Introduction to Bison Bank
Bison Bank, established in 2001, is a fully licensed physical bank headquartered in Portugal. Operating under the supervision of the European Central Bank (ECB), Bison Bank is one of the few European banks authorized to offer cryptocurrency services. It also holds approval from the People's Bank of China as a RMB clearing bank (CIPS).
Key Features
- Multi-Currency Accounts: Supports USD, EUR, offshore RMB, and more, with in-account currency conversion capabilities.
- Crypto Integration: Legally accepts digital cryptocurrencies, allowing automatic conversion to USD or EUR via online banking.
- Global Presence: Maintains representative offices in Tianjin, Beijing, Tokyo, Hong Kong, and Singapore, ensuring worldwide service coverage.
Advantages of Bison Bank
- Regulated & Licensed: Fully compliant under ECB supervision, ensuring secure and legal operations.
- Innovative Crypto Services: Pioneers in offering dual-currency (fiat + crypto) accounts for seamless asset management.
- Global Network: Strategically located offices facilitate easy access to banking services across continents.
- Expert Team: Dedicated professionals providing tailored financial solutions.
- Automated Onboarding: Streamlined online account opening for faster processing.
👉 Explore how Bison Bank simplifies crypto transactions
Core Services Offered
Cross-Border Financial Solutions
- Virtual Accounts: Enable automated batch transactions.
- Private Banking: Features an advanced global online account opening system.
Cryptocurrency Services
- Dual-Account System: The world’s first bank supporting simultaneous fiat and crypto accounts.
- Multi-Currency Transactions: Facilitates payments and settlements across single/multiple addresses.
- Secure Custody: Bank-grade encrypted storage for personal and enterprise crypto assets.
Supported Currencies
Bison Bank offers multi-currency accounts, including mainstream cryptocurrencies, with in-platform conversions to USD, EUR, etc.
Requirements for Corporate Accounts
Documentation
- Certificate of Incorporation
- Articles of Association
- Proof of Address (less than 3 months old)
- Director/Shareholder IDs
- Latest Financial Statements (if applicable)
Fees
- Due Diligence: $500 (varies by jurisdiction and company profile)
Requirements for Personal Accounts
- Passport: Must be doubly notarized (for mainland Chinese clients) or locally certified (HK/Taiwan/Macao residents).
- Employment Verification: English document detailing job role, start date, and annual income.
- Portuguese Tax ID: Can be arranged by Bison Bank if unavailable.
- Address Proof: Recent utility bill or bank statement (must be in English or officially translated).
Account Opening Process
- Submit Documents: Via Bison Bank’s online portal or email.
- Compliance Review: Typically takes 5–7 business days.
- Account Activation: Fund transfer and access credentials provided upon approval.
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FAQ Section
Q1: Is Bison Bank safe for cryptocurrency transactions?
A: Yes, it operates under strict ECB regulations with bank-grade crypto custody.
Q2: How long does corporate account approval take?
A: Approximately 7–10 days post-document submission.
Q3: Can I convert crypto to fiat within the account?
A: Absolutely—conversions to USD/EUR are automated.
Q4: What makes Bison Bank’s crypto services unique?
A: Its dual-account system bridges traditional banking and digital assets seamlessly.
Q5: Are there monthly maintenance fees?
A: Varies by account type; consult the bank for specific fee structures.