IBAN Accounts (International Bank Accounts)

What are IBAN accounts?

IBAN or International Bank Account Number is basically having a global bank account. It is created internationally to identify the bank accounts across national borders and overseas countries. This is an important account because whenever you make an international payment, it is compulsory to have the IBAN. It contains both a bank account number and an identification code for the bank itself. As a matter of fact IBAN is a unique code that easily identifies a beneficiary’s bank account for the purpose, round the globe. It is not a new account number, only an ungraded version of digital system of your current account.

The IBAN consists of an alphabetical country code, which is followed by two digits, and then up to 35 characters of the bank account number. An IBAN is used to uniquely and properly identify or recognize a customer’s bank account across the world. Today, more than 54 countries are using IBAN accounts and mostly the counties of the European Union, UAE, Kuwait, Saudi Arabia, Germany and more are the participants.

Significant Features of using IBAN accounts

• An IBAN is a Straight Through Processing or STP of Electronic Payments system. This system minimizes delays and extra costs related to account numbers.
• The implementation of IBAN will bring more efficiency in the process of remittance related transactions. It serves to cut risk of transcription errors.
• The IBAN accounts facilitate with quicker processing of your funds transfer.
• Normally, banks are required the accuracy IBAN at the time of a fund transfer and they check only the IBAN is correct or not to make the funds transfer. This establishes the operation of funds transfer from one place of the world to another easier as well as more immediate. It is used for sending and receiving both local and international funds transfers.
• You don’t have to pay any additional charge while using IBAN, only you have to pay normal transaction processing fees.
• Now, it is easier for the IBAN customers to perform their funds transfer because of online banking facility. It reduces the monetary value and enhances the operational efficiency.

The Purpose of using International Bank Account Number or IBAN accounts
International Bank Account Number is essential for the purpose of receiving as well as sending an electronic payment from the bank. You can receive and send an electronic payment internationally or overseas and also locally, when you have a correct and accurate IBAN. If you want to send an electronic payment through IBAN to another country, it is possible only when that country has adopted IBAN facility. This means both the parties must have the International Bank Account Number or IBAN accounts to have successful fund transfer transactions.

The consequence of using improper IBAN
Due to any error or misunderstanding, you have given incorrect and forget to give the IBAN information, a certain amount of charge is applied by the receiving bank and your IMT may be rejected. The amount of charge will be deducted from your payment or else charge back. Thus, always check your IBAN properly before making fund transfer transaction.

If you wish to have an IBAN account, then go for it because it is easy to create and also a great help for fund transfer across the world smoothly.

Delivering a Grand Presentation

For business people, the thought of presenting in a public situation can be a frightening and often unavoidable proposition. If you are tasked with making a presentation to others, here are a few simple tips and considerations to help you deliver a grand presentation.

1. Show your confidence in yourself!

The first few minutes of your presentation, the audience will give you the benefit of any doubt so capture them! Audiences generally want to like a presenter, and they will give you a few minutes at the beginning to engage them, but if you miss this opportunity, you may not be given another. Give them the tip of the iceberg. In other words tell them enough about what you are going to talk about to create intrigue and curiosity. Your confidence in your presentation material combined with enthusiastically capturing the audience will showcase your passion for your presentation.

2. Speaking of passionate

Be passionate about your topic and let that enthusiasm show through. If you do, you won’t have to worry as much about voice projection, intonation, gesturing, or posture. Your message will not only be evident in your material but in your body language. Your content, professionalism, and visuals are leveraged by your enthusiasm and passion for your material.

3. To use or not to use the podium

Many presenters head straight to the podium after being introduced and never leave the podium until they’re done. Unless you’ve been invited to give a lecture on binomial nomenclature or the archeological significance of trilobites, move around. Try to move closer to your audience by standing in front of or away from the podium. A podium is a barrier. During my undergraduate studies, all I ever remember of my American history professor was from her nose up. The podium covered up the rest of her body. The goal of your presentation is to connect with the audience. Touch the audience with both your physical proximity and the passionate content of your message.

