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Getting Started
To add funds to a debit card, use the AI-powered bank teller to order a transfer.
Please note that due to international currency markets being closed, debit card
transfers ordered during a weekend post on Monday morning.
All debit cards have their own online management panel, which is provided by
Visa. When you order your card, we will send you access instructions to this panel
by e-mail.
Your debit card is fully functional using PIN purchases, contactless payments and
all online transactions. You are not required to provide KYC (personal ID)
documents to receive and use your debit card.
Debit Card Fees
Monthly Account Maintenance Fee: $10.00 USD per month
Anonymous banking is the ability to deposit, withdraw, transfer and save money without providing Privato Bank
any personal identification information.
Anonymous banking is not banking in a traditional sense. Instead of becoming a customer of a retail bank,
Privato Bank account holders become shareholders of our private interest foundation. Why is our system
designed this way? For two important reasons: (1) it allows you to be identified to us only as an account number.
This means we do not need your name, address or any other traditional KYC personal data; and (2) it allows us to
provide deposit, withdrawal, transfer and savings services, just like a retail bank, but without being required to
reveal our account holders' identities.
How is this possible? The system is simple: when you open an account, behind the scenes the transaction is
recorded as a bearer share purchase. When you make a deposit, we adjust the value of your ownership stake on
paper. Your cash remains liquid to you, as it is now represented by bearer shares. Similarly, when you withdraw
funds, behind the scenes the transaction is recorded as a bearer share sale. When you transfer funds between
Privato Bank accounts, it simply is a bearer share transfer.
The only other major difference between Privato Bank and a 'normal bank' is that we do not operate any
branches or physical offices.
Yes. The Privato Bank system operates on the bearer shares model, which is internationally recognized and legal.
Individual account holders are subject to the laws of their home jurisdiction, which is your own responsibility.
Because you are anonymous to us, we do not provide any information to any authority, agency or government
on earth for any reason.
We believe that banks are not effective or reliable policing agencies. There are more than 30,000 law enforcement
agencies around the world. Banks, their shareholders and their Boards of Directors are not trained as, nor do
they accept the responsibility of being a law enforcement officer. We cannot accurately, effectively or morally
identify who is "good" and who is "bad." Instead, we leave it up to local law enforcement. Just as a petroleum
station attendant isn't responsible for your actions behind the wheel, we, as your financial services provider, are
not responsible for how you earn or spend.
How can you guarantee complete anonymity?
We never collect any personal information about you. We simply do not know who you are, making it impossible
to violate your anonymity. You don't have to take our word for it.
Because you are anonymous to us, you have total privacy. Banking privacy policies are a bank's promise to its
customers that it won't act irresponsibly with your personal data. (how's that working out for you?) You don't have
to trust us, as we do not even have the data in the first place.
Privato Bank is incorporated in Panama and is protected under the highly secure Panama Private Interest
Foundation regulations.
Because we are not required to do so, we do not publicly disclose the ownership of Privato Bank. This
information is known to the Panamanian regulators, but is not a matter of public record. Our functions are
compartmentalized to protect our institutional security. We have private offices to service customer support,
new client on-boarding, savings products, debit card printing and marketing.
Privato Bank is not a retail bank and is not subject to FATCA or OECD reporting requirements, nor is restrained
by regional requirements.
Our customer support team functions as a single unit. When you contact our team, you will receive a response
that is consistent in quality and content, no matter the agent who replies. Each of your contact records are
visible to our support team, meaning that dozens of agents can provide you support at any time. The
advantage to you is that you can receive individualized support any day of the year without waiting on a specific
contact to be present in the office.
For each account Privato Bank keeps only three ID records: (1) your e-mail address, (2) your online banking
username and (3) your online banking password. We do not require or request any personal ID information.
Privato Bank submits an annual audit report to the government of Panama one time per year. This report
includes our share registrar which only identifies you as your account number. We do not make any other report
or share information with any other government, as this information simply doesn't exist in our records.
Yes. Our website is protected by SSL encryption and is tested by our in-house IT team on a daily basis.
Your money is fully insured and registered with a licensed investment service company. We could not stay in
business and maintain our license if we misused client funds. For this reason, you are protected. Furthermore,
Privato Bank does not make loans or conduct fractional reserve banking. Your funds never are put at risk and
never leave our custody.
A PPIF can only be shut down or seized if its direct business activities involve the engagement of crime or
terrorism. Our only business activity is to provide financial services to our clients. Each client assumes his or
her own risk for their conduct & activities, therefore we are only at risk if we deviate from our business function.
