Making deposits using cheques or Cash
Business and Company Questions
General Questions
Is Euro Bancorp Ltd a bank?
No. But the Euro Bancorp Ltd is authorized by law to provide offshore banking
services with License no. 2176136 under the Companies Act 1993, as an
Offshore Finance Company , it isn't a registered bank so not regulated by
Reserve Bank of New Zealand, in order to provide a good services without
bureaucracy. Back
How do I know my money is secure?
All funds deposited with Euro Bancorp Ltd are held in top rated secure
banks.All Euro Bancorp Ltd correspondent Bank are government. Our primary banking partner
is ANZ National Bank Limited, which is a wholly-owned
subsidiary of Lloyds TSB, the largest bank group in United Kingdom. Deposits in our
primary banking partner in New Zealand are 100% guaranteed by the Government
Central Bank. Back
Does Euro Bancorp Ltd use my money to make loans?
No. Unlike a bank, Euro Bancorp Ltd is fee-based. This means that the
money you deposit with Euro Bancorp Ltd stays on deposit. The only customer
funds that go to third parties are for interest-bearing accounts - Euro
Bancorp Ltd invests those funds in government or bank securities in order to
pay the interest. Back
What is the advantage of your service?
Absolutely Fast and Anonymous Service!
The wires sent from Euro Bancorp Ltd to major banks are
received in about two business days and sending a payment is as simple as filling out an online form.
Euro Bancorp Ltd operates
under a New Zealand Charter but its records are administered from Offshore
Structures where the information are highly protected through our anonymous
companies managed from our lawyers.
With our system, we can assure that even the bank does
not know who you are.
Our unique random reference system allows wires to be sent to
and from your account through Euro Bancorp Ltd without outsiders knowing to
whom or from whom they are instructed. Back
What investments can I make through an account at Euro Bancorp Ltd?
Virtually any kind of investment you wish (subject to minimum investments of
€1,500). Contact us for offers available. Back
Do you provide loans?
Not generally. The only loans Euro Bancorp Ltd makes are back-to-back
loans that are at all times at least 110% secured by customer funds on
deposit. Back
What are your office hours?
Euro Bancorp Ltd offices are not open to the public. We are a web based company, so our Manager and Advisor are around the world.
We usualy receive in our London repesentative office only with appointment. Back
In what languages is customer service available?
Our Customer service is available on weekdays in English, French, Spanish and Italian by email. Back
Accounts & Transfers
What can I do from my online account access?
When you online account is fully approved and unrestricted, you can:
1. Send and received secure messages from Euro Bancorp Ltd.
2. Order outgoing wire transfers.
3. Advise Euro Bancorp Ltd of incoming wire transfers you are expecting.
4. Make transfers within your own accounts.
5. Make transfers to other Euro Bancorp Ltd Customers.
6. Load funds onto your Card or ATM card.
7. Transfer funds into an online trading account.
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Can I transfer those funds into Euro Bancorp Ltd on one day and then
transfer them out on the next day?
No. We don't open accounts of passage. They always hide money laundering or dirty matters.
If you are looking for this sort of account, we cannot help you.
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Can I transfer very large amounts into Euro Bancorp Ltd without problems?
Absolutely Yes. Among our partner banks we include those that will accept such
transfers with a minimum of paperwork. Please coordinate with the Euro
Bancorp Ltd Customer Accounts office so we can select the best place for
those funds. We have been able to accept upwards of US$/Euros 50 million in a
single transfer. Back
What happens if I forget to send an incoming wire online or leave out the
Intermediary Bank?
It is not absolutely necessary to include our intermediary bank
information in order for a wire to be received into your account. However,
if our intermediary bank is not used, wires can take a few days longer, the intermediary charges can be higher and
sometimes the wire transfer could be rejected. Back
How long do transfers take?
Normally two or three business days. Back
In which currencies does Euro Bancorp Ltd have accounts?
In Euros (EUR), US dollars (USD), British Pounds (GBP), Swiss Francs
(CHF), Australian Dollars (AUD), Japanese Yen (JPY) and Canadian Dollars
(CAD). Other major currencies can be added as required including Danish
Crowns (DKK), Norwegian Crowns (NOK), and Swedish Crowns (SKK). Up to one
week processing time may be required to set up accounts in new currencies. Back
Can I deposit cheques or make ACH deposits into my account at Euro
Bancorp Ltd?
