Overview
FV Bank, at a glance.
FV Bank is an international bank headquartered in Puerto Rico, regulated by OCIF. Business accounts cost from $200 a month. Opening an account takes 3–5 days.
FV Bank International, Inc. is licensed as an international financial entity in Puerto Rico. No FDIC insurance is stated for account balances; custodied digital assets are held off the bank's balance sheet.
Why businesses pick FV Bank
- A US dollar business account for companies around the world, without a US presence
- Accepts fintech, crypto exchanges, digital-asset businesses, miners, stablecoin issuers and OTC desks
- ACH, Fedwire, SWIFT and SEPA, with payouts in ten foreign currencies
- Stablecoin deposits in USDC, PYUSD and USDT converted to dollars
- Virtual account numbers for collecting payments
- A Visa business debit card
Watch out for
- Business Plus costs $200 to open and $200 a month; Business Prime $750 and $750
- International wires cost $35 to $100; ACH through Lead Bank costs $15 to $150 by amount
- Currency conversion costs 0.75%
- No FDIC insurance is stated for balances
- Illegal gambling, pyramid schemes and money-order, cheque-cashing or currency-exchange businesses are not accepted
- Trustpilot score of 2.2 from 8 reviews
Business fit
Will FV Bank accept your business?
Four quick answers. Where your company is registered and what it does rule a provider in or out faster than anything else.
Based on FV Bank's published rules
Needs review
FV Bank works with SMEs and large enterprises, but does not publish the countries it accepts companies from.
FV Bank does not publish a minimum company age or turnover, so those two answers are not checked here.
This is one provider. Your profile checks all of them.
- Every provider that fits your business
- The reason behind each match
- Company age and turnover checked too
Who it works with
Accepted and not accepted.
What FV Bank publishes about the businesses it takes on.
Who FV Bank serves
- Crypto
- Financial institutions
- E-commerce
- Startups and SMEs
All 11 industries on FV Bank's accepted list
- SMEs and large enterprises
- Fintech and blockchain businesses
- Crypto exchanges
- CASPs/digital-asset businesses
- Liquidity providers
- Funds and asset managers
- OTC desks
- Miners
- Stablecoin issuers
- Family offices
- Online sellers, manufacturers and marketplace sellers
Not supported
Industries and countries FV Bank does not accept, from its own published lists.
Industries
- Illegal gambling/gaming and entry-fee prize activities, including casino, sports betting, horse/dog racing, lottery tickets, gambling facilitators, games of skill and sweepstakes
- Pyramid, Ponzi, matrix and get-rich-quick schemes
- Sale of items before seller control or possession
- Money laundering and terrorist financing
- Traveler’s checks or money orders as specified MSB activity
- Currency dealers/exchanges as specified MSB activity
- Check cashing as specified MSB activity
- Payments violating law, regulation, export controls or sanctions
Countries
- Not published
Coverage
Where can you use FV Bank?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
USD
- USD
Payouts in EUR, GBP, AED, SGD, HKD, CAD, JPY, ZAR, MXN and BRL; foreign-currency deposits are converted to US dollars.
Payment reach
Not published
Who can apply
Company incorporation countries
Not publishedOwner nationality
Not publishedOwner residency
Not publishedCompany types
Legal entities
Pricing
What does FV Bank cost?
Look beyond the monthly fee. Your total cost depends on how many transfers you make, where they go and how much you convert.
Account cost
Opening fee
From $200
depends on plan
Monthly fee
$200–750
depends on plan
Business Plus
Lowest cost$200 per month
$200 setup · $2,600 in year one
Business Prime
$750 per month
$750 setup · $9,750 in year one
Transaction fees
| Cost | Listed amount | How it is charged |
|---|---|---|
| Incoming | ||
| ACH / local USD | From $15 | Fixed fee · Through Lead Bank, up to $150 by amount; $5 through other partners for selected clients |
| From another FV Bank account | Free | No charge · FVNet, between FV Bank clients |
| Outgoing | ||
| SWIFT / international | From $35 | Fixed fee · Up to $100 by amount; US dollar wires to non-US banks $75 |
| ACH / local USD | From $15 | Fixed fee · Through Lead Bank, up to $150 by amount; $12 through other partners for selected clients |
| To another FV Bank account | $5 | Fixed fee · FVNet |
Other fees
Currency exchange (FX)
| Cost | Listed amount | How it is charged |
|---|---|---|
| FX markup | 0.75% | Percentage of the amount · Currency conversion and cross-border deposits; daily conversion markup of 0% to 2% depending on the currency |
Crypto
| Cost | Listed amount | How it is charged |
|---|---|---|
| On-ramp (fiat to crypto) | Not published | |
| Off-ramp (crypto to fiat) | Not published |
Onboarding
From application to live account.
Opening an account typically takes three to five business days.
- 1
Apply
Start the application online or through the sales team.
- 2
Company and people
Give the company's registration details, directors and owners.
- 3
Checks
Upload the documents requested and complete identity verification.
- 4
Account live
Once approved, the account is opened and you receive its details.
Documents you need
Not published
FAQ
Your questions, answered.
Is FV Bank a bank?
FV Bank International, Inc. is licensed as an international financial entity by Puerto Rico's Office of the Commissioner of Financial Institutions (OCIF), licence IFE-063. No FDIC insurance is stated for account balances.
How much does an FV Bank business account cost?
Business Plus costs $200 to open and $200 a month; Business Prime costs $750 to open and $750 a month. International wires cost $35 to $100, and currency conversion 0.75%.
Does FV Bank accept crypto companies?
Yes. It names crypto exchanges, digital-asset service providers, liquidity providers, OTC desks, miners and stablecoin issuers among its clients, and accepts stablecoin deposits.
Which currencies does FV Bank support?
Balances are held in US dollars. Payouts can be sent in EUR, GBP, AED, SGD, HKD, CAD, JPY, ZAR, MXN and BRL, and foreign-currency deposits are converted to dollars.
Alternatives
How FV Bank compares.
If FV Bank is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
 FV BankThis pageInternational bank |  | Crypto-friendlyUS dollar account |
 MercuryFintech company |  | US business accountNon-residents accepted |
 Hamilton Reserve BankInternational bank |   | Offshore banking12 currencies |
 BCB GroupPayment institution |   | Crypto-friendlyInstitutional |
 AirwallexE-money institution |   | Global accountsOnline businesses |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.