Norri

Vostro Account.



by

A Vostro account is a bank account that is maintained by one bank for another bank. The account is used to settle transactions between the two banks. Vostro accounts are typically used by banks that do not have a branch in the country where the other bank is located. Who owns the Nostro account? The … Read more

Understanding Down Payments.



by

A down payment is the amount of money that you put towards the purchase of a home. The down payment is the portion of the home’s purchase price that you pay in cash, and it is typically given to the seller at the time of closing. The amount of your down payment will affect the … Read more