Elnc Wallet is an open source, client-side tool for generating eInc wallets and sending transactions. Forked from MyEtherWallet, the EInc wallet allows you to create new wallets, receive, store and send eInc and eInc-based tokens.
When you open an account with a bank or exchange, they create an account for you in their system. The bank keeps track of your personal information, account passwords, balances, transactions and ultimately your money. The bank charge fees to manage your account and provide services, like refunding transactions when your card gets stolen. The bank allows you to write a check or charge your debit card to send money, go online to check your balance, reset your password, and get a new debit card if you lose it. You have an account with the bank or exchange and they decide how much money you can send, where you can send it, and how long to hold on a suspicious deposit. All for a fee.