Opening accounts in financial institutions

Advapay Canada has developed a network of over 70 banking and payment partners of different profile and service lines, risk acceptance level and geography of operations. Our advantage over our competitors is a comprehensive understanding of banking and payment partners requirements and ability to make direct introductions to decision makers. We do not have any clients who were not able to open correspondent accounts and meet their business goals.

Problem that MSBs usually encounter, and which we successfully solve

The ease of registration as an MSB (Money Services Business) has its downside: many financial institutions initially approach MSBs with a degree of suspicion, carefully examining all documentation related to the company, including the business plan.

Our approach is such that we don't merely introduce our client's company to partners; we present it as we would to a potential venture investor. On one hand, we narrate the story of its potential, and on the other, we demonstrate very solid documentation regarding compliance and development plans.