VeraCash: simply the best non-bank account
Between subprime loans, market manipulation, interest rates, money laundering, tax fraud and so on, finance uses every legal—and illegal—tool in the box to boost its profits and avoid paying taxes. How can you entrust your money to institutions you no longer trust?
Although it's essentially impossible to forego banks in our everyday lives, we can still choose not to leave all of our money with them! VeraCash offers accounts and payment cards outside the banking system, secured by safe investment instruments!Create a VeraCash account for free
Financial crisis of 2008 and bank failures
The 2008 crisis revealed the weakness of the banking system and its practices, which pose a threat to the global economy. Big international banks were largely responsible for the last crisis. The collapse of Lehman Brothers highlighted a major problem: so-called ‘systemically important’ banks whose failure could lead to new and far-reaching crises, or even monetary losses for their clients. Yes, European clients have already had their accounts tapped into in order to bail out their banks!
Bank runs prevented in Cyprus and Greece
Europe has been having a hard time of it… In 2013, to avoid a collapse, the Republic of Cyprus froze accounts worth more than EUR 100,000 at the two largest banks in the country (Bank of Cyprus and Laiki Bank). All of the country’s banks were subsequently shut down for 12 days to prevent mass withdrawals by the whole population as a result of panic. In 2015, it was Greece's turn to reach the brink of implosion: cash machine withdrawals were limited to EUR 60 a day for a full week.
Hidden fees and opaque exchange rates
When we look over our financial statements at the end of the month, we sometimes discover unexpected debit lines: service fees, monthly fees, subscription fees and more. Although it may only be a few cents a month, we still feel powerless as we sit by, watching our money dwindle. And when you travel abroad, banks systematically take a hidden commission called a ‘spread’, included in their exchange rates.
EUR 9 billion for BNP Paribas
The bank acknowledged violating the US embargo against Cuba, Iran and Sudan.
A total of EUR 40 billion in fines linked to subprime loans
JPMorgan Chase, Citigroup, Morgan Stanley and Bank of America were penalized by the American courts.
EUR 3.26 billion for manipulating foreign exchange rates
JPMorgan Chase, Citigroup, Bank of America, HSBC and RBS were accused of manipulating the foreign exchange markets.
EUR 5 billion for Goldman Sachs
The bank was condemned by the American judiciary in the matter of the subprime crisis.
EUR 7.2 billion for Deutsche Bank
The bank paid a penalty to avoid legal action linked to subprime loans.
EUR 3.5 billion for UBS
It was accused of “illegally soliciting clients" and " laundering the proceeds of tax evasion" in France.
EUR 1.2 billion for Société Générale
The bank also violated the US embargo against Cuba, Iran and Sudan.
Take back the control of your money with VeraCash!
A non-bank account for protection against future crises
VeraCash is not a bank, but rather a fintech (financial technology) company whose business it is to turn physical assets into digital currency outside the traditional financial system. VeraCash does not "put your gold to work" to make a profit. Instead, the precious metals are stored in vaults and belong exclusively to you, meaning that, in the event of a bank collapse, your capital will not be affected, in any way, as it is completely separate from that system.
Banks and cash machines closed? No need to panic!
The VeraCash payment card is a Mastercard® like any other. If banks and/or cash machines are closed in a particular geographic area, VeraCash cards won't work either. However, thanks to an innovative solution, you can ‘transfer VeraCash® currency instantly, to anywhere in the world.
Demand account transparency
At VeraCash, integrity, stability and transparency are in our DNA. For example, we guarantee our inventory of precious metals down to the gramme,by means of independent annual audits. And because those values are important to us, our company works actively to prevent fraud, money laundering and terrorist financing.
With VeraCash, there are no hidden fees: no surprises, no complicated price schedule and no conditions buried in a footnote. It's all there for you to see. In fact, you simply pay for the purchase of precious metals and fees if your account has been inactive for more than six months, but you pay no commissions on debit transactions. And if you travel abroad, just compare transactions on your VeraCash card and on your classic bank card to see the difference!