Nodabank

[NativeLogos]

I got a cold email from Nodabank in Dominica and it looks like they have SWIFT and SEPA which is good but I haven't seen anything on OCT about them. Anyone have any experience with them?

 

[JohnLocke]

Sorry, what is a cold e-mail ?

 

[NativeLogos]

Sorry, what is a cold e-mail ?

It means they email business owners to pitch their product. Similar to cold calling but the email version.

Epico Finance has done so in the past as well and I found some chatter on here about it but haven't for Nodabank. Their solutions sounds up my alley for my clients' needs hence looking for info on them.

 

[Martin Everson]

"Our team will assess your business case and will get back to you as soon as possible with the price proposal"

Yup just keep walking and don't stop

 

[Sols]

Nodabank, more like say no to da bank.

I don't know anything about this bank except that it's in Dominica, which is enough of a red flag for me to run away. Can't remember seeing another jurisdiction with such poor oversight of its banks. Great place if you want to start a bank but lack both the competence and capital to start one in an actual financial center like US, UK, EU, HK, SG.

 

[Forester]

BTW, reputable banks usually do not send any cold e-mails to non-customers...

 

[NativeLogos]

BTW, reputable banks usually do not send any cold e-mails to non-customers...

Indeed, hence my initial suspicion.

And I wouldn't say all Dominica banks are bad. It's just that bad banks are more likely in Dominica due to the lax regulations as someone said. Given my unique needs, banks in jurisdictions like the US and EU will not accept my clients, so off-shore is essentially a must.

 

[JohnLocke]

A bank that spams people with emails they haven't requested is not a proper or serious bank.