# Zenus Bank: Commercial USD account

> A Puerto Rico bank that opens US dollar business accounts for international companies through its account managers, with SWIFT, Fedwire, ACH and USDC rails, payouts in 33 currencies and a full-reserve model that does not lend client deposits. Zenus is not FDIC-insured, publishes no prices and closed its retail platform in October 2025. It also sells banking infrastructure to banks and fintechs, covered on its own page.

Finzil profile: https://finzil.com/providers/zenus-bank · Provider website: https://zenus.com · Facts checked: 2026-10-23

## Key facts

- **Monthly fee:** Not published
- **Currencies:** USD (Pays out in 33 currencies)
- **Onboarding:** 3–5 days (typical)
- **Provider type:** Bank
- **Payment rails:** SWIFT, Fedwire, ACH, USDC
- **Safeguarding:** Full reserve, not FDIC-insured
- **Remote opening:** Yes
- **Non-residents:** Accepted
- **Headquarters:** Puerto Rico

## Who can apply

- **Non-resident owners** (owner or director living outside the company's country): Accepted. Non-residents are accepted: owners and directors do not need to live in the country where the company is registered.
- **Countries of incorporation accepted:** Afghanistan, Åland Islands, Albania, Algeria, American Samoa, Andorra, Angola, Anguilla, Antarctica, Antigua & Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan, Bahamas, Bahrain, Bangladesh, Barbados, Belgium, Belize, Benin, Bermuda, Bhutan, Bolivia, Bosnia & Herzegovina, Botswana, Bouvet Island, Brazil, British Indian Ocean Territory, British Virgin Islands, Brunei, Bulgaria, Burkina Faso, Burundi, Cambodia, Cameroon, Canada, Cape Verde, Caribbean Netherlands, Cayman Islands, Chad, Chile, China, Christmas Island, Cocos (Keeling) Islands, Colombia, Comoros, Congo - Brazzaville, Cook Islands, Costa Rica, Côte d’Ivoire, Croatia, Curaçao, Cyprus, Czechia, Denmark, Djibouti, Dominica, Dominican Republic, Ecuador, Egypt, El Salvador, Equatorial Guinea, Eritrea, Estonia, Eswatini, Ethiopia, Falkland Islands, Faroe Islands, Fiji, Finland, France, French Guiana, French Polynesia, French Southern Territories, Gabon, Gambia, Georgia, Germany, Ghana, Gibraltar, Greece, Greenland, Grenada, Guadeloupe, Guam, Guatemala, Guernsey, Guinea, Guinea-Bissau, Guyana, Haiti, Heard & McDonald Islands, Honduras, Hong Kong SAR China, Hungary, Iceland, India, Indonesia, Ireland, Isle of Man, Israel, Italy, Jamaica, Japan, Jersey, Jordan, Kazakhstan, Kenya, Kiribati, Kosovo, Kuwait, Kyrgyzstan, Laos, Latvia, Lebanon, Lesotho, Liberia, Liechtenstein, Lithuania, Luxembourg, Macao SAR China, Madagascar, Malawi, Malaysia, Maldives, Mali, Malta, Marshall Islands, Martinique, Mauritania, Mauritius, Mayotte, Mexico, Micronesia, Moldova, Monaco, Mongolia, Montenegro, Montserrat, Morocco, Mozambique, Myanmar (Burma), Namibia, Nauru, Nepal, Netherlands, New Caledonia, New Zealand, Niger, Nigeria, Niue, Norfolk Island, North Macedonia, Northern Mariana Islands, Norway, Oman, Pakistan, Palau, Palestinian Territories, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Pitcairn Islands, Poland, Portugal, Puerto Rico, Qatar, Réunion, Romania, Rwanda, Samoa, San Marino, São Tomé & Príncipe, Saudi Arabia, Senegal, Serbia, Seychelles, Sierra Leone, Singapore, Sint Maarten, Slovakia, Slovenia, Solomon Islands, South Africa, South Georgia & South Sandwich Islands, South Korea, South Sudan, Spain, Sri Lanka, St. Barthélemy, St. Helena, St. Kitts & Nevis, St. Lucia, St. Martin, St. Pierre & Miquelon, St. Vincent & Grenadines, Sudan, Suriname, Svalbard & Jan Mayen, Sweden, Switzerland, Taiwan, Tajikistan, Tanzania, Thailand, Timor-Leste, Togo, Tokelau, Tonga, Trinidad & Tobago, Tunisia, Türkiye, Turkmenistan, Turks & Caicos Islands, Tuvalu, U.S. Outlying Islands, U.S. Virgin Islands, Uganda, Ukraine, United Arab Emirates, United Kingdom, United States, Uruguay, Uzbekistan, Vanuatu, Vatican City, Vietnam, Wallis & Futuna, Western Sahara, Zambia (only these)
- **Countries of incorporation refused:** Belarus, Congo - Kinshasa, Cuba, Iran, Iraq, Libya, Nicaragua, North Korea, Russia, Somalia, Syria, Central African Republic, Venezuela, Yemen, Zimbabwe
- **Owner residency accepted:** Not published
- **Owner residency refused:** Belarus, Congo - Kinshasa, Cuba, Iran, Iraq, Libya, Nicaragua, North Korea, Russia, Somalia, Syria, Central African Republic, Venezuela, Yemen, Zimbabwe
- **Owner nationality refused:** Not published
- **Company types accepted:** Corporate entities, Banks, fintechs and stablecoin issuers, Multinational companies

