Tag: banking

If we are doing a balance check, do we also need to do a bank account verification? I think the balance check may be sufficient. Please advise.

Do aggregators have to be approved and if so, how long does that take?

For your one-time consultation (referral) fee could we ask you for a break on it?

What due diligence will need to be completed on our end?

Why do we have to pay you (Faisal Khan, LLC) the monthly fees for banking and why not the bank?

Would a US Bank Account (Nostro) via Fedwire be held in a foreign country? Would that be classified as Nostro accounts?

Is it possible to get the interbank (mid-market rate)?

Do you provide access to banking for Remittance-as-a-Service (RaaS)?

We want to expand untapped corridors where correspondence arrangements are needed and are not available. Would we be allowed to make a correspondence arrangement with Banks in that territory?

We want to acquire an MSB Checking account, can you recommend a bank which understands how to partner with money transfer related businesses?

As a fresh startup, what is the probability of being sponsored by a bank or an exchange company?

Is banking for Bitcoin ATM business done through direct bank relationships or an intermediary?

Will the bank account for my Bitcoin ATM business be able to accept deposits via armored carriers?

We have already started to sign up clients for our B2C (Business to Consumer), for bank to bank transfers. Can you recommend other solution providers for this use case?

Does the Bank Account Verification also include ID verification?

How long does it take to transfer the money to the bank?

Other than the receipt, are there other methods to see whether cash was deposited into the gift card or not?

Will the bank provide us with an API?

Will I be offered a bank account or sub ledgers by the bank to store the money before it is transferred?

Have you successfully brokered MSB accounts in 2020, and are they now banked?

How are you able to keep up with the internal policy changes of the banks you work with?

How long does it take to transfer the money from a gift card to our bank account?

Is it possible for you to hold the funds in case I want to get them transferred to a different account?

Are there any restrictions on MSB licenses that we should know about?

What is the consultation and facilitation fees offered by your company?

How do BIN Partnerships differ from what MSB will provide us?