PortoRico Banks, The Best, The good and the Ugly

james David

Banned User
BANNED MEMBER
Entrepreneur
Dear All,
Today one company offered us a bank in PortoRico called FACEBANK.PR
Bank site look unprofessional. but they accept all around the world.

What do you know about banking system there? have you heard about this bank?


Regards
 

Milky Moon

Offshore Research & Development.
Business Angel
They are legit. Main focus is on Venezuela, Argentinia and Uruguay. (South America)

Look at the fees, they are not cheap. And they do have a working compliance department.
 

Martin Everson

Offshore Consultant
Business Angel
this info based on which source?
See below links for some of my sources including the PROMESA oversight board website :(.

Puerto Rico is BANKRUPT. Although Puerto Rico is prohibited from going through Chapter 9 of U.S Bankruptcy and has to go via PROMESA Act of 2016 to restructure their debt they are a 100% bankrupt territory of US. They cannot pay their debts or meet their obligations. Puerto Rico has been in a recession for 12 years and a fifth of the entire population have left Puerto Rico. Banks have also left the island and continue to do so.

I simply asked why you would consider banking in Puerto Rico? It is good for others to know what is influencing your choice. thu&¤#


Puerto Rico bankruptcy judge upholds oversight board powers over government | Reuters

Puerto Rico declares bankruptcy at last

The Financial Oversight and Management Board for Puerto Rico

Puerto Rico Banking Exodus below:

Terms of Service Violation
 

james David

Banned User
BANNED MEMBER
Entrepreneur
See below links for some of my sources including the PROMESA oversight board website :(.

Puerto Rico is BANKRUPT. Although Puerto Rico is prohibited from going through Chapter 9 of U.S Bankruptcy and has to go via PROMESA Act of 2016 to restructure their debt they are a 100% bankrupt territory of US. They cannot pay their debts or meet their obligations. Puerto Rico has been in a recession for 12 years and a fifth of the entire population have left Puerto Rico. Banks have also left the island and continue to do so.

I simply asked why you would consider banking in Puerto Rico? It is good for others to know what is influencing your choice. thu&¤#


Puerto Rico bankruptcy judge upholds oversight board powers over government | Reuters

Puerto Rico declares bankruptcy at last

The Financial Oversight and Management Board for Puerto Rico

Puerto Rico Banking Exodus below:

Terms of Service Violation
We dont another choices for Venezuelan people Sir. If you do, we will all ears.
 

Martin Everson

Offshore Consultant
Business Angel
We dont another choices for Venezuelan people Sir. If you do, we will all ears.
What is this now? That was not the topic of this thread. You now at a late stage introduce a new critically important fact that changes the whole topic of the original conversation.

Why did you not mention "Venezuelan people" from day one? You thought this was not important or something? :rolleyes:.

Start a new thread with a new title and perhaps someone will spot the subject line and will help you. thu&¤#
 
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