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

Unbanked’s global bank accounts are now live and available for residents in over 200 countries and territories. 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}