SATABANK someone tried

[clemens]

Who says they are stopping operation, are you unable to read French or English:

We are building a new mobile app which will be available in selected markets in 2020. Due to the ongoing development of the new app, Ferratum Bank will no longer offer banking services with the current Mobile Bank app starting from 22nd of June, 2020.

They switch the platform that's all they don't stop operating or close the bank

 

[express]

Well, they close the accounts, what they promise next is another thing I'm not so sure to involve my cash in ..

 

[Martin Everson]

That's a very odd thing that Ferratum is saying. They say they are building a new app and hence have to close all accounts and basically stop all mobile banking services while they do this .

I have posted below what was written in that link in case it breaks.

Dear customer,

We are closing Ferratum Mobile Bank app on 22nd of June, 2020.

We are building a new mobile app which will be available in selected markets in 2020. Due to the ongoing development of the new app, Ferratum Bank will no longer offer banking services with the current Mobile Bank app starting from 22nd of June, 2020.

Unfortunately, this means that on 22nd of June, 2020 your Ferratum Bank account will be closed and you will no longer have access to your account.

To move your funds and save bank statements, please take the following steps:

Transfer your funds from your Ferratum mobile bank account to another bank account in your name. Transfer out all your remaining funds as from 22nd of June, 2020 the app and access to funds will no longer be available.
Download your bank statements, they are available in-app for you to download
If you wish to receive Statement of Fee, please contact our customer service at [email protected].

Term deposit, savings account and your Ferratum Bank Mastercard debit card:

As per today, it is not possible to open any new fixed term deposit or savings account.
By 1st of June 2020 the fixed term deposits and savings accounts that you may have opened with us, will be closed and all the available balances will be transferred to your main Ferratum Bank account. Remember that your available bank account balance needs to be transferred out of your Ferratum Bank account to another bank account in your name.
If your fixed term deposit will terminate earlier than the agreed term, the deposit will be considered as matured and the accrued interest will be paid to you.
Interests accrued on your savings accounts will be credited to your main Ferratum Bank account by 1st of June 2020.
All physical and virtual debit cards will stop working on the 1st of June 2020.

We apologize for any inconvenience that this may cause you and thank you for being our customer.

If you have any questions, please contact our customer service at +356 203 415 33 / [email protected].

Best regards,

Ferratum Mobile Bank team

 

[Silvio]

That's a very odd thing that Ferratum is saying. They say they are building a new app and hence have to close all accounts and basically stop all mobile banking services while they do this .

I have posted below what was written in that link in case it breaks.

Insane email

 

[express]

I think they plan to use current bank architecture and technical , and change the name (because of some grey history in 2018). They will close and reopen on new brand (same cto?)

 

[Martin Everson]

I think they plan to use current bank architecture and technical , and change the name (because of some grey history in 2018). They will close and reopen on new brand (same cto?)

You mean they are doing the ground work to sell their banking license indirectly . Probably some crypto company in Malta is buying it and existing business does not fit in with their plans so all customers must go under this BS excuse....lol. We will soon know if they move away from Ferratum group association .