Erabang.com Review please is it a good offshore bank?

[Erabanq]

Martin Everson said:
Would like to know the answer to @Milky Moon question. thu&¤#

@Erabanq hopefully you have not confused Euro 100k (in total) coverage of your corporate account with 100k protection of individual clients. I touched on the subject of ensuring an EMI has funds held in the correct account type in below thread. You see not even in the UK is any FI held funds covered by deposit insurance. However your claiming yours is in the Czech Republic ns2.

LeuPay.EU - Review please is it a good offshore bank?

Is it a safeguarding account, trust or custodial account that holds clients funds firstly or just a normal segregated business account?🙁
Click to expand...

Hello Martin Everson,

in Erabanq we do realize that not all of the payment institutions have fulfilled their obligations in accordance with the Act No. 370/2017 Coll. Payment Services Act and the Act No. 21/1992 Coll. on Banks. The law department is processing regular audits to make sure that the Erabanq is in accordance with all the regulations and required obligations.

Erabanq has secured its bank accounts to be insured by limits exceeding the EUR 100,000 (the last audit and reports were done in October 2018 and they are repeatedly done each 3 months according to the law) and therefore in the event of bankruptcy of the bank where the funds of the clients are kept each of our client shall receive indemnity from the Deposit Insurance Fund in the amount of funds registered/kept on the client's Erabanq account(s), up to EUR 100,000 per each client.

For more info, please feel free to visit our official websites www.Erabanq.com

 

[Erabanq]

Martin Everson said:
Would like to know the answer to @Milky Moon question. thu&¤#

@Erabanq hopefully you have not confused Euro 100k (in total) coverage of your corporate account with 100k protection of individual clients. I touched on the subject of ensuring an EMI has funds held in the correct account type in below thread. You see not even in the UK is any FI held funds covered by deposit insurance. However your claiming yours is in the Czech Republic ns2.

LeuPay.EU - Review please is it a good offshore bank?

Is it a safeguarding account, trust or custodial account that holds clients funds firstly or just a normal segregated business account?🙁
Click to expand...

Hello Martin Everson,

in Erabanq we do realize that not all of the payment institutions have fulfilled their obligations in accordance with the Act No. 370/2017 Coll. Payment Services Act and the Act No. 21/1992 Coll. on Banks. The law department is processing regular audits to make sure that the Erabanq is in accordance with all the regulations and required obligations.

Erabanq has secured its bank accounts to be insured by limits exceeding the EUR 100,000 (the last audit and reports were done in October 2018 and they are repeatedly done each 3 months according to the law) and therefore in the event of bankruptcy of the bank where the funds of the clients are kept each of our client shall receive indemnity from the Deposit Insurance Fund in the amount of funds registered/kept on the client's Erabanq account(s), up to EUR 100,000 per each client.

For more info, please feel free to visit our official websites www.Erabanq.com

 

[Erabanq]

Martin Everson said:
Would like to know the answer to @Milky Moon question. thu&¤#

@Erabanq hopefully you have not confused Euro 100k (in total) coverage of your corporate account with 100k protection of individual clients. I touched on the subject of ensuring an EMI has funds held in the correct account type in below thread. You see not even in the UK is any FI held funds covered by deposit insurance. However your claiming yours is in the Czech Republic ns2.

LeuPay.EU - Review please is it a good offshore bank?

Is it a safeguarding account, trust or custodial account that holds clients funds firstly or just a normal segregated business account?🙁
Click to expand...

Hello Martin Everson,

in Erabanq we do realize that not all of the payment institutions have fulfilled their obligations in accordance with the Act No. 370/2017 Coll. Payment Services Act and the Act No. 21/1992 Coll. on Banks. The law department is processing regular audits to make sure that the Erabanq is in accordance with all the regulations and required obligations.

Erabanq has secured its bank accounts to be insured by limits exceeding the EUR 100,000 (the last audit and reports were done in October 2018 and they are repeatedly done each 3 months according to the law) and therefore in the event of bankruptcy of the bank where the funds of the clients are kept each of our client shall receive indemnity from the Deposit Insurance Fund in the amount of funds registered/kept on the client's Erabanq account(s), up to EUR 100,000 per each client.

