I'm sure they don't run away with your money however that's what we try to claim all the time - there is no point nowadays banking with old "new school" offshore banks popping up 20 years ago - in fact there business is dead and they were already using a correspondence that were again using Western Union Business Service with shared account as correspondence so it's not only technical in practice very hard to work in daily business but even such correspondent networks will dry out in the next months / 1-2 years.
That's copy/paste from the email I received from the bank in response to my request to wire funds.
Each time I read such statements I run and look for a solution somewhere else, it always ends bad!
EPB lost all correspondents? According to what I see they still work with "Novo Banco, SA".
A software problem doesn't cause these kind of problems unless something very tragic happened like they got hacked or something. I'm gonna say its something else, probably lost their correspondence bank or something. Deal with caution!!
Yes like said once they loose Novo Banco SA your funds are stuck.
No connection. They recently rebranded the bank as Hamilton from Alexander Hamilton, a founding father of the USA, who was born in Nevis.
€70k on the account. Probably it will cost me some $10k, assuming that the bank complies with the court order.
