A non-bank financial intermediary is a financial services firm that does not accept deposits from the general public. It may offer a variety of financial services including leasing, factoring, pension funds, mutual funds and insurance plans. Some non-bank financial intermediaries are also venture capitalists.Continue Reading
Many non-bank financial intermediaries participate in securities exchanges and employ a long-term strategy to grow the funds that they manage. The activity of financial intermediaries is a good indicator of the overall health of the economy and the growth of the financial services sector.
Non-bank financial intermediaries complement banks in that they help invest savings. They also provide a wider variety of services in comparison to banks.Learn more about Credit & Lending
Ways to gather funds for a down payment on a home include borrowing from a retirement fund, receiving assistance from state-funded programs and laddering certificates of deposits, according to Bankrate. Requesting monetary gifts from family and friends is another option.Full Answer >
The benefits of an AccountNow Gold Visa prepaid card include no charge for purchase transactions; no activation fee; and no charge cash deposits, cash withdrawals or check writing, according to the official website. Eligible direct deposits also feature a $15 bonus.Full Answer >
Customers can make purchases with a Wal-Mart Money Card anywhere that debit MasterCard or Visa are accepted, both online and in stores, withdraw cash at ATMs, have direct deposits set up, pay bills online and on some cards send money to family or friends. These features are not all available on the basic card that customers can buy online for free.Full Answer >
Credit cards that require deposits are known as secured credit cards, and consumers with poor credit histories can use them to improve their credit ratings, reports Bankrate. The deposit becomes collateral for the credit line that banks or credit unions may otherwise be reluctant to offer. Once consumers demonstrate their financial reliability and improve their credit score with good payment habits, financial institutions are willing to qualify them for unsecured credit.Full Answer >