Why do credit unions make it so hard to get an international wire transfer? Do you use a bank or a credit union? Why is that preference? Why do banks and financial institutions charge higher interest rates for personal loans? Why are Canadian "big banks" suddenly obj...
Letter of credit refers to a legal document sent by the bank promising that the buyer will make a timely payment with full amount to the seller. Usually bank charge some fee for this service. Global industry trade mostly utilize the letter of credit....