I read they are offering real USD bank accounts for non US citizens and without SSN, any review on them please?
https://zenus.com/
https://zenus.com/
Someone know Zenus?
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Just another Puerto Rico international bank whose entire business model is based around not (yet) having to comply with CRS and FATCA.
Being based in Puerto Rico and marketing itself as a "US bank" is both technically true and misleading. Yes, Puerto Rico is a US territory but, no, it's not what people usually think of when they think US.
See also: Stern Bank, FV Bank, GK Bank, EuroPacific Bank.
Being based in Puerto Rico and marketing itself as a "US bank" is both technically true and misleading. Yes, Puerto Rico is a US territory but, no, it's not what people usually think of when they think US.
See also: Stern Bank, FV Bank, GK Bank, EuroPacific Bank.
It's not fully true, they are still in the process of "setting everything up" and they have been like that for a looong time (I'm in the waiting list since it started) so at least we can not give you a real review of the service.
Friendly with international: All of them. That's their business model.
Fast: None of them.
Reliable: None of them.
Real bank: Define real, but these bank exist purely to facilitate tax evasion and money laundering, and to onboard desperate clients who can't find banking/EMIs elsewhere.
Fast: None of them.
Reliable: None of them.
Real bank: Define real, but these bank exist purely to facilitate tax evasion and money laundering, and to onboard desperate clients who can't find banking/EMIs elsewhere.
thanks for objective opinions you put here . it's much better to know before dealing with bad bank .
sure tax evasion is not what i'm trying to achieve but i was trying to check if these banks are among the good options that can open remotely account for international client in (us-canada/west-north west eu) with︀ low deposit and balance since i just cant travel to interested countries or obtain residency︁ there .
sure tax evasion is not what i'm trying to achieve but i was trying to check if these banks are among the good options that can open remotely account for international client in (us-canada/west-north west eu) with︀ low deposit and balance since i just cant travel to interested countries or obtain residency︁ there .
Nexus as all others are not banks. They are IFE (International Financial Entity), or in spanish EFI (entidad Financiera Internacional). I'ts like EMI but but with some particularities. They can't work with PR customers. So they are offshore comapnies. You can find the complet listing with the licence numbers in OCIF (OCIF). Zenus are nor operating for now. Perhaps it will beguin to run in the 1Q 2021. Possibly they got license recently but are negociating with correspondant banks to open account. Then they will be abble to offer services. From the moment that a IFE get the final licence since they get︀ firmelly a correspondant bank for each currency it can take some months. Usually the IFEs︁ are not a street "bank". They are located in flats principally in San Juan and︂ many in the main financial street, "Ponce de Leon".
On the 1Q 2021 we will︃ see how good is to open account and if all it's so nice.😉
On the 1Q 2021 we will︃ see how good is to open account and if all it's so nice.😉
There are many such banks which are live. You can try and check them out. Try www.fvbank.us - they provide dedicated USD account numbers for non US individuals and companies.
I think you have not done your research properly.
I just googled them
https://www.google.com/search?q=FV+...VSjuYKHb0tCk8Q_AUoAXoECAIQAw&biw=1480&bih=770
Also I see people on Linkedin and also I see their name on puerto rico regulator list
I just googled them
https://www.google.com/search?q=FV+...VSjuYKHb0tCk8Q_AUoAXoECAIQAw&biw=1480&bih=770
Also I see people on Linkedin and also I see their name on puerto rico regulator list
Puerto Rican license say nothing to me, to be honest I will recommend to avoid Puerto Rican EMIs that doesn't have reviews or in case you want to use it, just deposit money you are ok to loose
but if you can use them just to receive USD and move your money to another bank into a different currency, do you believe there is a risk?
In an ever changing world a PR EMI is an interesting option.
If the fees are less than the regular PR banks and there is a good uptake then this option will work for many.
As always though it needs to work like an EMI, it needs to be quick and slick and not have the continual KYC processes that plague PR banks for every transaction that’s outgoing. Front end KYC is essential but not for every transaction.
If the fees are less than the regular PR banks and there is a good uptake then this option will work for many.
As always though it needs to work like an EMI, it needs to be quick and slick and not have the continual KYC processes that plague PR banks for every transaction that’s outgoing. Front end KYC is essential but not for every transaction.
i came through this website again however it's not launched yet . is there alternatives that offer debit cards (or worse prepaid cards )with us addresses to international clients ?
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