Euro Bancorp Ltd accepts cheques from the US and EU for deposit, subject
to the conditions outlined in the section Making Deposits Using Cheques. ACH
deposit is NOT available at this time. Back
Can an individual person have an account with Euro Bancorp Ltd?
Yes. Individuals may open accounts with Euro Bancorp Ltd. For maximum
security and privacy, individuals are encouraged to open accounts through
business entities. If you don't have an offshore company and would like to
set one up, our trust company affiliate can provide one for you in as little
as one business day. Back
Can company, trust, foundation or other legal entity have an account with
Euro Bancorp Ltd?
Yes. All such entities, including trusts and foundations, may open
accounts with Euro Bancorp Ltd. Back
Can an unregistered common law trust have an account with Euro Bancorp
Ltd?
A: Yes. Back
Why is it better to have an account in a company name than in my own
name?
When you use a company offshore account your privacy has guaranteed 100%. In fact if you
send wires to an account in your own name, you clearly point to your
offshore holdings. Further, should a court ever be able to penetrate
secrecy laws and require our records, they will show you as the
company manager or director, not the owner—if the account is in your own
name, you are clearly the owner of the funds in it. Back
Is it possible to withdraw money from my account in cash?
Yes, there are two ways to do it. The easiest way is to use our
Card at an ATM machine. Larger amounts can be obtained at the counters
of our main banking partner, but prior notice is required. Back
Applying for an Account
How do I sign up for an account?
You can open your Account On-Line or Off-Line. It's up to you.
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How long will it take to open an account?
You can complete the online/offline registration in less than five minutes. Just try..
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What ID's do you accept?
The preferred ID documents are a passport and proof of residence. Other
government issued photo IDs can be acceptable, and several combinations of
documents will be accepted as proof of residence.
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How much does it cost to open an account with Euro Bancorp Ltd?
The fee to open an account with Euro Bancorp Ltd is US$100 while is absolutelly free if you send as first deposit at least US$10,000
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What are acceptable forms of payment for my account opening fee?
Users can pay directly through the website at time of registration with a
Credit Card for account opening and fees for company formation
or for our prepaid Card. Payments can be made via bank wire, Western
Union or Moneygram. You can also pay these fees by including them in your
initial deposit by bank wire.
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What is the minimum deposit required to open an account with Euro Bancorp
Ltd?
A: US$500 or the equivalent in another currency. If you wish, the account
opening fee can be deducted from this initial deposit. Accounts with
balances of less than US$500 or the equivalent in another currency will incur
a monthly fee of US$5 or the equivalent in another currency. BBack
What are the fees for accounts and other services from Euro Bancorp Ltd?
Click here to review the account fees.
Click here to review the Card fees.
Click here to review the current company fees.
Click here to review the current encrypted email and administrative services
fees.
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Can I have the certified copies of my identification and proof of
residency documents back after my account is opened?
No. We are required to retain them.
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Credit Card Payments
What is Euro Bancorp Ltd’s refund policy concerning account opening and
company formation fees paid by credit card?
Account opening fees will be refunded on client’s request within 30 days
of purchase. Company formation fees will not be eligible for refund except
in cases where Euro Bancorp Ltd has made an error in the formation of the
company. Card fees will not be eligible for a refund unless Euro
Bancorp Ltd has made an error in issuing the card.
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Why was my credit card declined?
The most common reason for a credit card being declined is that the
purchase price was too high to be accommodated by the daily or total limit
on the card being used. In most of these cases, the customer must use
another card or increase his authorised purchase amount by working directly
with his credit card company. Back
If I do not have an account with Euro Bancorp Ltd can I still obtain a
Card?
No. In order to be eligible for a card you
must also be a customer of Euro Bancorp Ltd.
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Can additional Cards be issued to one account?
Yes! When you apply for the card you have the option of requesting
additional cards on the same account. Back
What are the Purchase/Withdrawal limits on the Card?
There is a daily limit for cash withdrawals of Euro 1000, but there is NO
purchase limit. Back
How do I load money onto my Card?