We do not do this for any reason, especially as we make no loans or outside investments. Just as PayPal or
Western Union are not culpable for their respective clients’ actions, we are not culpable beyond being a
remittance service.
For determining the availability of your deposits and withdrawals, every day is a business day, including
Saturdays, Sundays, international holidays, federal holidays and legal banking holidays.
• Fiat Deposits. Deposits made with fiat currency by means of bank wire transfer, BACS payment, SEPA
payment or cash will be available within a maximum of 24 hours.
• Bitcoin Deposits. Deposits made with Bitcoin will be available within a maximum of 24 hours.
• Transfers To Debit Card. Funds to be credited to your debit card will be available within a maximum of 24
hours.
• Transfers To Savings Account. Funds to be credited to your savings account will be available within a
maximum of 24 hours.
• Transfers From Savings Account. Funds to be credited to your master account from your savings account
will be available within a maximum of 72 hours.
• Fiat Withdrawals. Withdrawals made from your master account in fiat currency shall be transmitted within a
maximum of 72 hours.
• Bitcoin Withdrawals. Withdrawals made from your master account in Bitcoin shall be transmitted within a
maximum of 72 hours.
To view your online banking panel, visit https://privatobank.com and click the "Log-in" button in the top menu.
Yes.
You may choose any of these currencies during your account opening: USD, GBP or EUR. Debit cards are
available in the same currencies.
Is there anything I can’t do with my account?
You cannot create automatic payments or bill pay directly from your account. This feature is prone to online
attack and can compromise your identity. All withdrawal requests are done manually. We suggest you maintain a
'normal bank account' for daily expenses.
Our customer service team replies to all inquires and transaction orders within 24 hours.
You can open and own as many accounts as you would like.
You can open an account any time you want. We do not know your age.
Privato Bank earns money in the following ways: (1) a small mark-up of the debit card printing fee; (2) a small
mark-up of the debit card monthly fee; and (3) deposit and withdrawal fees.
After you've opened your Privato Bank free anonymous account, you can order as many debit cards as you want.
To do so, log in to your account and use the AI-powered live teller to complete your order. If you do not have $10
USD in your combined account balances, we will not issue your card.
For every new debit card ordered, we will deduct $10 USD from your account. This price includes the cost of
printing and shipping your card anywhere in the world (with tracking). As long as your debit card is active we will
deduct $10 USD from your account each month after the first. If your account balance drops below this amount,
your card will be canceled.
If I have to provide an address to receive my card, won’t you know who I
am?
While we do not store shipping records, you are correct. We recommend setting up a post office box or using a
mail forwarding service.
Your debit card will work at more than 100,000,000 merchants and 10,000,000 ATM’s in 180+ countries who accept
Visa credit cards.
Yes, your debit card will work in any ATM. You may be charged a processing fee of up to 2.9% depending on your
geographic location and the operator of the ATM. Privato Bank, however, does not charge any fees on debit
card usage or ATM withdrawals.
See above.
You can deposit 59 currencies, including Bitcoin. We accept deposits by many methods, including credit and
debit cards. To make a deposit, use the AI-powered live teller from your online account.
There are none. You will receive your free anonymous account without a deposit. You can deposit as little or
much as you want from that point. Accounts that aren't funded within 30 days will close automatically.
You can deposit up to $10,000,000 USD per day in fiat currency. Cryptocurrency deposits that exceed $250,000
USD in value are accepted & will be coordinated with our treasury department in order to achieve the best
possible exchange price. This may require up to five business days, depending on the deposit amount & market
liquidity.
Please note, however, that certain deposits may trigger a security hold at one of our correspondent banks for up
to 10 business days. Although this is rare, if it occurs, we will notify you by e-mail and will provide regular detailed
follow-up. Please understand that this scenario is out of Privato Bank's control. Your patience is expected and
appreciated..
You can withdraw funds from your master account in one of several ways: (1) bank wire transfer, (2) BACS transfer,
(3) SEPA transfer, (4) PayPal, and (5) Bitcoin. To make a withdrawal, use the AI-powered bank teller from your online
control panel.
You may withdraw up to $10,000,000 USD per day in fiat currency. If you intend to withdraw more than $250,000 in
cryptocurrency, our treasury department will work with you to obtain the best possible price. This may require
up to five days depending on your withdrawal amount & market liquidity.
No.