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Just curious due to it being a private bank? Want to know if it is recognized?

mhoran_psprep
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Muller Ferreira
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2 Answers2

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No. It's a fictional bank in a video game. As far as I can tell there is no real bank by that name. Whoever is trying to get you to transact with it is almost certainly a scammer.

Vicky
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Some steps to take to figure out whether a bank is legitimate:

  1. Google it. In this case Google turned up nothing. A very bad sign. A real bank is going to have some footprint in Google. If nothing at all turns up there isn't any point in checking further, it's some kind of scam. Look for online reviews. The absence of any reviews is a giant red flag. The reviews themselves may not mean much, since they can be astro-turfed.

  2. Suppose you found a web site. Keep in mind that for an investment of $20 or so anybody can set up a website and a domain name. Poke around on the website. Do the links all work? Do they take you to actual information? Does the site name any corporate officers? Does it provide phone numbers? A physical location? If those are missing steer clear.

  3. Supposing the web site seems to check out, does the bank have a verified physical presence in your country? If not, consider how you would proceed if you had a dispute with them. Do you have the resources to hire a lawyer in the bank's home country? Do you trust the legal system in that country?

  4. Check with the financial authorities that regulate banking in your country and the bank's home country. In the US you can lookup FDIC insured banks online. Credit Unions are regulated separately, but you can look those up online too. Be aware though that some countries will license any business that pays the appropriate fees, and registration is no guarantee that it's a legitimate business (see point 3).