A merchant bank may be characterized as the sort of financial middleman or bank that trades and manages investments and business loans for medium and small companies and small companies. Their existence can be traced back to medieval times when there'd been significant trade of goods.

A standby letter of credit SLOC is typically used for international trade to assist businesses in obtaining contracts. Because the parties in the agreement are not acquainted, this letter is a way to boost the seller's confidence in the deal. It indicates trustworthiness as it indicates the buyer's creditworthiness and the ability to pay for the goods or services in an unexpected event.

The Netspend Card is a prepaid debit card from the global payment company Netspend that allows you to make transactions without a bank account. It only takes a few minutes to open an account online or in person and there are no credit check or minimum deposit requirements. Once you’ve added funds to your account, you can use your card for online and in-person purchases, send money to friends or family, or pay bills.