The MyBambu is a new generation of virtual bank accounts that offer banking services through a smartphone app that you download to your mobile phone. You can also log into their online site using the same login details as in the app. Please note that you will receive a two-factor authenticator notification on your phone before you can log in online to log into the site.
For small companies and individual entrepreneurs, using the MyBambu app, you don’t need opening and servicing fees. This is useful for entrepreneurs with little cash flow in the account and those who use USA money transfer. To open a current account, you need to fill out an online application on the MyBambu website and prepare a package of documents for approval by a specialist.
Benefits Of Opening MyBambu Bank Account
The MyBambu service specializes in mobile banking. Unlike traditional banks, the MyBambu app gives you many options not found in traditional banks. The app does not have physical offices, however, most of the time, you do not need to visit an office, and most of the activities you need can be done more conveniently using the mobile app. It is both on Android and IOS phones.
You can either post your questions directly in the application support chat window or call the operator on the phone. You can also check balances and transactions in the app make transfers or set direct debits – all from the app. You can instantly freeze it from the app if you lose your card, and if you find it later, you can immediately unfreeze it. If you can’t find your card, you can order a new card in the app, and it will be delivered to you within a few days.
Try canceling your card at a regular bank, which usually involves visiting the bank, waiting in line, and then filling out a cancellation form. The MyBambu simplifies many of your day-to-day banking tasks, all of which can be done using the app 365 days a year. You can view, reset or change your card PIN from the app anytime and as often as you like. The app has a built-in ATM locator that makes it easy to find the nearest cash pick-up point, wherever you are. Other benefits you will open a bank account with no deposit required;
- bank with 99% state participation;
- Use USA money transfer with no service charge for three years.
- Convenient e-invoice portal for issuing and receiving e-invoices
- the Rating competition determined the third place for the bank’s mobile application;
- in terms of assets in terms of the level of reliability
What You Need To Open a MyBambu Account
Smartphone compatible with MyBambu app, that is, any of the following:
- iPhone, IOS, or Android phone
- Download and install the MyBambu app on your phone
- US mobile phone number and SIM card installed in your mobile phone where the MyBambu app will be installed.
- Passport or an identity card of a resident of the country
- Your Taxpayer Identification Number (TIN)
- You! You are not allowed to open a MyBambu account for another person.
Opening An Account On A Video Meeting
Opening an account in MyBambu is much faster and easier than in a regular bank. It takes you about 5 minutes to fill out the online application form, or you can download their application and apply directly from it. Then you will have a video call with a representative from the app, which will take about 10 minutes.
When opening an account in a regular bank, you have to visit a branch, stand in line, and answer a barrage of KYC (know your customer) questions. KYC questions can be very intrusive; for example, what will you use the account for? What is your source of money? What is your profession? Questions like these can be a real pain and seem like an invasion of privacy. The reasons for KYC are protection against money laundering and terrorist financing, but these reasons seem more like an excuse to control people in general than a reason.
To open a MyBambu account, go to the mobile application; select the desired account sign up for an online video meeting. Then a representative will call you at the appointed time and carry out the validation procedure. The confirmation procedure involves activating the camera on the smartphone so that a video conference with a representative can be organized. The representative will then ask you to hold your passport at different angles to make sure it is a genuine document. They ask you a few basic questions, for example, are you opening an account? etc., but the app questions are not as intrusive – unlike the usual banks. The entire account opening process takes 10 to 15 minutes.
Conclusion
The MyBambu mobile banking solution provides reliable, affordable, and worry-free banking. The main advantage is that you open a bank account with no deposit required. The mobile app will save you many of the problems associated with traditional banks. Open your mobile bank account with MyBambu and Get a $10 reward.
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