Just thought I would mention these two banks in Puerto Rico that say they accept business and personal accounts. I don't know any more about them however. I just stumbled across them and thought its better to mention in Mentor Group than in public to give someone a chance here to try them out. Both are free to open and maintain on monthly basis for personal accounts also.
They are both new banks. I picked them off the Puerto Rico banking license register as newly incorporated banks with as you notice decent websites but no one talking about them.
Could be fudder like EPB or hidden crypto cash out gems. Who knows.
@Admin I don't know if you came across these banks?
FV Bank has an incredibly high risk appetite. I have seen them accept online gambling companies and offering them USD accounts. Online gambling is a federal crime and only a few states have issued licensing for online gambling. And none of the gambling companies I've seen that bank with FV Bank hold US licenses. Fortunately, none of them accept US players but that could change.
This is a huge red flag for me. Whether it's FBI, FinCEN, or Federal Reserve, someone is going to have a problem with that eventually. Most sensible igaming companies avoid USD like plague, even if they don't take US players.
FV Bank has an incredibly high risk appetite. I have seen them accept online gambling companies and offering them USD accounts. Online gambling is a federal crime and only a few states have issued licensing for online gambling. And none of the gambling companies I've seen that bank with FV Bank hold US licenses. Fortunately, none of them accept US players but that could change.
This is a huge red flag for me. Whether it's FBI, FinCEN, or Federal Reserve, someone is going to have a problem with that eventually. Most sensible igaming companies avoid USD like plague, even if they don't take US players.
That is definitely a big red flag!! If that was in Europe, we would have enough time to withdraw the funds before the fire takes place! :D
I don't know about GK Bank but from speaking with FV Bank, they pretty much only offer personal accounts for appearance. They don't really want personal account holders at all, except for wealthy people who own the businesses they open corporate accounts for.
Nothing @thirtyniner
Support is not answering also, it was a corporate account.
Unfortunately more of the same. Anyway, thanks for trying to settle it.
More and more I believe this kind of banks open with a very specific goal in mind, and it is not for sure to serve our empty pockets companies. This is for a much bigger shark pool, so they will never focus on providing any good service at all. That was never the purpose.
All of these international banks in Puerto Rico are on borrowed time. Their business model is secrecy and this type of secrecy is ending. Only a matter of time.
All of these international banks in Puerto Rico are on borrowed time. Their business model is secrecy and this type of secrecy is ending. Only a matter of time.
By secrecy, you mean that they don't report abroad their personal accounts through CRS?
