MSB Friendly Banks – well, sort of!
If you’ve been in the market for MSB Friendly Bank and have been disappointed for not being able to find any. Well, I might have a bit of good news for you.
Have you heard of Virtual IBANs? A virtual IBAN is like a pseudo bank account. It has all the things one needs, a Bank Account Number a Routing Number, etc.
IBANs are typically used outside of the United States. So if you’re looking for a Virtual IBAN, that is available in US Dollar, British Pound Sterling, and the Euro, this might be the solution you’re looking for.
Virtual IBANs are provided by something called a Payment Account. There is a small charge when you accept payment. Which is okay, considering someone is providing you with this service. A Virtual IBAN solution cannot take cash or cheques as a deposit. Everything coming into the account and going out is electronic.
You can do a SWIFT transfer to anywhere in the world and anyone from anywhere in the world can send money to your account.
Money Services Business who are looking for MSB Friendly Banks Account are welcome. So are crypto-coin businesses.