MSB Friendly Banks - Faisal Khan

MSB Friendly Banks (USA)

I try to maintain a list of MSB Friendly Banks. If you know of a Bank (Federal, State, Community, Credit Union), that provides access to banking for Money Services Business, please get in touch with me and let me know.

Needless to say, banks keep changing their policies, so your mileage may vary.

Certainly, here’s the list of banks alphabetically:

Anchorage (https://www.anchorage.com) – Crypto Friendly Bank
Axos Bank (https://www.axosbank.com)
Bank of the Sierra (https://www.bankofthesierra.com)
BOK Financial (https://www.bokfinancial.com)
Citizens Bank of Edmond (https://mycitizens.bank)
City National Bank (https://www.cnb.com)
Community Federal Savings Bank (https://www.cfsb.com)
Crew Bank & Trust (https://www.crews.bank)
Cross River Bank (https://www.crossriver.com) – Currently under an FDIC Consent Order²
Evolve Bank (https://www.getevolved.com) – Careful/Be aware now that it seems they will NOT touch anything remotely international (for new applicants), and the rejection rate for new fintechs through their partners/program managers is facing a lot of rejections.
Fifth Third Bank (https://www.53.com)
Finwise Bank (https://www.finwise.bank)
First American Bank (https://www.firstambank.com)
First Century Bank (https://firstcenturybank.com)
First MidWest Bank (https://www.onemidwest.com)
Fortress Trust (https://fortresstrust.com) – will do B2B based MSB Banking and international wire services.
Kansas State Bank (https://www.ksstate.bank)
KeyBank (https://www.key.com)
Lead Bank (https://www.lead.bank) – Also fintech friendly bank
Main Street Bank (https://www.bankmainstreet.com)
Main Street Bank (https://mstreetbank.com)
Metropolitan Commercial Bank (https://mcbankny.com)¹
Mission National Bank (https://www.mnbsf.com)
Mission Valley Bank (https://www.missionvalleybank.com)
MVB Bank (https://mvbbanking.com)
M.Y. Safara Bank (https://www.mysafra.com)
Nizari Credit Union (https://www.nizaricu.org)
Old National Bank (https://www.oldnational.com)
Pathward (https://www.pathward.com)
PNC Bank (https://www.pnc.com/) – including cash management
~~Prime Trust Bank~~ (Put into Receivership)
Republic Bank of Chicago (https://republicebank.com)
~~Reserve Trust Bank~~ (License Revoked)
Rockland Trust (https://www.rocklandtrust.com)
Royal Business Bank (https://www.royalbusinessbankusa.com)
Silver Lake Bank (https://www.silverlakebank.com)
SouthState Bank (https://www.southstatebank.com)
Spectra Bank (https://www.spectra.bank)
State Bank (StateBnk) Texas (https://statebnk.com)
Stonegate Bank (https://stoneandcentral.com)
Surety Bank (https://www.mysuretybank.com)
Terrabank (https://www.terrabank.com/)
Torrey Pines Bank (https://www.westernalliancebancorporation.com/torrey-pines-bank) – The group has quite a few banks, you might want to check if the other banks are offering MSB-related services.
Unity Bank (https://www.unitybank.com)
WSFS Bank (https://www.wsfsbank.com)

Crypto-Friendly Banks

Arab Bank Switzerland Ltd. (Switzerland) (https://www.arabbank.ch) – Modernity Anchored in Tradition
Banca Zarattini & Co (Switzerland) (https://www.zarattinibank.ch/en) – Your private bank since 1887
Banco Bilbao Vizcaya Argentaria (BBVA) (Spain) (https://www.bbva.com/en) – The bank for a changing world
Bank Frick AG (Liechtenstein) (https://www.bankfrick.li/en) – The private bank for discerning clients
Bank Lombard Odier & Co (Switzerland) (https://www.lombardodier.com/) – We inspire and empower our clients to achieve their ambitions
Banque Cantonale Neuchâteloise (BCN) (Switzerland) (https://www.bcn.ch) – Your partner for all your banking needs
Banque Syz (Switzerland) (https://www.syzgroup.com/en) – Your global wealth partner
Berner Kantonalbank AG (Switzerland) (https://www.bekb.ch) – The leading universal bank in the canton of Bern
Bordier & Cie (Switzerland) (https://www.bordier.com) – Since 1844, the art of wealth management
Helvetische Bank AG (Switzerland) (https://www.helvetischebank.ch) – Your reliable partner for private banking
Hypothekarbank Lenzburg AG (Switzerland) (https://www.hbl.ch) – Your partner for mortgages and financing
InCore Bank AG (Switzerland) (https://www.incore.ch/en) – The bank for independent asset managers
ISP Group (Switzerland) (https://ispgroup.com) – Shaping the future of wealth management
Julius Baer International (Switzerland) (https://www.juliusbaer.com/international/en) – The leading Swiss private banking group
Kaleido Privatbank AG (Switzerland) (https://kaleidoprivatbank.ch) – Where tradition meets innovation
Maerki Baumann & Co. AG (Switzerland) (https://www.maerki-baumann.ch/en) – Committed to your future
NPB Neue Privat Bank AG (Switzerland) (https://www.npb-bank.ch/en) – Your private bank for generations
REYL & Cie (Switzerland) (https://www.reyl.com) – Independent Wealth Management. Global reach. Swiss heritage
Seba Bank (Rebranded to AMINA Bank AG) (Switzerland) (https://aminagroup.com) – Shaping the future of finance
Swissquote (Switzerland) (https://www.swissquote.com/en-ch/private) – Trading and beyond
Sygnum Bank AG (Switzerland) (https://www.sygnum.com) – Banking evolved
Union Bancaire Privée (Switzerland) (https://www.ubp.com/en) – The private bank of choice for discerning investors
Vontobel Hldg (Switzerland) (https://www.vontobel.com/en) – The Art of investing
VP Bank Ltd (Liechtenstein) (https://www.vpbank.com/en) – Where traditions meet tomorrow

