Someone know Zenus?

[djon3334]

Hello. Puerto Rican Banks exchange information with other countries on CRS ?

 

[royalflush]

Zenus is live, I just got an invite from the waitlist. There are fees:

• $50 non-refundable application fee
• $50 monthly fee
• $15 ACH payments
• $25 wire payments

I have not made any payments yet.

Incoming funds must be sent to a pooled account:

Intermediary Bank

• Legal name: The Bank of New York Mellon
• Swift: IRVTUS3N
• ABA/Routing number: 021000018
• Address: 1 Wall Street, New York, NY 10286

For Credit to / Recipient

• Legal name: Custom House Financial
• Account number: 8901309192
• Address: 12 Appold Street, London, EC2A 2AW
  United Kingdom

For Further Credit to

• Legal name: Zenus Bank
• Account number: 52240LA
• Address: 252 Ponce de Leon, San Juan, PR, 00918

PITA

 

[bigladsmith]

Looks like an interesting bank, fees are what’s I’d call sensible when you look at the fees of the other PR banks.

I’m not sure however on the route any funds would take looking at the above. How does CRS work if funds are passing through USA and UK to reach PR?

 

[GlobalConsult]

Payments very complicated. You can't expect any customer to use this data.

 

[clemens]

Payments very complicated. You can't expect any customer to use this data.

what do you mean by that, can you explain ?

Zenus is live, I just got an invite from the waitlist. There are fees:

• $50 non-refundable application fee
• $50 monthly fee
• $15 ACH payments
• $25 wire payments

I have not made any payments yet.

Incoming funds must be sent to a pooled account:

Intermediary Bank

• Legal name: The Bank of New York Mellon
• Swift: IRVTUS3N
• ABA/Routing number: 021000018
• Address: 1 Wall Street, New York, NY 10286

For Credit to / Recipient

• Legal name: Custom House Financial
• Account number: 8901309192
• Address: 12 Appold Street, London, EC2A 2AW
  United Kingdom

For Further Credit to

• Legal name: Zenus Bank
• Account number: 52240LA
• Address: 252 Ponce de Leon, San Juan, PR, 00918

PITA

did you start using them ?

 

[royalflush]

I made one trial deposit and withdrawal.

The pay in details are complicated due to FFC requirements and wire-only.

 

[JohnnyDoe]

I use Zenus, it works well for me. No problems with money in and out.

Only annoyance is that you can’t use a VPN and location must be turned on on your device.

 

[uplana]

Zenus is live, I just got an invite from the waitlist. There are fees:

• $50 non-refundable application fee
• $50 monthly fee
• $15 ACH payments
• $25 wire payments

I have not made any payments yet.

Incoming funds must be sent to a pooled account:

Intermediary Bank

• Legal name: The Bank of New York Mellon
• Swift: IRVTUS3N
• ABA/Routing number: 021000018
• Address: 1 Wall Street, New York, NY 10286

For Credit to / Recipient

• Legal name: Custom House Financial
• Account number: 8901309192
• Address: 12 Appold Street, London, EC2A 2AW
  United Kingdom

For Further Credit to

• Legal name: Zenus Bank
• Account number: 52240LA
• Address: 252 Ponce de Leon, San Juan, PR, 00918

PITA

hos is it going for you with this EMI ?

 

[royalflush]

See two posts above.

I made one trial deposit and withdrawal.

The pay in details are complicated due to FFC requirements and wire-only.

 

[JohnnyDoe]

hos is it going for you with this EMI ?

No problem at all with Zenus and they even refunded the $50 application fee

 

[bountymounty]

No problem at all with Zenus and they even refunded the $50 application fee

WoW they are wroth to have a look into - what about CRS any chance they report or inform the tax man other way?

 

[extremedox101]

finally launched.
is it safe so far ? are the cards seen as US cards when making online purchases .how complicated/ simple the kyc procedure ?

 

[JohnnyDoe]

No problems so far. KYC was easy. A few extra questions about source of funds when money came in, but all very reasonable and no frozen funds.

 

[bountymounty]

thanks for the update, much appreciated.

 

[OffshorePhantom]

Hello, when you send funds from Zenus to another bank do they result as sent from your account name, or do they use an intermediary like "Custom House Financial" as like when you send funds?

 

[lory]

Hello, when you send funds from Zenus to another bank do they result as sent from your account name, or do they use an intermediary like "Custom House Financial" as like when you send funds?

interesting question, will follow this thread!

 

[12345]

Hi does anyone know if I open account with such bank and get virtual or physical debit card will it have US billing address on it?
I want to use the card to make online payments in US stores like walmart, target, my european card is getting declined there
I tried to call them or email but no reply, phone number doesn't work

 

[JohnnyDoe]

Hi does anyone know if I open account with such bank and get virtual or physical debit card will it have US billing address on it?
I want to use the card to make online payments in US stores like walmart, target, my european card is getting declined there
I tried to call them or email but no reply, phone number doesn't work

I gave them a virtual office US address, no problem at all.

Btw, they started to ask questions about outcoming wires. Maybe because I sent money to the Bahamas, I don’t know. Anyway after a few papers and photos they were satisfied (I purchased some building materials).

 

[12345]

I gave them a virtual office US address, no problem at all.

Nice thanks so didnt require utility bill or any docs?

 

[JohnnyDoe]

Nice thanks so didnt require utility bill or any docs?

No they didn’t. The virtual office address corresponds to the company’s registered address though.