For more info, please feel free to visit our official websites www.Erabanq.com

 

[Erabanq]

Martin Everson said:
Would like to know the answer to @Milky Moon question. thu&¤#

@Erabanq hopefully you have not confused Euro 100k (in total) coverage of your corporate account with 100k protection of individual clients. I touched on the subject of ensuring an EMI has funds held in the correct account type in below thread. You see not even in the UK is any FI held funds covered by deposit insurance. However your claiming yours is in the Czech Republic ns2.

LeuPay.EU - Review please is it a good offshore bank?

Is it a safeguarding account, trust or custodial account that holds clients funds firstly or just a normal segregated business account?🙁
Click to expand...

Hello Martin Everson,

in Erabanq we do realize that not all of the payment institutions have fulfilled their obligations in accordance with the Act No. 370/2017 Coll. Payment Services Act and the Act No. 21/1992 Coll. on Banks. The law department is processing regular audits to make sure that the Erabanq is in accordance with all the regulations and required obligations.

Erabanq has secured its bank accounts to be insured by limits exceeding the EUR 100,000 (the last audit and reports were done in October 2018 and they are repeatedly done each 3 months according to the law) and therefore in the event of bankruptcy of the bank where the funds of the clients are kept each of our client shall receive indemnity from the Deposit Insurance Fund in the amount of funds registered/kept on the client's Erabanq account(s), up to EUR 100,000 per each client.

For more info, please feel free to visit our official websites www.Erabanq.com

 

[Milky Moon]

Where is it insured? | EasyPage lists the institutions that are covered by the insurance.

For natural persons a TEMPORARY HIGH BALANCE can be insured (max 200K), but this is not possible for business. So I guess you need additional advice as your claim simply does not corresponds with the available evidence and public information that is available.

 

[Milky Moon]

Where is it insured? | EasyPage lists the institutions that are covered by the insurance.

For natural persons a TEMPORARY HIGH BALANCE can be insured (max 200K), but this is not possible for business. So I guess you need additional advice as your claim simply does not corresponds with the available evidence and public information that is available.

 

[Milky Moon]

Where is it insured? | EasyPage lists the institutions that are covered by the insurance.

For natural persons a TEMPORARY HIGH BALANCE can be insured (max 200K), but this is not possible for business. So I guess you need additional advice as your claim simply does not corresponds with the available evidence and public information that is available.

 

[Milky Moon]

Where is it insured? | EasyPage lists the institutions that are covered by the insurance.

For natural persons a TEMPORARY HIGH BALANCE can be insured (max 200K), but this is not possible for business. So I guess you need additional advice as your claim simply does not corresponds with the available evidence and public information that is available.

 

[Martin Everson]

Erabanq said:
The funds, which are held on the Erabanq Accounts are kept in separate bank accounts, and this insurance of these bank accounts exceeds the EUR 100,000 since these bank accounts have different insurance scheme in special regime in accordance with Act No. 21/1992 Coll. on Banks.
Click to expand...

@Erabanq Maybe what you are trying to say is that under i.e article 41m or other in the Act No. 21/1992 Coll. on Banks - the third-party bank you use has the extra deposit insurance on your client funds account? If so please ask the bank to provide written confirmation and we can close this issue.

P.S You would be wise to remove this claim of deposit protection from your website until you can substantiate such a serious claim.

Toggle signature
Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[Martin Everson]

Erabanq said:
The funds, which are held on the Erabanq Accounts are kept in separate bank accounts, and this insurance of these bank accounts exceeds the EUR 100,000 since these bank accounts have different insurance scheme in special regime in accordance with Act No. 21/1992 Coll. on Banks.
Click to expand...

@Erabanq Maybe what you are trying to say is that under i.e article 41m or other in the Act No. 21/1992 Coll. on Banks - the third-party bank you use has the extra deposit insurance on your client funds account? If so please ask the bank to provide written confirmation and we can close this issue.

P.S You would be wise to remove this claim of deposit protection from your website until you can substantiate such a serious claim.

