Nodabank
- Thread starter NativeLogos
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It means they email business owners to pitch their product. Similar to cold calling but the email version.
Epico Finance has done so in the past as well and I found some chatter on here about it but haven't for Nodabank. Their solutions sounds up my alley for my clients' needs hence looking for info on them.
Epico Finance has done so in the past as well and I found some chatter on here about it but haven't for Nodabank. Their solutions sounds up my alley for my clients' needs hence looking for info on them.
"Our team will assess your business case and will get back to you as soon as possible with the price proposal"
Yup just keep walking and don't stop
Yup just keep walking and don't stop
Nodabank, more like say no to da bank.
I don't know anything about this bank except that it's in Dominica, which is enough of a red flag for me to run away. Can't remember seeing another jurisdiction with such poor oversight of its banks. Great place if you want to start a bank but lack both the competence and capital to start one in an actual financial center like US, UK, EU, HK, SG.
I don't know anything about this bank except that it's in Dominica, which is enough of a red flag for me to run away. Can't remember seeing another jurisdiction with such poor oversight of its banks. Great place if you want to start a bank but lack both the competence and capital to start one in an actual financial center like US, UK, EU, HK, SG.
Indeed, hence my initial suspicion.
And I wouldn't say all Dominica banks are bad. It's just that bad banks are more likely in Dominica due to the lax regulations as someone said. Given my unique needs, banks in jurisdictions like the US and EU will not accept my clients, so off-shore is essentially a must.
And I wouldn't say all Dominica banks are bad. It's just that bad banks are more likely in Dominica due to the lax regulations as someone said. Given my unique needs, banks in jurisdictions like the US and EU will not accept my clients, so off-shore is essentially a must.
Got contacted by Linkedin and then had a call with a "senior" person from that bank. They are keen to grab any business and are more an EMI from a juridiction that is quite lax in reality. Accounts with them are effectively held in depository bank in Asia (Singapore) for USD and GBP and in Bulgaria for EUR. I have not dug more into this as I am not keen to pay €1,500 as compliance fees before having an account.
See attached the schedule of fees as presented to me on 16.05.2025
See attached the schedule of fees as presented to me on 16.05.2025
TBMK just a bad coincidence, nodabank.com is from brighty.app (Swiss SRO member and Lithuanian VASP).
I think the service is running on a BaaS on a BaaS (Brighty issues accounts through Breinrock but Breinrock has no access to payment rails, so it is in turn issuing through another BaaS).
Per transaction fees are very high especially for incoming funds and for conversions.
Nodabank.ru was actually quite a good firm for Russian standards (TBH have no idea about nowadays) but I doubt any correlation to this︀
I think the service is running on a BaaS on a BaaS (Brighty issues accounts through Breinrock but Breinrock has no access to payment rails, so it is in turn issuing through another BaaS).
Per transaction fees are very high especially for incoming funds and for conversions.
Nodabank.ru was actually quite a good firm for Russian standards (TBH have no idea about nowadays) but I doubt any correlation to this︀
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