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spencer

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Finance Questions, Loans, Insurance & Investment Advice Latest Questions

spencer
spencerEnlightened Mentor
Asked: May 23, 2024In: Money & Business

How To Request a Debit Card from a Bank?

As an account owner in a bank, how can I get a debit card, what are steps involved in getting a debit card in banks, are there any charges involved in getting a debit card?

As an account owner in a bank, how can I get a debit card, what are steps involved in getting a debit card in banks, are there any charges involved in getting a debit card?

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  1. Slaky12
    Slaky12 Knowledge Seeker Cryptocurrency Engineering
    Added an answer on May 24, 2024 at 5:37 am

    It very simple request a debit card from a bank, you can typically do so through this ways You need to login to your mobile Banking app Open your bank's mobile banking app on your smartphone or tablet. Log in using your credentials. Find the option to manage your account or cards. This could be locaRead more

    It very simple request a debit card from a bank, you can typically do so through this ways

    You need to login to your mobile Banking app

    Open your bank’s mobile banking app on your smartphone or tablet.
    Log in using your credentials.
    Find the option to manage your account or cards. This could be located in a menu or on the main screen.
    Look for the option to request a new debit card and follow the prompts to submit your request.
    Vhoose, ensure that your contact information, such as your mailing address, is up to date to receive the new card. Additionally, some banks may charge a fee for replacing a lost or damaged card, so be aware of any associated costs.

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spencer
spencerEnlightened Mentor
Asked: May 23, 2024In: Money & Business

How To Avoid Incessant Bank Charges?

As an account owner in a bank, how can you avoid incessant bank charges on your account, some bank charges for common transaction too, what’s the best way to avoid this?

As an account owner in a bank, how can you avoid incessant bank charges on your account, some bank charges for common transaction too, what’s the best way to avoid this?

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  1. Augusta
    Augusta Enlightened Mentor
    Added an answer on April 25, 2026 at 5:11 am

    There are ways to avoid bank fees one is  using automated teller machines operated by your bank and avoiding overdrafts. Another is Contacting the company or its customer service center and tell them you want future recurring charges canceled. You can also visit in person It is to keep at least theRead more

    There are ways to avoid bank fees one is  using automated teller machines operated by your bank and avoiding overdrafts. Another is Contacting the company or its customer service center and tell them you want future recurring charges canceled. You can also visit in person 

    It is to keep at least the minimum balance required in your account. This helps to avoid monthly fees and accidental overdrafts. Keep multiple accounts at your bank. Many banks are looking at the entire customer relationship and may offer free services if you maintain both checking and savings accounts with them.

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spencer
spencerEnlightened Mentor
Asked: May 23, 2024In: Money & Business

Do Fixed Deposits Offers Good Returns?

Does fixed deposits in banks offers a good return over the long period of time? What are the factors to consider when making a fixed deposit to a bank in other to get maximized returns?

Does fixed deposits in banks offers a good return over the long period of time? What are the factors to consider when making a fixed deposit to a bank in other to get maximized returns?

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  1. Light
    Light Trusted Adviser
    Added an answer on August 3, 2024 at 8:00 am

    If anyone ask me if fixed deposits give good returns, I will just simply answer this way, you put your money in the bank, and they promise to pay you back with a bit more after a specified time. It can be safe, but the returns are often small, you have to save very huge amount or save repeatedly toRead more

    If anyone ask me if fixed deposits give good returns, I will just simply answer this way, you put your money in the bank, and they promise to pay you back with a bit more after a specified time. It can be safe, but the returns are often small, you have to save very huge amount or save repeatedly to get good returns. It’s like putting your money in a safe place and letting it grow slowly Fixed deposits are good because they are steady and low risk. But if you want big returns fast, you might want to consider something else.

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spencer
spencerEnlightened Mentor
Asked: May 23, 2024In: Money & Business

What Are The Terms and Conditions of a Bank Loan?

When taking a bank loan, what are the terms and conditions applied to it and what are the tips to make sure an individual makes the right decision when taking a bank loan?

When taking a bank loan, what are the terms and conditions applied to it and what are the tips to make sure an individual makes the right decision when taking a bank loan?

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  1. aboy01
    aboy01 Trusted Adviser Digital Entrepreneur | Knowledge Sharer | Smart Income Mentor
    Added an answer on May 5, 2026 at 4:34 am

    When you're looking at a bank loan, you'll usually see details like the interest rate (fixed or variable), how long you have to pay it back, the monthly installments, any fees (like processing or late charges), whether you need to provide collateral or not, and what credit score you need. They mightRead more

    When you’re looking at a bank loan, you’ll usually see details like the interest rate (fixed or variable), how long you have to pay it back, the monthly installments, any fees (like processing or late charges), whether you need to provide collateral or not, and what credit score you need. They might also mention penalties if you miss payments and the rules for paying it off early.

    Here are some tips: shop around and compare different lenders, don’t just focus on the interest rate but also consider the total cost to repay, make sure you read all the fine print, only borrow what you can comfortably pay back, try to keep a good credit score, and make sure your income is steady before you take the plunge.

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spencer
spencerEnlightened Mentor
Asked: May 23, 2024In: Money & Business

How To Get an Approved Bank Loan?

As a business owner looking at getting a loan approved by a bank, what are the steps to follow to make sure I get an approved Bank Loan, do you have any tips?