Puerto Rico (IFC – International Financial Entity) Servicing Banks

FV Bank (https://www.fvbank.us/) – Based in PR, caters to Crypto and other high-risk industries. Also has a few MSB related accounts.
Quaint Oak Bank (https://www.quaintoak.com)
CBiBank (https://www.cbibank.com) – Caters to a lot of Chinese companies, but I believe (as I could be wrong here), they always seem to be having trouble with correspondent banking in the United States.

MSB Friendly Banks (Canada)

People’s Bank (https://www.peoplesbank.ca) – Not the easiest of people to work with, but they do open and have quite a few MSBs on board.
Digital Commerce Bank (https://www.dcbank.ca)
Toronto Dominion Bank, better known as TD Bank (https://www.td.com/ca/en/) – Again, not the easiest of people to work with, depending on whom you connect with.

Banking-as-a-Service (BaaS) & Developer Friendly Bank Providers

Bangor Bank (https://www.bangor.com/)
Evolve Bank (https://www.getevolved.com)
Column Bank (https://column.com/) – The developer infrastructure bank
Community Federal Savings Bank (https://www.cfsb.com) – Nice people, but of late, someone sprinkled a dash of arrogance onto them. Hope it evaporates.
Cross River Bank (https://www.crossriver.com)
Stearns Bank (https://www.stearnsbank.com)
Sutton Bank (https://www.suttonbank.com/) – Card Issuers

MSB Friendly Banks (International)

Bank Austria (UniCredit) (https://www.bankaustria.at)
Bank of Valletta (Malta) (https://www.bov.com/)
Crown Agents Bank (https://www.crownagentsbank.com) – UK Based – One of the most “unprofessional” organizations to work with when it comes to email communication. I honestly don’t what wtf is wrong with them.
Dukascopy Bank (https://www.dukascopy.bank/swiss/) – Switzerland Based. This is the website of their brokerage arm: (https://www.dukascopy.com).
EM Bank (European Merchants Bank) (https://em.bank) – Lithuania Based
iFAST Global Bank (https://www.ifastgb.com)
Indian Overseas Bank (Hong Kong) (https://www.iobhongkong.com)
LHV (https://www.lhv.ee/)
PNB (Philippines National Bank) Europe (https://www.pnb.com.ph/europe/)

MSB Friendly Institutions (Australia/New Zealand)

Flexewallet (https://flexewallet.novatti.com/) – it used to be independent, now part of Novatti. Heavy onboarding price.
Zepto (https://www.zepto.com.au/) – very economical, but they do not do crypto.

Non-Banking Financial Institutions

3S Money (https://3s.money) – KYB is excellent, however, many invoices are questioned.
Apaylo (Canada) (https://apaylo.com) – Be acutely aware of their payment details, it is mostly a miss, very few hits, meaning, when you provide instructions on how to receive money to your clients, it will be a hair-pulling experience.
Banking Circle (https://www.bankingcircle.com)
Harbour & Hills (https://www.harbourandhills.com) is based in Hong Kong. It is one of the best companies to work with. The person at the helm is an absolute gem. They are excellent, and I highly recommend them. They are China specialists.
FreemarketFX (https://www.wearefreemarket.com) – UK-based Authorized Payment Institution.
Raymond James (US) (https://www.raymondjames.com)

Caye International Bank (https://www.cayebank.bz)
Deltec Bank (https://www.deltecbank.com) – In the Bahamas, Crypto-Friendly
Keabank (https://keabank.com/) – Licensed with Fintrac Canada, and I think they have a Dominica license. Not a full-fledge bank charter I think.
Migom (https://migom.com) – Not a full-fledge bank charter I think.
The Kingdom Bank (https://www.thekingdombank.com/) – Commonwealth of Dominica
Vauban International Bank (https://vauban.online)

Banks that are no longer serving Fintechs

Blue Ridge Bank (https://www.mybrb.bank) – Consent Order⁴
Piermont Bank (https://www.piermontbank.com) – Consent Order³
Sutton Bank (https://www.suttonbank.com) – Consent Order³

Footnotes:

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This page was last updated on December 2, 2024.

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