For security purposes the first load after you receive your card must
come from one of your existing Euro Bancorp Ltd accounts using the Fund Card
option. Thereafter, you will also be able to wire funds directly onto Euro
Bancorp Ltd’s Card Loading Account with our banking partner.
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How long does it take to load funds onto my Card?
Generally it takes 7 business days for a bank wire to get either from
Euro Bancorp Ltd or from your bank to the Euro Bancorp Ltd Card Loading
Account with the card processor. Except for your first card load, you can
save time by sending the funds directly to the Euro Bancorp Ltd Card Loading
Account. Back
Once I order and pay for my Card how long does it take to arrive?
Once your payment and has been received and your application approved it
takes several days for printing and embossing. Once your card package is
ready you will receive your card in 3-4 weeks.
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My card was lost or stolen what should I do?
Complete instructions were in the package containing your card. If you
have lost those instructions, please contact Customer Service IMMEDIATELY.
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Interest Bearing Accounts
Does Euro Bancorp Ltd offer accounts that pay interest?
Yes. Back
Can I use my deposit as collateral for a loan from Euro Bancorp Ltd?
Funds on deposit with Euro Bancorp Ltd may be used as collateral for
loans of smaller amounts provided the funds are blocked until the entire
loan is repaid together with all interest and any penalties. Any loans made
are solely at Euro Bancorp Ltd’s discretion.
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Making deposits using cheques or Cash
Can I deposit funds into my account at Euro Bancorp Ltd using cheques?
Yes, Euro Bancorp Ltd generally accepts cheques for deposit if they are
issued from banks in the EU or United States. Other countries may be
considered on a case-by-case basis.
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Can I deposit funds into my account at Euro Bancorp Ltd using Cash?
Yes, the minimum is US$1000 or equivalent in other currencies. There will be
a fee of 5%. Contact our Customer services to ask more information.
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Can I pay for the account opening fee using a cheque?
No. Back
Is there a minimum amount that can be deposited by cheque?
Yes, the deposit is US$500.
Back
What must I do to qualify for making deposits by cheque?
You must first be an active fully approved customer.
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What is the procedure for making a cheque deposit?
Each cheque must be individually approved in advance BEFORE being sent to
Euro Bancorp Ltd for deposit. The approval process usually takes four
business days. To start the process you must provide some information on the
source of funds and a good quality scan of the cheque. If the cheque is
approved for deposit, you must send it to Euro Bancorp Ltd for deposit and
clearing. Back
How long does the cheque clearing process take?
Forty-five banking days. In any event, the funds will be available for your
use only after Euro Bancorp Ltd receives confirmation that the funds have
cleared. Back
Once a cheque has been pre-approved will Euro Bancorp Ltd give me access
to any part of the cheque deposit before the cheque clears?
No. Back
What happens if a cheque is returned by the issuing bank?
Your account is debited US$500. If a second cheque
is returned by any issuing bank, you will be charged US$1000 and you will not be able anymore to deposit checks.
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What is the deposit fee for a cheque deposit?
For most cheques it is 5%, but it may be as much as10%, depending upon
the issuer, country, amount, etc. The minimum fee is US$250.
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Business and Companies Questions
What bank wiring information should I put on an invoice that I send to my
customers so that they can pay directly to my Euro Bancorp Ltd account?
The following information must be put on your invoice in order for the
funds to reach your Euro Bancorp Ltd account.
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What jurisdictions do you use for offshore companies?
A: The main countries we use for offshore companies are Panama, Delaware and the
Seychelles. Back
Why did you choose these countries for offshore companies?
These countries offer bearer share companies and have strong privacy acts.
Neither country requires us to provide any customer information to the
government. Delaware is not on any offshore “black list” and can be
useful for many kinds of enterprises. Seychelles companies can be operated
in English or French. Panama companies are very attractive for our Spanish
speaking customers because they are legally operated in Spanish. Anyway we can offer bespoke solutions.
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Do you offer special companies or more advanced asset protection
structures?
Yes. These entities are provided through our affiliated trust company.
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Can a licensed offshore online gambling company have an account with Euro
Bancorp Ltd?
Yes. Euro Bancorp Ltd welcomes funds derived from any legal operation. We offer also Merchant Accounts.
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