Banking

Finding the right bank that meets all of your needs does not have to be difficult. Your reasons for choosing the right bank, will determine what account or banking service is right for you. In our banking guide, we will look at the different types of financial institutions, identify the various accounts, talk about interest rates and examine some of the available banking products and services.

Odd Cents - The Ultimate Guide to Credit Unions in Barbados
Banking

The Ultimate Guide to Credit Unions in Barbados

The value of credit unions in Barbados has been touted by the people of the country for many years. I’m not sure if it’s because of the many advantages which members find attractive. Members of the credit unions are part owners; the focus of the business model is to benefit the members; savings rates are […]

Odd Cents - My Bank Sent a Request for Information By Text
Banking

My Bank Sent a Request for Information By Text

I recently received a request for information by text from my bank, and I immediately thought that it was fake. This is the third text that I’ve received from them, but there was something about this one that did not sit right with me. The other two texts were notification texts and they did not […]

Odd Cents - Why You Should Compare Savings Accounts - Foodica
Banking

Why You Should Compare Savings Accounts

Sometimes it feels like my savings are going nowhere. I sock away a reasonable chunk of my salary, but it’s not really moving upwards as I would like. I mean, I bank my hard earned dollars hoping to get the best returns possible and grow my savings. But nothing. I’ll admit that one personal finance […]

What is a Commercial Bank_ - Foodica
Banking

What is a Commercial Bank?

A commercial bank is a financial institution that provides several financial services. Financial services are varied but fall into the broad categories of deposits, loans and investments. These financial services are offered to the banks’s main customers – individuals, institutions and businesses. Role of the Commercial Bank The primary function a commercial bank is to […]

CIBC First Caribbean International Bank - Foodica
Banking

CIBC First Caribbean International Bank

CIBC First Caribbean International Bank is a financial services entity in Barbados, which offers services in Corporate Banking, Retail Banking, Wealth Management, Credit Cards, Treasury Sales and Trading and Investment Banking. CIBC First Caribbean International Bank is a subsidiary of the Canadian Imperial Bank of Commerce. History The entity was formed in 2002 as FirstCaribbean […]

Odd Cents - Why I Closed My Bank Account After Two Years - Foodica
Banking

Why I Closed My Bank Account After Two Years

I closed my bank account because I was fed up with an annoying bank fee. I know that this might not be the best solution for everybody, but it definitely is the most effective. Banks charge for everything under the sun, and if the government imposes additional fees on them, you can be sure that […]