Migom Bank Ltd
(3.1)
Great
(4)
Entity type
Online Bank
Client type
Personal/Business
License
08082019
Country
Dominica
Year
"2019"
Employee Count
11-50
Services
Total Score
Great
(4)
About Migom Bank Ltd
Migom Bank is a Dominican neobank offering both traditional and cryptocurrency-related financial services for individuals and businesses alike. Some of its services include: an e-banking app, International money transfers, Multi-currency IBAN, savings accounts, seamless crypto exchange nd more. Migom Bank offers innovative customer loyalty and affinity programs.
Pricing
Setup Fee
2500 EUR
Monthly Maintenance Fee
30 EUR
SEPA Incoming
1-1.5%
SEPA Outgoing
1.25%
SWIFT Incoming
1-1.5%
SWIFT Outgoing
2%
FX Fee
0.7%
Internal Fee
50 EUR
Crypto Exchange Fee
1-2%
Internal Fee
0.05%
Currency
EUR
(Euro)
USD
(United States dollar)
GBP
(British pound)
SGD
(Singapore dollar)
CAD
(Canadian dollar)
DKK
(Danish krone)
CHF
(Swiss franc)
RUB
(Russian ruble)
AED
(United Arab Emirates dirham)
BTC
(Bitcoin)
ETH
(Ethereum)
USDT
(Tether)
Additional Information
Migom Bank works with onshore and offshore incorporate high-risk merchants.
Restricted countries
DMA
(Dominica)
USA
(United States of America)
VUT
(Vanuatu)
Trustpilot reviews
I gave them a try
I have had an account here for a little over a year as I own a European investment firm and was sick of dealing with uk banks which always froze my assets for months at a time. Reading some of the blogs and reviews I realized I have similar reviews from clients who don't get their way and decided to see what happens and started small. After a few months I took a risk and moved everything over, I realized if i submit the deposit notification I never have an issue and my funds are credited fairly quickly, regarding wires, I have never had issue so I have no clue what the reviews are for when people say money is owed consideringI have checked for myself and they definitelyare a regulated bank. I guess to each is own people will complain and I'm glad I gave them a try as I have stopped dealing with other banks.
SCAMMERS STAY AWAY
The worst bank ever! They close your account for no reason and then refuse to send you your money, making every excuse and putting any obstacle in your way to stop you from getting it. They owe me $7000. A bunch of pure scammers. STAY AWAY!
GREAT processes up until Payment of Invoice
More than 1 transaction went missing, disappointed overall, managers ignored many of my requests. Overall client relations is GREAT up until the moment I made a payment, then all went downhill.
I didn't get all I was promised and got…
I didn't get all I was promised and got suspicious. Please contact ww w,,, VeStigE ReCov Rey,,,ORG for help if you are not allowed access to your money. I am aware that I am not the only person with this experience, it is their norm. I am glad i got the opportunity to be happy again.
Worst experience ever regarding service and opening of an account
I were opening an Account for my Company at Migom 2020. I had to pay 3500 EURO for the due diligence. Then i received a confirmation that all is good. I had to fill another Document and send it back which i dit after 2 Weeks. This was now almost one year ago. Until today i have no Account. When i introduced another client to the bank last year, the responsible officer Mr. Alexander Bernstein told me to not do it in the Migom Bank and has send me to his friend a lawyer which has a lot of Bank he is working with and his office is as well in Geneva. This lawyer took as well 3500 Euro of my client. After many emails and requests the lawyer has wrote back to my client that the Bank which they thought would take the client is not willing to open the account for my client and the 3500 Euro are gone. And they ask my client to pay again 3500 Euro to try another Bank. Today we know that they never were checking in this other Bank as they dont have any records about my clients request. Mr. Alexander Bernstein from Migom Bank is since not answering the messages anymore and the lawyer his friend as well not. I wrote a few weeks ago an official E-Mail to Migom and dit as well not get any answer. As they do not pay any attention to my issue and do not respond the E-Mail i will share my experience all over the platforms to inform people about this group. This is my personal experience with Migom Bank and Mr. Alexander Bernstein! All information i gave here can be verified with me! This is really sad that this kind of operations are possible in Switzerland!
Great job!
Registration and approving was easy and clear. Compliance team is very correct and fast, manager assistance was sufficient and helpful. Onboarding process took a few days. We appreciate MigomBank team for great job.
SCAM !
This bank stole hundreds of thousands of euros from me.
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On this page, you can see a detailed review of Migom Bank Ltd Banks with reviews from real users and our experts. Migom Bank Ltd provides the following services: Agreggated Account, B2B Accounts, B2C Accounts, Crypto Banks, Crypto-friendly Account, Dedicated IBAN, Multi-currency Account, P2P, Personal account manager, Savings Account, SEPA Transactions, SWIFT Transactions, Two-Factor Authentication (2FA), Buy & Sell Bitcoin, Buy & Sell Crypto, Segregated Accounts.
At the moment, Migom Bank Ltd rating on Finscanner is 4 and on Trustpilot is 3.1.
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