Unbanked releases FDIC-insured bank accounts for customers in 200+ countries

Unbanked’s global bank accounts are now live and available for residents in over 200 countries. This means that it is now simpler than ever to open a crypto-friendly bank account that is FDIC insured and transfer money internationally in a fast, secure way.  International residents will get the security and flexibility of a traditional bank account with FDIC Insurance with the combined ability to seamlessly purchase cryptocurrencies like Bitcoin and Ethereum using the bank account balance.

Unbanked customers can now seamlessly purchase Bitcoin (BTC), Ethereum (ETH), and Ternio (TERN) utilizing their Bank Accounts — no hassles, quick and easy! Unlike other platforms that make you wait days or weeks for access to your cryptocurrency purchases, Unbanked offers near-instant settlement of the cryptocurrency purchases to your self-custodial wallet.  Your keys, your crypto.

Anyone who’s ever had to send money abroad between different banks will tell you what a hassle it is. Here are some examples of the problems you can run into transferring internationally and how an Unbanked global bank account solves them.

It Takes Forever

When you transfer money to someone, they usually need it as soon as possible. Traditional bank transfers can take weeks to process, and faster premium services come with premium price tags for the privilege.

Large Transfer and Foreign Exchange Fees

Depending on your provider, the fees can be huge. When sending $1,000 to the United States, the expenses range with some showing a difference of almost $90 from cheapest to most expensive.

Multiple Parties Involved

When sending money between different banks and across borders, a lot of people become involved which can cause errors in your transaction and an increase in fees.

Risk Involved

The risk of breaches is just another reason why international transfers can take so long. There are so many parties, custodians, and steps involved, and each step has the potential to become a point of vulnerability or failure.  Most banks also do not look kindly on cryptocurrency transactions and can shut down your account.

“We could not be more excited about expanding our features and functionalities to our current customers and individuals all over the world,” said Unbanked co-founder Ian Kane. “Expanding our footprint into the global market is just the first step toward reaching our goal of empowering crypto-enthusiasts everywhere to have more control of their currency and their banking experience.”

Cryptocurrency provides the fastest, safest, and most efficient way to transfer money between parties, and Unbanked’s Global Bank Accounts give you the ability to transfer money almost anywhere. But that’s not all– We’ll even aggregate prices from multiple exchanges so you can rest assured you’re getting the best possible price. Sign up today and start banking without borders!

United States Residents: https://unbanked.com/bank-account/united-states/
Non-United States Residents: https://unbanked.com/bank-account/international/ 

Here is the most recent list of countries that can begin the KYC process for the bank account.  Please note, this list of countries may change over time.

Afghanistan Congo Hungary Morocco Serbia
Åland Islands Congo, Democratic Republic of the Iceland Mozambique Seychelles
Albania Cook Islands India Myanmar Sierra Leone
Algeria Croatia Indonesia Namibia Singapore
American Samoa Curaçao Ireland Nauru Sint Maarten (Dutch part)
Andorra Cyprus Isle of Man Nepal Slovakia
Angola Czechia Israel Netherlands Slovenia
Anguilla Denmark Italy New Caledonia Solomon Islands
Antigua and Barbuda Djibouti Jamaica Nicaragua Somalia
Argentina Dominica Japan Niger South Africa
Armenia Ecuador Jersey Niue South Georgia and the South Sandwich Islands
Aruba Egypt Jordan Norfolk Island Spain
Australia El Salvador Kazakhstan Northern Mariana Islands Sri Lanka
Austria Equatorial Guinea Kenya North Macedonia Suriname
Azerbaijan Eritrea Kiribati Norway Svalbard and Jan Mayen
Bahamas Estonia Korea, Republic of Oman Switzerland
Bahrain Eswatini Kosovo Pakistan Taiwan, Province of China
Bangladesh Ethiopia Kuwait Palau Tajikistan
Barbados Falkland Islands (Malvinas) Lao People’s Democratic Republic Palestine, State of Tanzania, United Republic of
Belgium Faroe Islands Latvia Panama Thailand
Belize Fiji Lebanon Papua New Guinea Timor-Leste
Benin Finland Lesotho Paraguay Togo
Bermuda France Libya Peru Tokelau
Bhutan French Guiana Liechtenstein Philippines Tonga
Bonaire, Sint Eustatius and Saba French Polynesia Lithuania Pitcairn Trinidad and Tobago
Bosnia and Herzegovina French Southern Territories Luxembourg Poland Tunisia
Botswana Gabon Macao Portugal Turkey
Bouvet Island Gambia Madagascar Puerto Rico Turkmenistan
Brazil Georgia Malawi Qatar Turks and Caicos Islands
British Indian Ocean Territory Germany Malaysia Réunion Tuvalu
Brunei Darussalam Ghana Maldives Romania Uganda
Bulgaria Gibraltar Mali Russian Federation United Arab Emirates
Burkina Faso Greece Malta Rwanda United Kingdom of Great Britain and Northern Ireland
Burundi Greenland Marshall Islands Saint Barthélemy United States Minor Outlying Islands
Cabo Verde Grenada Martinique Saint Helena, Ascension and Tristan da Cunha United States of America
Cambodia Guadeloupe Mauritania Saint Kitts and Nevis Uruguay
Cameroon Guam Mauritius Saint Lucia Uzbekistan
Canada Guatemala Mayotte Saint Martin (French part) Vanuatu
Cayman Islands Guernsey Mexico Saint Pierre and Miquelon Venezuela (Bolivarian Republic of)
Central African Republic Guinea Micronesia (Federated States of) Saint Vincent and the Grenadines Viet Nam
Chad Guinea-Bissau Moldova, Republic of Samoa Virgin Islands (British)
China Guyana Monaco San Marino Virgin Islands (U.S.)
Cocos (Keeling) Islands Haiti Mongolia Sao Tome and Principe Wallis and Futuna
Colombia Heard Island and McDonald Islands Montenegro Saudi Arabia Western Sahara
Comoros Hong Kong Montserrat Senegal Yemen

*FDIC Insured bank account provided by partner bank and not Unbanked.com

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