As a business owner looking at getting a loan approved by a bank, what are the steps to follow to make sure I get an approved Bank Loan, do you have any tips?

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spencer
spencerEnlightened Mentor
Asked: May 23, 2024In: Money & Business

How To Choose a Bank eighya High Interest Rates?

Choosing a bank with a high interest rate allows you a saver to access more return on investment and make more money over the long term, how can I choose a bank with a high interest rate?

Choosing a bank with a high interest rate allows you a saver to access more return on investment and make more money over the long term, how can I choose a bank with a high interest rate?

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spencer
spencerEnlightened Mentor
Asked: May 22, 2024In: Money & Business

How To Approach Self Development As an Entrepreneur?

As a business owner that wants to stay on top of his game and keep on evolving, what’s a pragmatic way to approach self development, is it through reading books or getting a coach?

As a business owner that wants to stay on top of his game and keep on evolving, what’s a pragmatic way to approach self development, is it through reading books or getting a coach?

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  1. Abigael
    Abigael Trusted Adviser Abigael
    Added an answer on May 23, 2024 at 2:58 am

    Self development is very important for an entrepreneur. The good thing is that there are many resources both online and offline that can enhance this. It helps a business person to grow and develop skills that are necessary in the ever changing business world. You can hire a couch for this or do youRead more

    Self development is very important for an entrepreneur. The good thing is that there are many resources both online and offline that can enhance this. It helps a business person to grow and develop skills that are necessary in the ever changing business world.

    You can hire a couch for this or do your own research by reading books, watching videos on different platforms that offer tutorials or do apprenticeship in a big firm.

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spencer
spencerEnlightened Mentor
Asked: May 22, 2024In: Money & Business

How Can A Retiree Get Out of Debt?

As a retired individual with no guaranteed source of income and a debt, what are the strategies that can be employed to ensure you’ve got out of debt, given an individual is out of job?

As a retired individual with no guaranteed source of income and a debt, what are the strategies that can be employed to ensure you’ve got out of debt, given an individual is out of job?

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  1. Light
    Light Trusted Adviser
    Added an answer on August 1, 2024 at 8:23 pm

    If you're retired or about to retire and you are in debt, start cutting down unnecessary spending, it will really help you. Monitor your budget and trim the fat so well. Another thing is to think about getting a part-time job or doing some freelance work, you can't just stay idle. Selling stuff youRead more

    If you’re retired or about to retire and you are in debt, start cutting down unnecessary spending, it will really help you. Monitor your budget and trim the fat so well. Another thing is to think about getting a part-time job or doing some freelance work, you can’t just stay idle. Selling stuff you don’t need can also help, you should have some. Finally,  try talking to a financial advisor to create a plan. It’s all about being smart with your money and making small changes consistently  that will add up.

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spencer
spencerEnlightened Mentor
Asked: May 22, 2024In: Money & Business

How To Start a Transport Business?

With an access to a vehicle what’s the best way to start a transport business, what’s more profitable an interstate or within a metropolis and also what are the safety measures one needs to observe?

With an access to a vehicle what’s the best way to start a transport business, what’s more profitable an interstate or within a metropolis and also what are the safety measures one needs to observe?

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  1. tray599
    tray599 Knowledge Seeker blogger, content writer
    Added an answer on November 2, 2025 at 5:04 pm

    Transport business is a good business which anyone can do but I want you to know so many things here you must have huge amount of money to start this business. It's not the kind of business which an average person can start buying vehicle alone will tell you how much you will need to spend.. But sinRead more

    Transport business is a good business which anyone can do but I want you to know so many things here you must have huge amount of money to start this business.

    It’s not the kind of business which an average person can start buying vehicle alone will tell you how much you will need to spend..

    But sincerely there are so much money to be made from this business mostly if you have experience on transport management.

    You can go into partnership if you have the money to reduce the stress of funding the business

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spencer
spencerEnlightened Mentor
Asked: May 22, 2024In: Money & Business

Does Living Frugally Insures Financial Freedom?

Does living frugally ensures you a financial freedom, most people live frugally because they want to save money, is it advisable to spend less in hopes of a financial freedom?

Does living frugally ensures you a financial freedom, most people live frugally because they want to save money, is it advisable to spend less in hopes of a financial freedom?

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  1. Augusta
    Augusta Enlightened Mentor
    Added an answer on August 9, 2025 at 5:28 am

    Frugality can help here to a large extent because a frugal person can become financially independent more quickly than the extravagant one as the former spends less money and saves more. The thing is that Frugal living and Financial Independence  are interrelated as living frugally is one of  the keRead more

    Frugality can help here to a large extent because a frugal person can become financially independent more quickly than the extravagant one as the former spends less money and saves more.

    The thing is that Frugal living and Financial Independence  are interrelated as living frugally is one of  the keys to achieving financial independence.

    Living frugally can lead to saving more money, reducing debt, and ultimately achieving financial independence. Mindful Spending: Fencourages individuals to be more intentional about their purchases, focusing on needs over wants.

    Living frugally is  a money blocking mindset as one can budget effectively this way and actually increasing  financial freedom. Budgeting not only helps one to live within one’s means; it frees you up to make plans for what you enjoy. Make sure to outline what’s most important to youwith specific amounts that support these priorities.

     

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