Hi everyone,
I know there are already a few threads in the forum discussing FV Bank and Zenus, and some people said good things as not having any issue over time. Along with one single post about the general risks of banking in Puerto Rico.
That said, I’m currently looking for a reliable solution to access U.S. banking services and off-ramp crypto to purchase a property worth mid high 6figs in cash
Do you think sending $90K per transaction to both or one of the banks could expose me risks of them scamming my funds for some compliance BS?
I'm trying to send them a SoF, it's a crypto native one, and it's highly complicated but they ghosted me for a month about the matter
Would love to hear your insights
These are PR banks that are here today and gone tomorrow 😕.
You can access US banking system from outside US territories. I don't get what you are trying to achieve here maybe you can explain and a better solution could be proposed. Are you just looking for USD ACH or something?
They have ghosted you for a month about a matter and your talking of sending them $90k?
What they are ghosting is the SoF I sent them for pre-approval. So I have decided to give it a try
For the better solutions, it needs to be a crytpo friendly bank
I have no time to spend waiting approval on better banks, as i'm closing a real estate deal
I'd just use them per transaction in and out, 99k for a few times and not to leave there. But if someone tell me they would steal my money I'd then rethink what to do
my question is, anyone has any experience with 6 figures transaction with any one of the two?
which can bank could be quick and reliable in US that can open online?
Why does it have to be in US? I cannot comment further if you don't explain your reasoning behind this.
No, it doesn't need to be. Just need to accept crypto SoF. Do you have any recommendation?
What is your SoF firstly?
defi, airdrops and swaps
do you think Citigold would accept crytpo SOF?
SoF would be how did you get the original fiat to invest in crypto? Or are you saying you never put a penny of fiat into crypto and it all mysteriously airdropped to you. The rest of gains you made while in crypto is just a transaction report which no one actually really looks at but keep on record as regulators like paperwork. They would general just run your sending wallet address through AML software to see if any were used in any laundering operations or are blacklisted.
Mate your all over the place. How did we go from talking about crappy PR banks to Citibank. First things first.
Understood
Because of following:
"These are PR banks that are here today and gone tomorrow 😕. "
and that "You can access US banking system from outside US territories. I don't get what you are trying to achieve here maybe you can explain and a better solution could be proposed. Are you just looking for USD ACH or something?"
You can access US banking system from outside US using ACH provided by intermediary EMI's in Europe that have relationships within US.
Off head an example would be epay services which is crypto friendly. Not the best but if your bench marking against a PR bank then maybe usable.
No, Citi always stay away from Crypto
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