MSB Friendly Banks

MSB Friendly Banks

Here is my updated listed of MSB Friendly Banks that I was able to draw up for USA, Canada, and Europe.

MSB Friendly Banks Europe

  • Philippine National Bank (PNB) Europe Plc
  • Raiffeisen Bank Intl Ag, Vienna, Austria
  • AO Raiffeisen Bank, Moscow, Russia
  • Raiffeisen Bank, Slovenia
  • Bank Meinl, Vienna, Austria
  • Baltikums Bank
  • Ceska Sporitelna, Czech Republic
  • CIMB Bank, Singapore
  • Bank of Communications, Hong Kong
  • DBS Bank Ltd, Hong Kong
  • Punjab National Bank, Hong Kong
  • Indian Overseas Bank, Hong Kong
  • LHV Pank (Estonia) (yes, they spell it Pank rather than Bank).
  • Atlas BankA, Montenegro

MSB Friendly Banks UK:

  • Clear Bank
  • Sterling Bank
  • Rails Banks

MSB Friendly Banks USA:

MSB Friendly Bank Canada

Bonus: Here is a list of banks, you might want to contact them to find out if they bank Money Services Businesses.

BEHIND THE HEADLINES: The Caribbean’s major financial crisis — NationNews Barbados — Local, Regional and International News nationnews.com

The situation in the Carribean with respect to having correspondent banks in the US to work with Carribean MTOs is going from bad to worse.

Hardly any MSB Friendly Banks are willing to take business from the Carribean, forcing a lot many MTOs to piggy back on the services of other providers, other currencies or exit the market altogether.

This is a great article (short read) that explains what is going on in the West Indies.

 

Source: BEHIND THE HEADLINES: The Caribbean’s major financial crisis — NationNews Barbados — Local, Regional and International News nationnews.com