After the restrictions that were put in place by Zelle, some banks in Venezuela decided to offer their clients the opening of accounts in other currencies. In this way it is easier for you to carry out any type of transaction, in this article we will talk about how to open a Mercantile dollar account.
Know the Steps to Open an Account in Mercantile Dollars
Banco Mercantil in Venezuela offers users who request a merchant dollar account and thus make movements with money from another country.
This banking entity, along with a dozen others, are offering citizens in the country to request an account with foreign currency. The decision to express it was made on June 8, after Zelle limited access to the electronic transaction page; This new system created by the bank was launched as an option.
Banco Mercantil has created two ways to make movements with North American money.
Option Number One
It is a system created by the Mercantile Bank of Panama, which authorizes Venezuelans, who have an account for more than six months, to request an account in dollars and thus carry out their transactions.
mony account
To be a client and be able to make movements in another currency, there is the modality called Mony, and in this way to be able to mobilize foreign money, you must comply with the merchant dollar account requirements, for that it is not necessary to go to a bank agency. You just have to do the following:
- Install the program called Mony on the cell phone.
- Look for the option that says: “Open my mony account".
- Mercantile banking users will be asked to enter their “Mercantile key” and the "password” used online.
- The system will ask you to “Confirm identityThis is done in three steps:
- Capture an image of the identification document.
- Enter personal data.
- Validate documentation.
- After completing all these steps, the system will ask you to create a username and password to access the account.
- There is no minimum balance required to apply for this account.
- This benefit is only for natural person merchant account in dollars.
The bank specifies that there are three ways to deposit coins in your account with the support of the App.
- The user can receive Mony to Mony transactions.
- Entry of money from the bank to Mony.
- From national or foreign entities to Mony.
How to Make a Transfer with the Mony App?
If you want to make a transfer from the program, you must enter the Mony system, look for the menu, enter the amount of money you want to transfer, the application will ask for an email that is connected to the account, and in a few minutes A verification code will be sent, which must be noted down and affirm the transfer.
How much money should be in the Account?
The user in the account can have an amount that does not exceed three thousand dollars and in the month can have income that does not exceed four thousand five hundred dollars.
Services
The Mony account is of the current type, which is opened from the mobile, where you have the service of receiving and sending dollars anywhere in a simple and fast way. and its benefits are:
- It is the bank account that can be used without any concern since it has a guarantee and speed, it is not necessary to have a minimum amount.
- The only requirement that is needed is to have a frequently used email. This will be used for when withdrawal transactions are made and when money is received.
- To open this account it is not necessary to go to any branch, you only need a smartphone, the best thing is that you do not need cash.
- All movements are made through the internet, when a transaction needs to be made, it is done through the “merchant online banking".
- Among the novelties that it has, is that you can make withdrawals through ATM's and make purchases with the debit card in any place that has a point of sale, if you are interested you can request it in the bank's mobile banking.
- Another innovation is that the MasterCard debit card can be activated in the Mercantil Móvil system, to find out what the procedure is, you can find the instructions on the bank's page.
Option Number Two
Apart from the aforementioned application, the bank has an account on its website, which is another option where users can request information on how to open a dollar account at a merchant bank, and do the following:
- It is a current type account which is not gratified and the use of checkbooks is not necessary.
- It is not necessary to have a minimum entry balance.
- The funds can be moved from one place to another and make movements at all times, counting on “Online Mercantile".
- To open the account, it must be done in dollars, with your own money, which must be obtained legally, you can go to any branch of Banco Mercantil.
The Requirements for Opening the Account in Dollars
To open a foreign account at any branch, certain requirements must be met:
- First, all the information contained in the contracting document and the opening conditions must be carefully read.
- Then you must fill out the form where they ask for information, such as:
- Personal information. Where the full name and surname, identity card, place of birth, date of birth, profession, marital status, home address must be indicated.
- If you have a legal representative or proxy, you must indicate it.
- Client references. In this place you must indicate bank data that you have in the entity and in other banks, amounts that you handle, etc.
- The economic activity of the client.
- Customer income source. You must indicate the company where you work, if you own or are an employee, address, what branch you have, etc.
- Information on the mobilization of funds.
- Account you have in the bank.
- It is important if you are an old client, you must update the data regarding the account, in order to open the account in the currency of another country, it is important to know the requirements.
- All required documents must be brought.
- It is advisable to visit an agency before making the request, to clarify any doubts about it.
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