Yes. Absolutely not to be recommended. I had an account with Paxum, without any high-risk transactions etc. only from my own accounts, then they closed my account again. I've been in the banking business for a long time and know the compliance requirements. For me it was just for no reason - I don't know why.
At Paxum Bank you basically don't get an answer to inquiries. So forget about the group and open an account somewhere else.
I don't know for PayDeck, but I recently tried to open account at Paxum.
They have 2 branches:
- PaxumBank.com that deals with US Corporations.
- Paxum.com for personal accounts and non US Corp
Since then, i also discovered PaxumLatam.com, which features the same site. But I don't know what is their target, as Paxum.com told me they were fine with me opening an account at Paxum.com while located in Chile...