Questions tagged [banking term]

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GeishaMelody GeishaMelody Thu Nov 14 2024 | 7 answers 1459

What is COB banking?

I'm trying to understand the concept of COB banking. Could someone please explain what it stands for and how it works in the banking industry?

What is COB banking?
Isabella Isabella Fri Sep 06 2024 | 5 answers 1242

What is a dishonour fee?

Could you please elaborate on the concept of a dishonour fee? Is it a penalty charged in specific financial transactions or agreements? Could you provide some examples of scenarios where a dishonour fee might be applicable? Also, how is the amount of this fee typically determined? Does it vary based on the type of transaction or the terms of the agreement?

What is a dishonour fee?

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