We can now circumvent your local bank with this service! This is huge!
This service is for Global Entrepreneurs only whereby they can use their international trust and the Private Asset Management System.
Checks are cleared by a USA processor through their top tier banks. Service is offered by a company I know well.
The trustee (PCF Missions Foundation) would be the agent to work with you to set up the account.
Agent sends the checks to our PMC office in Panama duly endorsed
PMC has in place an agreement with a check processing company (CPC) in the US that clears the checks through top tier banks.
PMC uses secure data transmission scan/platform used by financial institutions to process and transmit the checks data.
The CPC clears the checks, and wires the funds to PMC Bank account.
PMC wires out the funds to client or credits client’s prepaid card – Thus you can instruct to put so much on a debit card and/or so much in the trust account in the PAMS.
For the service PMC charges between 3.5% to 5% of the value of each check.
For example:
A Chilean client receives its retirement check from IBM in the USA for USD $ 2,500.
Once the check is cleared - PMC Retains USD $100.
Client receives USD $ 2,400 minus – Bank Wire Fees of $35.00
Net amount received by client is USD$ 2,365
Turnaround time: The whole process takes about 10 business days. (edited)
