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Overview

Description

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General Info

Address
752 Parisian Burgs Beerfort, ID 98843-0463
Phone number
Identification number
85469781
CEO
Trycia Prosacco
COB
Megane Barton
Email
mayert.gussie@prohaska.net
Full name
Watsica-West Inc
Name
Watsica-West
Number of ATMs
83977
Number of branches
47473
Social Media
SWIFT code
RWGHNZ9AP40
Year of foundation
1993

Overview

License type
Offshore Banking License, Trust and Company Service Providers, Wealth Management License
Authorities
CFTC, CONSOB, CySEC, FSCA
Regulators
BDL, FSPR, HKMA, OSFI
Country of registration
Bhutan
Business focus
Currency exchange, Deposits, Merchants
Card/Payment Scheme
American Express, Discover Financial Services, Rupay
International Transfers
SEPA, SEPA / SEPA Instant, CHAPS Transfers
Account Currency
NAD, PLN
AML Tolerance
Medium-High
Risk
High risk
Crypto-Friendly

Commissions
Medium-High
Mobile App
iOS, Android, Web, Api
Supported languages
Khmer, Uzbek

Area served

Africa
Algeria, Djibouti, Eritrea, Namibia
Asia
China, Saudi Arabia, Syria, Timor-Leste
Australia and Oceania
New Zealand, Tonga, Tuvalu
Europe
Denmark, Netherlands, Switzerland
North America
Antigua and Barbuda, Dominica, Grenada, Saint Lucia
South America
Argentina, Guyana, Paraguay, Suriname

Features

ATM support

Acquiring bank

Cryptocurrency exchange

Cryptopayments

Currency exchange

Expense Management Tools

International Transfers

Overdrafts

Personal Manager

Servicing of Individuals

Servicing of Legal entities

Products

CBDC

Cryptoprocessing

Investments

Loans - Car loans

Loans - Consumer loans

Loans - Microloans

Loans - Mortgage loans

Loans - Student loans

Payment Cards - CashbackCard

Payment Cards - Credit

Payment Cards - Crypto

Payment Cards - Debit

Payment Cards - Prepaid

Payment Cards - Travel

SEPA

SWIFT

Savings accounts

Staking

Time Deposits

Trading accounts

Pros & Cons

Pros

  • Zero Account Maintenance Fees. No monthly account maintenance fees (with no hidden conditions)

  • Extensive ATM Network. Large network of in-network or partner ATMs with free cash withdrawals

  • Fast International Transfers. Fast processing of international transfers (SWIFT, SEPA, etc.) with minimal delays

  • Multi-Currency Accounts. Ability to open and conveniently manage accounts in different currencies within a single dashboard

  • Remote Account Opening. Ability to open an account entirely online (including video verification) without visiting a branch. Crucial for non-residents

  • Direct Integration with Exchanges. Direct integration or partner gateways with popular crypto exchanges (fast and cheap deposits/withdrawals)

  • Instant Virtual Cards. Instant issuance of virtual cards right after opening an account or in just a few clicks

Cons

  • Expensive International Wire Transfers. High fixed fees or unfavorable exchange rates when sending or receiving international wire transfers

  • Strict Account Minimums. Requirement to maintain a high minimum account balance to avoid penalties or fees

  • Slow Customer Support Response. Slow customer support service, long response times in chats, or extended waiting times on the line

  • Low Interest Rates on Deposits. Extremely low, near-zero interest rates on deposits and savings accounts

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