## Industries

- **Industries served:** Import and export, Financial institutions
- **Prohibited industries (provider's own list):** Not published

## Licences

- Puerto Rico: OCIF, International Financial Entity, Zenus Bank International, Inc., register no. IFE-061 (https://concesionarios.ocif.pr.gov/es/License/Print?Page=1&PageSize=10)

Safeguarding: Zenus Bank International, Inc. is an International Financial Entity chartered in Puerto Rico and supervised by the Office of the Commissioner of Financial Institutions, with FinCEN as its anti-money-laundering regulator. It says it is a full-reserve bank that does not lend client deposits and keeps client money segregated. It is not FDIC-insured.

## Fees

Source: https://zenus.com/legal-documents/commercial-client-agreement (checked 2026-10-23)

### Plans

- **Commercial account (price on request):** Custom pricing

### Outgoing

- To another Zenus Bank account: Free · Book transfers between Zenus accounts

### Currency exchange (FX)

- FX markup: Not published · Institutional bank rates; no margin published

## Opening an account

Opening an account typically takes three to five business days.

1. **Get in touch.** Contact the account managers through the get-started form.
2. **Documents.** Provide company incorporation, tax (W-8BEN or W-9), business and source-of-funds documents and identification for directors and beneficial owners.
3. **Due diligence.** Zenus runs due diligence before approval and charges a non-refundable application fee.
4. **Account live.** The USD account is opened under Zenus's Puerto Rico bank licence.

Documents: Certificate of Incorporation or Registration; Articles or Memorandum of Association; Company registration number; Certificate of Good Standing; Tax Identification Number or equivalent; FATCA form (W-8BEN or W-9); Company fiscal registration certificate; Description of business activities; Source of funds declaration; Financial statements (audited if assets exceed $2M); Identification documents for directors and beneficial owners, and proof of address

## Pros and cons

- Pro: Real US dollar bank accounts for companies incorporated almost anywhere, with no US presence needed
- Pro: Full-reserve model: client balances are held as cash and not lent out
- Pro: SWIFT, Fedwire, ACH and USDC from one account, with payouts in 33 currencies
- Pro: Free book transfers between Zenus accounts, with no limits
- Pro: Visa Principal Member, licensed in Puerto Rico with US anti-money-laundering supervision
- Con: Contact-led: no self-serve sign-up and no published prices
- Con: A non-refundable application fee and a monthly membership fee, amounts not published
- Con: Not FDIC-insured
- Con: No accounts for companies tied to sanctioned countries, and no list of refused industries is published
- Con: The retail platform closed on 22 October 2025: the bank now serves companies and institutions

## Finzil's take (opinion)

Zenus is an infrastructure bank that still opens US dollar accounts for companies abroad, with a full-reserve model and no deposit insurance. It publishes no prices, so the real terms come after the application fee.

## Alternatives

- [Airwallex](https://finzil.com/providers/airwallex): E-money institution · UK
- [Wise Business](https://finzil.com/providers/wise): E-money institution · UK, Belgium
- [Payoneer](https://finzil.com/providers/payoneer): E-money institution · UK
- [Currenxie](https://finzil.com/providers/currenxie): Money service operator · Hong Kong

## FAQ

**Is Zenus a bank?**

Yes. Zenus Bank International, Inc. is chartered as an International Financial Entity in Puerto Rico (licence IFE-061) and supervised by OCIF. It is not FDIC-insured; it says it is a full-reserve bank that does not lend client deposits.

**Can my company open a Zenus account?**

Yes, through the account managers: the get-started page is a contact form. Zenus opens US dollar accounts for companies incorporated almost anywhere without a physical presence in the US, except where US sanctions apply.

**How much does it cost?**

Zenus publishes no prices. Its client agreement says it charges a non-refundable application fee and a monthly membership fee, set out in a Commercial Account Charges schedule that is not public.

**Which countries does Zenus not serve?**

It will not open accounts or process transactions from countries sanctioned by OFAC and others it selects: Belarus, the Democratic Republic of the Congo, Cuba, Iran, Iraq, Libya, Nicaragua, North Korea, Russia, Somalia, Syria, the Central African Republic, Venezuela, Yemen and Zimbabwe, and the regions of Crimea, Donetsk and Luhansk and the Balkans. It does not do business with Puerto Rico residents unless authorised.

**Is there a Zenus personal account?**

No longer. Zenus discontinued its dedicated retail banking platform on 22 October 2025 and now focuses on companies, banks and fintechs.

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