Toggle signature
Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[Martin Everson]

Erabanq said:
The funds, which are held on the Erabanq Accounts are kept in separate bank accounts, and this insurance of these bank accounts exceeds the EUR 100,000 since these bank accounts have different insurance scheme in special regime in accordance with Act No. 21/1992 Coll. on Banks.
Click to expand...

@Erabanq Maybe what you are trying to say is that under i.e article 41m or other in the Act No. 21/1992 Coll. on Banks - the third-party bank you use has the extra deposit insurance on your client funds account? If so please ask the bank to provide written confirmation and we can close this issue.

P.S You would be wise to remove this claim of deposit protection from your website until you can substantiate such a serious claim.

Toggle signature
Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[Martin Everson]

Erabanq said:
The funds, which are held on the Erabanq Accounts are kept in separate bank accounts, and this insurance of these bank accounts exceeds the EUR 100,000 since these bank accounts have different insurance scheme in special regime in accordance with Act No. 21/1992 Coll. on Banks.
Click to expand...

@Erabanq Maybe what you are trying to say is that under i.e article 41m or other in the Act No. 21/1992 Coll. on Banks - the third-party bank you use has the extra deposit insurance on your client funds account? If so please ask the bank to provide written confirmation and we can close this issue.

P.S You would be wise to remove this claim of deposit protection from your website until you can substantiate such a serious claim.

Toggle signature
Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[Erabanq]

Hello,

in purpose to clarify and clearly explain how the client's funds are protected, we have published following pdf document with detailed explanation:
How the client's funds are protected - click here.

In case of any questions, please feel free to contact us.

For more info, please feel free to visit us at www.Erabanq.com

 

[Erabanq]

Hello,

in purpose to clarify and clearly explain how the client's funds are protected, we have published following pdf document with detailed explanation:
How the client's funds are protected - click here.

In case of any questions, please feel free to contact us.

For more info, please feel free to visit us at www.Erabanq.com

 

[Erabanq]

Hello,

in purpose to clarify and clearly explain how the client's funds are protected, we have published following pdf document with detailed explanation:
How the client's funds are protected - click here.

In case of any questions, please feel free to contact us.

For more info, please feel free to visit us at www.Erabanq.com

 

[Erabanq]

Hello,

in purpose to clarify and clearly explain how the client's funds are protected, we have published following pdf document with detailed explanation:
How the client's funds are protected - click here.

In case of any questions, please feel free to contact us.

For more info, please feel free to visit us at www.Erabanq.com

 

[Martin Everson]

@Erabanq Can I just confirm some info about your "country info" list text file on your website.

1. Does the "Transfers Allowed" column mean as it states that transfers from/to that country are allowed?

2. Is the "Account Ownership Allowed" column mean you allow companies from that country to open accounts with you or just natural persons?

If you offer deposit protection of up to 100k and allow classic offshore companies then you have a very good competitive edge.

Toggle signature
Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[Martin Everson]

@Erabanq Can I just confirm some info about your "country info" list text file on your website.

1. Does the "Transfers Allowed" column mean as it states that transfers from/to that country are allowed?

2. Is the "Account Ownership Allowed" column mean you allow companies from that country to open accounts with you or just natural persons?

If you offer deposit protection of up to 100k and allow classic offshore companies then you have a very good competitive edge.

Toggle signature
Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[Martin Everson]

@Erabanq Can I just confirm some info about your "country info" list text file on your website.

1. Does the "Transfers Allowed" column mean as it states that transfers from/to that country are allowed?

2. Is the "Account Ownership Allowed" column mean you allow companies from that country to open accounts with you or just natural persons?

If you offer deposit protection of up to 100k and allow classic offshore companies then you have a very good competitive edge.

Toggle signature
Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[Martin Everson]

@Erabanq Can I just confirm some info about your "country info" list text file on your website.

1. Does the "Transfers Allowed" column mean as it states that transfers from/to that country are allowed?

2. Is the "Account Ownership Allowed" column mean you allow companies from that country to open accounts with you or just natural persons?

If you offer deposit protection of up to 100k and allow classic offshore companies then you have a very good competitive edge.

Toggle signature
Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.