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Abdullah Mahhaden, CFA, CPA's image
Question added by Abdullah Mahhaden, CFA, CPA Assurance Manager Grant Thornton
11 years ago
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Abdullah Mahhaden, CFA, CPA's image
Question added by Abdullah Mahhaden, CFA, CPA Assurance Manager Grant Thornton
11 years ago
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Godalex Bukenya Kimuli's image
Question added by Godalex Bukenya Kimuli Team Supervisor Triple Canopy
10 years ago
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hend tawk's image  
Answer added by  hend tawk, teller and customer service, internship at blc bank
10 years ago

A correspondent bank can conduct business transactions, accept deposits and gather documents on behalf of the other financial institution. Correspondent banks are more li ... See More

Muhammad Nadeem's image  
Answer added by  Muhammad Nadeem, Admin Clerk, The Islamia University, Bahawalpur, Punjab, Pakistan
10 years ago

Correspondent banking means that bank who perform vital role in domestically and internationally in money transactions and other multiple features.

Mohamed Hussein Abdel Maksoud's image  
Answer added by  Mohamed Hussein Abdel Maksoud, Customer Service Head, ( CIB ) COMMERCIAL INTERNATIONAL BANK
10 years ago

like ROD..revolving Over Draft...it's a credit facility that gains intrest income as long as the line utilized..

ESER TANRIVERDI's image  
Answer added by  ESER TANRIVERDI, Business Development Manager, Wix Pro Pty Ltd
11 years ago

when an international money transfer is done correspondent banks take roles. They are the banks which carry your money inter countries.