CALAY Banking

[GF150]

Has anyone had any experience with CALAY Banking in Geneva ?
They promise a lot but it's unclear if they can keep what they promise and what it costs.
Any information shared would be welcome and much appreciated. TNX!

 

[JohnnyDoe]

“CALAY Banking™ is a trading name of CALAY LTD, a company registered in Seychelles under number 15222. CALAY LTD is not a bank, nor does it provide banking services”

Plus, there is nothing cool at all in having an address in Geneva. Avoid.

 

[GF150]

“CALAY Banking™ is a trading name of CALAY LTD, a company registered in Seychelles under number 15222. CALAY LTD is not a bank, nor does it provide banking services”

Plus, there is nothing cool at all in having an address in Geneva. Avoid.

Oh, thank you ! What you say definitely makes sense. I could have checked more carefully all that.
Didn't look fishy at first sight but, in truth, all traps are designed that way.... Best regards.

 

[diskoteka]

Oh, thank you ! What you say definitely makes sense. I could have checked more carefully all that.
Didn't look fishy at first sight but, in truth, all traps are designed that way.... Best regards.

It says on their website that they are not a bank and do not offer banking services. They are just intermediaries, if they can do anything at all).

 

[GF150]

It says on their website that they are not a bank and do not offer banking services. They are just intermediaries, if they can do anything at all).

Of course. You're right. They are certainly obliged to state that they aren't a bank. However they may be an EMI. People don't necessarily need a bank but, in this case, just a prepaid or debit card because some other FI offer accounts/IBAN but issue no cards. I didn't go much in detail but will never pay any fees prior to being successfully on-boarded. I think it's very harmful a practice that can beget a lot of scam schemes. And, of course, in the first place, calling themselves CALAY Banking and proudly showing an address in Geneva (not on the waterfront however ;-) ) stinks a bit - I agree with @JohnnyDoe therein.

 

[aniglo22]

Of course. You're right. They are certainly obliged to state that they aren't a bank. However they may be an EMI. People don't necessarily need a bank but, in this case, just a prepaid or debit card because some other FI offer accounts/IBAN but issue no cards. I didn't go much in detail but will never pay any fees prior to being successfully on-boarded. I think it's very harmful a practice that can beget a lot of scam schemes. And, of course, in the first place, calling themselves CALAY Banking and proudly showing an address in Geneva (not on the waterfront however ;-) ) stinks a bit - I agree with @JohnnyDoe therein.

CALAY Banking™ is a trading name of CALAY LTD, a company registered in Seychelles under number 15222. CALAY LTD is not a bank, nor does it provide banking services.

They are not an EMI.

CALAY LTD offers international bank/broker introductory services and account opening assistance, as well as corporate administration services

.

 

[GF150]

So, it's even worse. They just take money to "introduce" you. And you can take that both ways, if you see what I mean.......

 

[aniglo22]

So, it's even worse. They just take money to "introduce" you. And you can take that both ways, if you see what I mean.......

It depends , you will have slim chances at some banks without an introductory service . Especially if you are interested in "exotic" services which often require more compliance .