Move Currency Charter For Free

When comparing a chartered vs. commercial bank, the main difference is the charter. A chartered bank is required to have either a state or national charter; a commercial bank may be chartered, but it isn't required to be in order to operate.

This means that the firm has met certain standards and agrees to uphold a strict code of ethics. This is important for businesses because it instills confidence that the chartered accountant they've hired is competent and trustworthy.

Chartered bank specifics vary from country to country. However, in general, a chartered bank in operation has obtained a form of government permission to do business in the financial services industry. A chartered bank is often associated with a commercial bank.

Your eligible deposits held by a UK establishment of Charter Savings Bank are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit protection scheme. Any deposits you hold above the limit are unlikely to be covered.

Charters are issued by state chartering authorities (usually state bank regulators) or at the federal level by the Office of the Comptroller of the Currency (OCC). 1 Credit unions are also chartered at the state level by state regulators or by the National Credit Union Administration (NCUA) at the federal level.

You can make a transfer by logging in to your account. You'll need your user ID, password and memorable details. Once you've logged in to your account, you'll be able to choose the account you want to transfer your money from and to, and also confirm the amount you wish to transfer.

Ease of sending money to overseas accounts Make international payments when you want - 24 hours a day, 7 days a week between your Standard Chartered accounts as well as other bank accounts.