NEW ACCOUNT GUIDE

Anonymous banking services since 2014

PrivatoBank.com

Rev. June 2019

Welcome to Privato Bank!

How to Access Your Account

To access your online account, navigate to
PrivatoBank.com and click the “Log-In” button
located here in the top right corner.

Getting Started

Add your account

currencies
Every Privato Bank account may
include a master account & savings
account in USD, GBP and EUR. To
add your desired currency, click
“Add Currency” here.
 About Your Online Account
This is the log-out
button.

These are your

account currencies.

These are your account

balances, by currency.

This is your This is how to contact

account number the AI-powered bank
teller. Use this for:
(1) deposits
(2) transfers
This is your account (3) withdrawals
transaction ledger. (4) debit card orders
(5) to ask a question

Meet Our A.I.

Privato Bank employs a highly-sophisticated artificially
intelligent bank teller system to collect your
transaction orders.

Every transaction should be initiated from here.

This includes: deposits, transfers (including to debit

cards), withdrawals, debit card orders and customer
support questions.

To complete a transaction, simply follow the prompts

and reply only with the information asked by the A.I.
teller. If you wish to restart your conversation, type
“start over”.
Understanding Your Debit Card
Your anonymous Visa debit card is actually
a pre-paid corporate expense card issued
on behalf of Privato Bank by our partner (a
licensed USA financial service company
called “Rosslyn Technology LLC”). This
makes it possible for your card to be 100%
anonymous. Only your account number will
be printed on your card and it will be
functional anywhere that accepts Visa.

Your debit card will arrive by mail. When

you receive it, follow the activation
instructions contained in the welcome letter.

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

Signature Point of Sale Transactions: Free

PIN-Based Point of Sale Transactions: Free

Cash Back at Participating Merchants: Free

Withdrawals & Balance Inquiries (US Bank ATMs) Free

Withdrawals & Balance Inquiries (Non US Bank) $2.50

Withdrawals at any ATM outside of USA $3.00

Teller Based Cash Advances $5.00

Online Banking Free

Telephone Banking Free

Text Message Alerts Free

Currency Exchange Conversion Fee 3.000%

 Frequently Asked Questions
What is anonymous banking?

Anonymous banking is the ability to deposit, withdraw, transfer and save money without providing Privato Bank
any personal identification information.

How is anonymous banking different from ‘normal banking’?

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.

Is anonymous banking legal?

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.

Will I get into trouble using Privato Bank?

Becoming a shareholder in an investment company as a result of making an investment (known as a deposit) is a

perfectly legal transaction. You are responsible for how you manage and utilize your funds.

How do you stop bad people from using Privato Bank?

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.

Why don’t you have any usual banking privacy notices?

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.

Where is Privato Bank located?

Privato Bank is incorporated in Panama and is protected under the highly secure Panama Private Interest
Foundation regulations.

Who owns Privato Bank?

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.

Is Privato Bank a FATCA or OECD bank?

Privato Bank is not a retail bank and is not subject to FATCA or OECD reporting requirements, nor is restrained
by regional requirements.

Who will be my main contact at Privato Bank?

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.

What will Privato Bank know about me?

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.

Does Privato Bank work with any governments?

We do not, under any circumstances.

Does Privato Bank have to turn anything over to governments?

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.

Is the website safe?

Yes.  Our website is protected by SSL encryption and is tested by our in-house IT team on a daily basis.

Does Privato Bank really not know my identity?

Yes, we really do not know, nor do we want to.

Are my deposits safe?

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.

Can Privato Bank be shut down or seized?

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.

What is your funds availability policy?

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.

What are the account fees?

Privato Bank anonymous accounts are free to open & maintain.  




Our Free Services Include:

Online Banking & AI Teller Services

Simple Savings Account
Outgoing Wire Transfer (account holder pays outgoing fees, if applicable)
Outgoing BACS Transfer (UK) (account holder pays outgoing fees, if applicable)
Outgoing SEPA Transfer (EU) (account holder pays outgoing fees, if applicable)
Outgoing ACH Transfer (USA) (account holder pays outgoing fees, if applicable)
Inter-Account Transfers
Intra-Account Transfers

Our Paid Services Include:

Deposit: 1.999% of amount + incoming fees (if applicable)

Withdrawal: 1.999% of amount + outgoing fees (if applicable)
Debit Card Print & Delivery: $10 USD per card one time (includes first month free)
Debit Card Monthly Maintenance Fee: $10 USD per card per month
Debit Card Re-issue: $10 USD per card
Transfers to Debit Card: 0.999% of amount

Where do I find online banking?

To view your online banking panel, visit https://privatobank.com and click the "Log-in" button in the top menu.

Is there a limit to the amount of money I can deposit or withdraw?

You can deposit or withdraw up to $100,000,000 USD per day.

Can I access my online account in any country?

Yes.

In which currency is my account reported?

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.

What is the customer service like?

Our customer service team replies to all inquires and transaction orders within 24 hours.

Can I open more than one account?

You can open and own as many accounts as you would like.

How old do I need to be to open an account?

You can open an account any time you want. We do not know your age.

How does Privato Bank make money?

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.

Why does Privato Bank manually process my transactions?

Electronic devices, automation software and API connections are among the tools that world governments use
to track and observe consumer behaviors and identities.   The only way to preserve your anonymity is for our
agents to manually conduct all transactions in a non-automated, offline 'analog' system.   We process all
transactions within 24 hours, but this may be difficult for new account holders to adjust to who are used to
instant transactions from a normal retail bank.  We want you to look at it this way: Privato Bank is the middleman
protecting your personal sovereignty.  To accomplish this, you must sacrifice instant electronic transactions with
slightly slower manual ones.  If you have a need for instant transactions and cannot afford to wait 24 hours for
fund availability, we recommend you to select a traditional digital financial institution.  However, if anonymity or
access to banking services that are not possible otherwise is your goal, please exercise patience and realize that
our process is reliable, secure, and one that simply requires a small amount of time for manual operation.

How do I order my debit card?

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.

Does my debit card cost anything to order?

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.

Where can I use the debit card?

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.

Can the debit card be used to retrieve cash from an ATM?

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.

What are my debit card limits?

See above.

How do I make a deposit?

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.

Are there minimum deposit requirements?

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.

Is there a limit to how much I may deposit in one day?

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.

Can I deposit cash?

Yes, we accept cash at locations in two cities: London & Montreal

Do I have to provide a source of funds statement?

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..

How do I make a withdrawal?

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.

Is there a limit to the amount I can withdraw?

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.

Do I have to provide the identity of the person making the withdrawal?

No.