4. Keep it concise

People have short attention spans and most are multitasking out of necessity these days. Audience attention is greatest at the beginning of your presentation and will wane as time passes. So, evaluate the organization of your presentation so that you can keep coming back to your central theme you used in the beginning when you gave away the tip of the iceberg. This will keep your audience centered and more attentive. Stories are great anecdotal tools in a presentation however keep them short and lively, make sure they support the central theme of your presentation, and enhance the message.

5. Practice

Practice your presentation often. You will find yourself modifying your presentation iteratively until you have it just where you want it to be. Video yourself practicing from several angles and see if you would enjoy your own presentation. We tend to be our own worst critics. Ask a trusted friend to critique your presentation. Most of us can easily talk about ourselves because the subject matter is well known to us. Through practice, practice, and more practice, you will come to know your subject matter so well that it will be as easy to cover as talking about yourself.

Considering all the work that goes into making a grand presentation, the delivery of the presentation takes the least amount of time but represents the showcase of your efforts, talents, energies, and passion about the material you cover. So deliver with confidence, passion, enthusiasm, and respect for brevity and you might be surprised to find yourself invited back to present again.

Best Debt Negotiation Companies

Choosing the best debt negotiation Companies

The best debt negotiation companies offer service via local offices or telephone, however; the most effective way that these companies operate is usually by the Internet. Many negotiation and credit counseling services are nonprofit, but take CAUTION: Just because the organization is non-profit does not mean that its services are free or even affordable!

The best debt negotiation company should have standards. These standard include:

1. Demonstrate reputable services- the company is able to advise you on managing your money and debts, the company can help you to implement a budget based on your PERSONAL financial needs and obligations, these companies should also offer free workshops and information. (NOTE: This is a red flag in the reputability of the company! They should be interested in helping you to negotiate your debts and counsel… NOT just make a dollar!)

2. They should give you free information about itself and its services.

There is nothing wrong with asking for information on services, and the company should be willing and able to assist you with information on these services. If the company does not want to release information, this is often a red flag! As well, this information should be free! Hey, you are in debt! Why in the world would you PAY for free information?!

AUTHORS NOTE: Avoid companies that push a DMP, or a Debt Management Plan, before they spend a significant amount of time evaluating your financial situation.

Do your homework!

Finding out information from the debt negotiation company or credit counseling organization is essential in choosing the best debt negotiation company. Find out if the company offers other services. A company that offers a range of services is best. Especially those that offer budget counseling and classes.

Also, let me emphasize the importance of those debt negotiation sources, that offer free information and educational material. This is a good way to tell what kind of company you are working with.

Another sign of a quality company is if the company offers you ways to avoid becoming in debt in the future. You do not want the company to just solve your immediate problem, but you want to stay clear of any possibilities that you may acquire this situation again in the future.

In your search for the best debt negotiation company, make sure that you ask questions. As many questions as you’d like! Ask the company up front, what their fees are. You need to know, and if you can get those fees in writing even better!

Is the company licensed to work in your state?

This is an important question to ask. You want to make sure that the company you are dealing with is even licensed to work in your state. Because there are at times issues with scams within the debt counseling services industry, some states do not allow certain companies to operate in their state. Make sure you ask this very important question. A good company, once they receive your application, will tell you up front.

Other tips and advice for finding the best debt negotiation company.

1. Formal agreements- DO NOT SIGN ANYTHING without reading it first! Make sure that you look over all of the details of your contract.

2. Qualifications of the Counselor- Find out what the qualifications of that counselor are. Were they trained under an accredited or certified organization?

3. How employees are paid- Looking at the way the employees are paid is HUGE! Are they paid on commissions? Note: Just because a counselor is paid on commission does not necessarily mean that it is not a reputable organization. This is just a flag that you want to be aware of when signing up for services.

HOW DO I SIGN UP FOR DEBT NEGOTIATION SERVICES?

REMEMBER do your homework! Using articles, or a lens, blog, and other sources of information (Sources such as this one) will help you to find debt negotiation and credit counseling services.

The best thing to do is go online and APPLY!

Applying at various sites for debt negotiation services is the FREE and quite simple. This is the FIRST STEP in finding out about the various companies!

Apply at multiple sites, then do a compare and contrast of the services and offers.

Make sure that when the counselors calls, that you use the information provided above to find out about the company!