People often budgeted an entire afternoon for a trip to a bank branch to check their balances or to make a deposit, withdrawal or payment, explained Anthony Mwai, country general manager for IBM in East Africa.
Asil Nadir's defence was that for every withdrawal in London, there had already been an equal and balancing deposit at the northern Cyprus end of his empire.
Returns on these investments vary fairly widely based on whether they're subject to early withdrawal penalties, offer fixed or variable yields, or are protected by deposit insurance.
If the employee doesn't leap into action within a 60-day window and deposit that money into a new plan or IRA, the Internal Revenue Service will assess early-withdrawal penalties.