams if America and Singapore—and other countries as well—follow their example?

Better laws and rules that would benefit the consumer would be beneficial as well. Credit card holders are protected by the law, but only because you don’t for the purchase automatically. Debit cards, however, don’t work that way. Many customers would also want banks to focus more on current clients. Business is tight so many banks actually favor new clients by giving them more perks. What happened to loyalty?

Basically, the point is here his: bank account holders want better service. With so many choices available, it is basically criminal to stay with your bank if it offers substandard services and bonuses.

Who knows what will happen to banking after this? No one, needless to say, although all of these do indicate the banks are indeed willing to follow the trend when the trend is reasonable and provides a deeper layer of service and protecting the bank account holders.

Types of Properties in Singapore

What types of properties can you rent or purchase in Singapore? Well, there are many.

Majority of the houses are called public housing. They are the ones that are planned and regulated by the Housing and Development Board (HDB). They are also the residences of over 75 percent of the population. They are normally form small communities, with schools, transport, health care facility, and other basic services.

If you want to save on your flat, it’s best to start looking for them first, as their cost will rarely go beyond a thousand dollars. Moreover, you have several types of flats to choose, from one-bedroom to five bedroom. You may even find a mansionette, with rooms composed of two levels.

Those who are living in the busier districts are in apartments and condominiums. At first glance, you cannot tell the difference as they’re often described as skyscrapers. However, they are different in the sense you get a lot of services and facilities from condominiums. Only a few, though, can afford them as they are worth around 10,000 dollars. Apartments normally don’t have shared amenities, though they can offer 24-hour security.

There are also landed properties, but they don’t come very often. Knowing how small Singapore is, the government is apprehensive of building individual houses in a very limited land.

Nevertheless, if you truly value your privacy and you’re most likely staying in the country for good, these homes are going to be very good investments.

A lot of these landed properties are bungalows or detached homes, semi-detached houses, and terrace houses.

You may also find some of the homes that are very old. They are the ones that are usually aspired—and coveted—by the expats because of their very unique architectural design, story, and location.

You have the colonial houses, which are easy to spot since they almost have the same look and structure. They are painted white and are made of black wood. Some of the terrace houses have been built during Singapore’s pre-war. They bear Chinese influence. Before you settle for a property, compare the price, location, and features. This way you’re getting som