FREQUENTLY ASKED QUESTIONS
A LEADING GLOBAL BANK SUPPORTING CUSTOMER RELATIONSHIPS IN 150 COUNTRIES
FINTECH BANK has an efficient account application process: Submit Bank Account Application Forms online (personal visits to the Bank are always welcome but not required). All documents are submitted electronically, and no original documents are accepted.
The Bank serves a worldwide clientele, supports customer activities in more than 150 countries, offering customer deposits in 10 different currencies: USD, EUR, GBP, CHF, AUD, CAD, AED, JPY, SGD, HKG via SWIFT wires (SWIFT code: NIBTKNNE).
NO monthly or annual account maintenance fees, and NO minimum balance fees. The Bank opens 2 types of bank accounts: Business and Personal.
(1) Personal Account: There is no initial deposit, however, there is a fee of $200 for customer onboarding.
(2) Business Account: Applicable to all types of entities formed in many jurisdictions worldwide (Corporations, LLCs, LLPs, Foundations, Trusts, Partnerships, SPACs, etc.). All business account applications use the same business account application form. There is an onboarding fee of $2000 for this account.
Typically, the Bank opens customer bank accounts in less than 10 days . An approved customer is required to make the minimum initial deposit within 5 business days after an account is opened
Customer Acceptance Standard: The Bank follows customer acceptance compliance protocols through the Bank’s formal engagements with prominent third-party due diligence experts such as Kroll Inc., which is the world’s largest compliance adviser trusted by global banks and governments. FINTECH BANK pays service providers significant upfront fees to pre-qualify each prospective customer.
Banking with FINTECH BANK is efficient and transparent. Apply for a bank account.
The Bank Serves Some of the World’s Most Successful Families and Entities: FINTECH BANK’s customers are all types of sophisticated institutions such as corporations, foundations, trusts, LLCs, LLPs, etc. domiciled in many countries around the globe, as well as ultra-high-net-worth individuals and large family offices worldwide.
Why Bank with FINTECH BANK? The Bank’s customers seek efficient, modern, reliable, and hassle-free banking services offered by a strong and reputable global bank operating at the “speed of Wall Street” – with a high degree of credibility, efficient multi-currency wire payments to more than 150 countries worldwide, spotless regulatory compliance, and is located in Laban International Business Financial Centre which is totally committed to customer privacy.
Labuan is best known as a global financial centre and a tourist destination. The name Labuan derives from the Malay word “labuhan” meaning anchorage. Labuan Island (75 km²) and six other smaller islands (Pulau Burung, Pulau Daat, Pulau Kuraman, Pulau Papan, Pulau Rusukan Kecil, and Pulau Rusukan Besar) that, together with Labuan, have an area of 92 km². The islands lie 8 km off the coast of Borneo adjacent to the Malaysian state of Sabah and the independent State of Brunei Darussalam and are on the northern edge of Brunei Bay facing the South China Sea. Labuan is mainly flat and Bandar Labuan, formerly known as Victoria, is the major town and port and faces Brunei Bay.
Labuan was part of the Majapahit Empire until its collapse in the 14th century. Then, it was ruled by the Sultan of Brunei until 1846 when it was ceded to the British in that year. It was a strategic re-fueling station for British steamships and was subsequently established as a free port. Labuan was a British naval base used to fight the pirates in Brunei Bay and was also the only significant coal-mining center of the then British Empire in the Far East in 1987. The main town of the island was named Victoria, after Queen Victoria. During the Japanese occupation the island was renamed Maida Island. Labuan as part of Sabah, joined Malaysia in 1963, and was subsequently declared as Federal Territory in 1984.
FINTECH BANK has a pristine regulatory history certified annually by Grant Thornton. The Bank has never been the subject of any disciplinary action by any regulatory body in the world. The Bank adopts, applies, and follows KYC, AML, and other well-established international guidelines on client due diligence and acceptance protocols.
Banking with FINTECH BANK is simple: The Bank does not accept cash or checks. All bank wire transactions are conducted via SWIFT. The Bank currently serves customers in multiple currencies: USD, EUR, GBP, CHF, AUD, CAD, AED, JPY, SGD, HKD.
FINTECH BANK's wire transfer details are as follows:
Bank Name: FINTECH BANK
Address: Level 4 (J),
Main Office Tower, Financial Park Complex Labuan, Jalan Merdeka,
87000, Federal Territory of Labuan, Malaysia.
Bank SWIFT: NIBTKNNE
Making A Deposit: The Bank accepts incoming wires from around the world in more than 150 countries. In general, incoming wires take less than 2 business days to arrive at the Bank.
Making A Withdrawal: Outgoing wires, including third-party wire payments, can be self-directed online by customers through the Bank’s secure online portal. Bank officers may contact a customer for identity verification purposes. Outgoing wires can be processed within hours of customer request.
The Bank is in full compliance with all applicable local and international regulatory standards. The Bank performs extensive and continuing due diligence on all client engagements in conjunction with Kroll, the world’s largest regulatory compliance adviser trusted by leading global banks and governments worldwide.
Unparalleled Safety of Customer Deposits: All of the Bank’s customer deposits either remain in cash or are invested in sovereign bonds.
A No-Lending Policy, No Bad Loans: FINTECH BANK does not extend customer credit therefore the Bank has no loan book. FINTECH BANK’s customer deposits are never exposed to any credit risk. The Bank’s lending policy prohibits customer lending to ensure FINTECH BANK has a zero loan default rate.
Rigorous Regulatory Oversight: The Bank is subject to rigorous regulatory oversight by the government regulators and strictly adheres to high compliance standards. The Bank’s external auditor is Grant Thornton, one of the largest independent public accounting firms in the world.
These policies not only simplify the Bank’s balance sheet but also provide the utmost safety of customer deposits.
Yes. The Bank’s customers have direct and secure online access to their accounts 24/7. To protect customer privacy, the Bank does not send physical client communications or hold mail. A customer’s initial wire deposit automatically triggers online banking access.