Simplifying Global Business Banking with Finvaro
Finvaro Banking is designed to empower businesses with seamless, secure, and innovative banking solutions. From facilitating international transactions to managing complex financial operations, our tools ensure efficiency and scalability. To make it easier for you to navigate our offerings, we've compiled answers to frequently asked questions about Finvaro Banking and its features. Dive into the details below to learn how Finvaro can meet your business needs.
Finvaro Banking FAQs
How Do You Calculate Your Fees?
Our fees for OTC and Crypto Settlement are based on historical volume. The more transactions you make, the lower your fees—rewarding businesses for their continued trust and activity.
Are There Minimum Fees?
No, we believe in flexibility and inclusivity. That’s why we have no minimum fees or monthly trading volume requirements. Whether you’re scaling up or just starting, Finvaro Banking is here to support you.
What Can I Use the Business Account For?
Your Finvaro Business Account functions like any other traditional account. You can send funds to third parties, pay suppliers, manage wages, and cover any other business expenses with ease.
Which Countries Can I Send Money To?
With Finvaro Banking, you can remit funds to over 150 countries, covering all major international economic hubs. We aim to make cross-border transactions as straightforward as possible.
Finvaro Visa Platinum Card FAQs
How Do You Process Purchases with the Visa Platinum Card?
Every transaction goes through a standard authorization process. Funds are placed on hold as a pending transaction in your card history. After about two business days, the transaction finalizes, with adjustments for any applicable foreign exchange rates and fees. An additional fee, as per our tariff, is posted separately, ensuring transparency.
How Do I Top Up My Visa Platinum Card?
Topping up your card is simple:
- Navigate to the Card section in the app.
- Select the card you want to add funds to.
- Click on the "Add Funds" button and follow the instructions.
Is There a Fee to Open a Card?
Currently, only virtual cards are available for order, and a card purchase fee applies. You can find all relevant fee details on our pricing page.
How Do I Freeze My Visa Platinum Card?
If you suspect fraudulent activity or lose your card, you can freeze it instantly by accessing the "Cards-Freeze" section in the app.
Can I Add My Visa Platinum Card to PayPal?
Yes, your Visa Platinum card can be linked to PayPal, enabling seamless transactions through their platform. Be mindful of PayPal’s terms and conditions in your jurisdiction.
Security and Transaction FAQs
What Causes Fraudulent Use of Cards, and What Should I Do?
Fraudulent activity often stems from compromised card information. If this occurs, freeze your card immediately and avoid sharing sensitive information with others.
Why Does My Payment Order Status Show as Pending?
A "Pending" status means the payment has been made but not yet settled. Typically, this process is completed within 24-48 hours.
What Are the Cash Withdrawal Limits at ATMs?
You can withdraw up to $20,000 daily and $100,000 monthly. Withdrawals are capped at 5 per day or 75 per month.
What Are the Limits for Large Expenses?
You can spend pre-funded amounts up to $250,000 without prior notice. For amounts exceeding this, notify your account manager to ensure smooth processing.
Country and Compliance
Which Countries Does Finvaro Not Operate In?
Unfortunately, Finvaro does not operate in certain regions due to regulatory or logistical constraints. These include Afghanistan, Albania, Armenia, Australia, Belarus, Bulgaria, Burkina Faso, Burundi, Cambodia, Cameroon, the Central African Republic, China, the Democratic Republic of Congo, the Republic of Congo, Cuba, Eritrea, Guinea-Bissau, Haiti, Iran, Iraq, Jamaica, Japan, Jordan, Kenya, North Korea, Lebanon, Liberia, Libya, Mali, Mozambique, Myanmar, Namibia, Nicaragua, Palau, the Russian Federation, Rwanda, Senegal, Sierra Leone, Singapore, Somalia, South Sudan, Sudan, Syria, Tanzania, Uganda, Ukraine, Venezuela, Yemen, and Zimbabwe. We are continually working to navigate regulatory challenges and expand our reach to serve more countries in the future.
Where Is My Bank Card Issued?
The Visa Platinum card is issued in Hong Kong and is fully functional worldwide wherever Visa is accepted.
Does KYC Verification Take a Long Time?
KYC verification typically takes 24-48 hours after submission. We appreciate your patience during this process.
Finvaro Banking is committed to empowering businesses with seamless, secure, and innovative solutions that make managing global operations effortless. From transparent fees to robust card features and worldwide accessibility, our platform is designed to meet the needs of modern businesses. While we currently have some regional limitations, we are dedicated to expanding our reach and enhancing our offerings to serve a broader audience. Stay informed about our latest updates and advancements by signing up for email updates, and let Finvaro be your trusted partner in global banking innovation.