What many people don’t know is how they work. Most people have heard of virtual wallets, the ones you open in Windows or Internet Explorer that allow you to make purchases online without dealing with cash or credit card companies. Several other features of Virtual Wallet like Payday, Bill payment and even threat alert has the satisfactory effect on its customers. ![]() It has made life hassle free and banking paper free. With the roads stuffed with traffic anything that could save you a run to the bank is working in favour. A complete tally of a bought item is a convenient delivery of information also it’s a reality check for the unnecessary expenditure. From simple product like a cell phone to big dream of owning a car, all can be added to wishlist. Add items to this list and Voila! Next thing you know is Virtual Wallet keeping track of close you are to buying it with your savings. Here you earn and save for your own wishlist. Who doesn’t want a genie in their life? But this genie is different from the Aladdin had. There are two ways to save your money, One by punching the Pig (literally, though the digital one) and other by avoiding extra fees and charges. Virtual Wallet gives their user a visual representation of their expenses and saving along with the amount they have reserved. Well, with Virtual Wallet keeping a track of your expenses and the expenses which you haven’t foreseen yet has become easier. With Growth account, a user can earn interest on their saving, hence working typically like a bank.įor the days when the universe conspires against you and nothing goes right you spill on your favourite dress and you missed your flight so now you will have to buy a new ticket along with emergency charges which lead to your current bankruptcy. Reserve and Growth Account: With $0 both of these accounts can be managed to keep control of our spend-fairy as both the accounts keep track of our reserved money. $7 is charged as a service fee on monthly basis but with the maintenance of a combination of $500 in both Spend and Growth account this fee can be wavered. Through the online process, this account can also be opened at the cost of $0 too. Spend Account: This account requires a minimum deposit of $25.00 and keeps a track of each spending we make. With the introduction of Virtual wallet, User can now avail several free services like free account transfers and Free PNC ATM services. The three-in-one account facility lets the user organize as well as manage their funds. The third and last account focuses on growing our money to the larger extent and hence is a long-term savings account. The spend account manages all our spending while the reserve regulates our short-term savings and keeps a check on our habit of overspending. The virtual wallet gives us access to three different types of account used on Primary, secondary and long-term basis Spend, Reserve and Growth. Unlike our typical bank accounts, a virtual Wallet makes it easier for us to access our bank from wherever and whenever we want. ![]() We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. This will not incur any additional charges to you. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. Please seek Professional advice from a qualified professional before making any financial decisions. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. This is not to be considered as financial advice and should be considered only for information purposes. ![]() These commissioned articles are commercial in nature. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide.
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