Thats good information.Thank you my friendGood morning OP,
My personal experience was not great and I decided to not continue with onboarding.
The company is overall very shady and is owned, apparently, by two Vietnamese.
The board management is unknown a part from the CEO, Hung Anh Le and Vu Dai Duong, a director. Researching them on Google shows no results.
The registered address, Lvovo g. 25, Vilnius 09320, is only a virtual office. Therefore, we may conclude that they do not have any physical presence in Lithuania.
Since the very first approach, they press you a lot, through a "dedicated manager", to open a account. Which by the way come with an opening fee.
Three more things made me even more suspicious.
First, there are two identical websites: dsbcnet.com and dsbcf.com.
Second, as contact methods they offer Viber and Signal, which does not seem very professional for a payment institute.
Lastly, but the least, the two managers opened in 2018, a company in Cyprus WITH THE EXACT SAME NAME.
DSBC Financial Limited. This Cyprus company was opened using three nominee directors and a virtual office, Nicosia, 1060, Agias Elenis building 6, 4th floor, office 43.
To conclude and quote a previous post on the forum....
"DSBC financial Europe is not an EMI (Electronic Money Institution). They are a PI (Payment Institution). They are not themselves authorised to hold your funds and instead work with partner banks."
Compare for example DSBC with Paysera:
Licencijos informacija
Licencijos informacija
Hope to have been helpful.
I wish you a great day.
Granwasa
Hi Anyone has any idea on DSBC financial Europe .Are they legit?
I joined DSBC Financial Europe as new customer few months ago and have been extremely satisfied with their service. All the personnel in the DSBC Knowledgeable, Friendly, and have the genuine interest in their customers which I really appreciate. As I know that they every Customer have their Relationship manager- who in charge support their Customers. My experience with this Bank has been very pleasant!Are they legit?
OHHHH, You are Wrong. They asked me provide Ordinary valid passport ( at least 6 Months), Proof of address (Bank account statement or Utility Bills with dated not older than 3 Months), Taxpayer Identification Number. I provided Identity Card but they did not accept. They also don't accept Bank account statement which I provided from another Financial service as wellI forgot to add...
They also claim that both personal and corporate accounts, can receive SEPA and SWIFT third party payments.
For someone this could be heaven, but remember that to date, it does NOT exist a well established EMI that offers SWIFT to personal accounts.
LASTLY...
The account opening itself requires only ID scan + proof of address. This is a huge red flag.
In 2020 no serious financial institutions requires so little KYC.
Only Ibanera... Which is run by a known scammer.
Be safe out there.
Granwasa
I did recently research on them and came to identical conclusions.OP you should research deeper on your own.
OneIBC and DSBC are under the same owners.
Looking at OneIBC reviews, we may conclude that also DSBC is definitely to avoid.
I found them on google. I do have the same question about them. I didn't see much review from the customers. It hard to find a trusthy company in the market.Hi Anyone has any idea on DSBC financial Europe .Are they legit?
You can find them on their website, products and services. I had an experienc with DSBC few months ago when I was looking for somewhere that supports to open an account remotely. You will have someone who takes care of you and guides you until the end. Surely legit tho.Hi Anyone has any idea on DSBC financial Europe .Are they legit?
how many accounts did you opened here on OCT ? @Admin new account, first post a positive review about his company!!!!You can find them on their website, products and services. I had an experienc with DSBC few months ago when I was looking for somewhere that supports to open an account remotely. You will have someone who takes care of you and guides you until the end. Surely legit tho.
Well, I opened one account basically because I am one person. If you are interested in opening an account with them, give it a try.how many accounts did you opened here on OCT ? @Admin new account, first post a positive review about his company!!!!
I mean if you are curious whether it is legit, give it a try then.Well, I opened one account basically because I am one person. If you are interested in opening an account with them, give it a try.
folks stay away from this rip off!If you want to send a little money here and there, they may be fine, but no way would I trust this DSBC when they actively mislead you into thinking they are a bank.