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    Puerto Rico Digital Private Bank

    Description

    L#20230536

    This Puerto Rico Digital Private Bank is a privately-owned bank servicing individuals and commercial entities and is licensed and regulated by the Office of the Commissioner of Financial Institutions of Puerto Rico (OCIF) as an International Financial Entity.

    Puerto Rico is a self-governing, unincorporated territory of the USA with commonwealth status. It has its own constitution and authority over internal affairs.

    Banking products offered by this Digital Private Bank are subject to approval and are not available to Puerto Rican registered companies or individuals that are residents of Puerto Rico.

    For foreign currency transactions, an exchange fee will be applied on the total transaction amount. The final currency exchange rate is subject to change, based on the market rate on the date of transaction executed.

    Deposits are not insured by the Federal Deposit Insurance Corporation (FDIC).

    The bank provide accounts for both US and Non-US citizens, and legal structures from around the world.

    Puerto Rico does not have a central bank and relies on the US Federal Reserve System (the Fed), the US central bank, as its central regulatory institution. It does not maintain its own reserves. Puerto Rico does not apply central bank reporting requirements. Resident entities are permitted to hold fully convertible foreign currency bank accounts domestically and outside Puerto Rico. Non-resident entities are permitted to hold fully convertible domestic and foreign currency bank accounts within Puerto Rico.

     

    Keypoints

    • – Bank Account for Individuals (Demand Deposit Account $25,000) and Company / Entity (Demand Deposit Account: $100,000)
    • – US dollar Demand Deposit accounts for any of the following: Individual and joint accounts (include US and non-US), Corporate accounts (including US or overseas), LLC owned by a retirement account (IRA LLC) or trust retirement account (PSP / Solo 401(k)).
    • – This bank is considered as an US domestic bank with an ABA Routing Number.

     

    Service

    • Online Banking
    • Wire Transfers
    • Deposit

    Basic Details

    Target Price:

    $5,000,000

    Gross Revenue

    TBA

    EBITDA

    TBA

    Business ID:

    L#20230536

    Country

    Puerto Rico

    Detail

    Business ID:L#20230536
    Property Type:Banks
    Property Status:For Sale
    Target Price: $5,000,000
    Gross Revenue:TBA
    EBITDA:TBA
    Target Price / Revenue:5000000x
    Target Price / EBITDA:5000000x
    Reason for Selling:Retirement
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      This Puerto Rico Digital Private Bank is a privately-owned bank servicing individuals and commercial entities and is licensed and regulated by the Office of the Commissioner of Financial Institutions of Puerto Rico (OCIF) as an International Financial Entity.

      Puerto Rico is a self-governing, unincorporated territory of the USA with commonwealth status. It has its own constitution and authority over internal affairs.

      Banking products offered by this Digital Private Bank are subject to approval and are not available to Puerto Rican registered companies or individuals that are residents of Puerto Rico.

      For foreign currency transactions, an exchange fee will be applied on the total transaction amount. The final currency exchange rate is subject to change, based on the market rate on the date of transaction executed.

      Deposits are not insured by the Federal Deposit Insurance Corporation (FDIC).

      The bank provide accounts for both US and Non-US citizens, and legal structures from around the world.

      Puerto Rico does not have a central bank and relies on the US Federal Reserve System (the Fed), the US central bank, as its central regulatory institution. It does not maintain its own reserves. Puerto Rico does not apply central bank reporting requirements. Resident entities are permitted to hold fully convertible foreign currency bank accounts domestically and outside Puerto Rico. Non-resident entities are permitted to hold fully convertible domestic and foreign currency bank accounts within Puerto Rico.

       

      Keypoints

       

      Service

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