By John's standards, Standard Reserve's Instant Anywhere debit card accounts
are reasonably priced, international, and backed by e-gold.
----- Original Message -----
From: "Destiny Worldwide Net" <[EMAIL PROTECTED]>
To: "e-gold Discussion" <[EMAIL PROTECTED]>
Cc: "e-gold Discussion digest" <[EMAIL PROTECTED]>
Sent: Thursday, June 28, 2001 4:53 PM
Subject: [e-gold-list] Re: Reply on Latvia
>
> ----- Original Message -----
> From: "Glencannon Group Ltd." <[EMAIL PROTECTED]>
> To: "Destiny Worldwide Net" <[EMAIL PROTECTED]>; "e-gold
Discussion"
> <[EMAIL PROTECTED]>
> Sent: Thursday, June 28, 2001 2:34 PM
> Subject: Re: [e-gold-list] Reply on Latvia
>
>
> > It is amazing to me how such an operation could lose money!!!!! The
> average
> > offshore bank charges frankly offensive fees to receive money, to send
> > money, to issue debit cards, to handle debit card transactions, and to
> > provide the most rudimentary of services. They usually give modest
> interest
> > rates, and should be able to turn around and make a huge profit on some
> very
> > basic investments on the money they hold. Also, they usually operate
from
> > areas where the cost of hiring "competent" employees is reasonable, and
> > other aspects of overhead are extremely manageable.
> >
> > How could you lose money with a deal like that?
>
> that's what I'd like to know, but apparantly Paritate and this other bank
> managed it. While Paritate has been shut down, this other bank in Costa
> Rica continues on its merry way. By the way, the name of this bank is
Banco
> Bantec, and whenever I name this, I usually get a tirade from the bank
> protesting that these are total lies because they monitor lists like this.
> Also, in case anyone is interested, another Costa Rican bank that issues
> international debit cards for customers outside the country is Banco Elca.
> I do not know the degree of the problem, or whether they will muddle
> through, but our attorney, who is very well connected, advised us not to
> keep any money there for the time being, which we did not do anyway. They
> had offered to issue cut rate offshore debit cards for us a year ago, but
we
> declined after our experience with Bantec and another bank here [which was
> also incompetent and in trouble] made us decide to look elsewhere for
debit
> cards. Since switching to the banks we deal with in Latvia, the fees are
> much higher to get the cards but the banks are reliable [no waiting two
> weeks for wire transfers and other monkey business] and do not make the
> mistakes so common here. we maintian accounts in Costa Rica, but we only
> deal with good banks and none of them are offering a debit card program.
>
> So, that is why when people talk about getting low cost debit cards, below
> $200.00 or so, I have to ask what kind of bank is behind it. Our
experience
> with the cheap banks has been cheap service and shaky banks.
>
> John
>
> http://www.offshorearnings.com
>
>
>
>
>
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