Frequently Asked Questions
1. Does this work with Paypal?
You can link your account to your PayPal account and verify
your account. You can transfer money FROM your PayPal account
to this bank account. With this US bank account, you can
now withdraw your PayPal money to this account and turn
it to real cash! After you transfer your PayPal money to
the bank account, you can easily withdraw the cash at over
17,000 ATMs worldwide using your VISA Platinum Debit Card
or you can make a wire transfer to your local bank account.
2. Is there a minium deposit?
We opened an account with no deposit. There is no minimum
balance after your account has been opened.
3. How about the account fees?
As long as your account stays active, there are now fees.
4. Do I need a US tax number?
No. NOT even your own country's tax number is needed.
5. How much can I withdraw per day?
You can withdraw up to $500 a day with your VISA debit
You can write a check in any amount (covered by your balance
You can wire transfer any amount (up to your balance) to
any other bank account in any country.
6. Do I need Bank reference letter?
No. A photocopy of your passport is all that's needed.
The photocopy does not need to be notarised or certified.
No credit check is done.
7. Will I receive account statements?
Yes. You can choose to receive electronic statements (PDF)
or printed statements.
8. Can I use my VISA debit card in any country?
Yes. You can use your VISA debit card at any ATM. You can
also use it wherever VISA is accepted.
9. Do I have to make a deposit to receive my VISA debit
Initial Deposit of $1,000 only. You can send a check or
wire transfer/PayPal your initial deposit after your account
is opened (after you received your account number). If you
do not make the $1,000 deposit, you won't be able to receive
the debit card. You do not need to make an initial deposit
if you do not want an ATM card. If you wish, you can operate
your account with wire transfers, etc. (fully functional)
until you want the ATM card and only then make the deposit.
10. Can anyone open an account?
Almost anyone can open an account. The only exceptions
are citizens of the following countries - Canada, Cuba,
Iran, Iraq, Libya, North Korea, Sudan, Liberia, Sierra Leone,
the UNITA faction in Angola, Syria and Burma (Myanmar).
11. Can I trust this bank with my money?
This is not a small town bank. It is a Very Large and Reputable
Company with branches all over the US. It is even listed
in the New York Stocks Exchange (NYSE) with market capitalization
of over 7 Billion!