Eternity Law International — News — Withdrawing funds from PNB bank

Withdrawing funds from PNB bank

Published:
August 16, 2019

Withdrawal of funds of a bank PNB

Help with payments of funds at PNB bank. Most recently, on August 15, 2019, the Financing and Capitalization Market Commission decided to suspend the work of PNB bank. From now on, every account is frozen, all available ATMs and online banking do not work.

And this, in turn, suggests that all users have lost access to their funds. Eternity Law International, thanks to the materials presented by the FKTK commission, informs about what to do for users of the PNB bank branch.

If there is money left in the PNB bank account

If the amount of the budget in the bank account does not exceed one hundred thousand euros (and there are about 99% of such people), then they are protected by the Investment Guarantee Fund. The state guarantees the payment of all funds to each client from funds.

Payments will be made by another bank from the treasury of the Fund to guarantee investments. Detailed information about the procedure, place and time of payments will be reported by Eternity Law International in the near future.

If the investment amount is more than 100 thousand euros, then these one hundred thousand will be paid in any case, and the bank’s creditor can claim the remaining funds during liquidation, or being in a state of insolvency.

When is it possible to receive funds?

One hundred thousand euros represents the total amount that is available in the account of each client, including salary, savings account types. With regard to receipt, it should be noted that, based on the legislation, the payment will be made no later than the eighth day, when there is no access to investments.

What to do with a loan in PNB and what will happen with cards?

With regards to the loan, it must continue to be paid. Until the moment the agreement is valid, neither party has the right to change something in the conditions or demand a return of credit funds before the expiration of the term.

As for the cards, they are no longer valid. If you are abroad and have this bank card, then the state will not help you.

What about online banking and securities?

Online banking is not functioning and it is not planned to launch it in the near future. With regard to securities, the bank keeps the users’ securities separately from personal assets, regardless of the bank balance.

That is, the user has the right to transfer securities to the account of any financial instrument in another institution without obstacles. This can be done when the opportunity arises.

By contacting a lawyer of Eternity Law International for advice, you can quickly solve the problem.

You could be interested

Company registration in India

Today, India is more and more interesting for entrepreneurs. For foreign capital owners, this jurisdiction is interesting and profitable, since it is based on the Anglo-Saxon legal system. In addition, India is also convenient for the development of offshore structures, since there is no tax levy in this country levied on capital increases. However, you...

Basic Grounds and Requirements for Getting Forex Licenses

Today, activities of such market representatives as Forex brokers are extremely common; however, brokerage structures don’t have legal right to officially work with traders’ transactions without getting Forex licenses. Traders try not to deal with unlicensed organizations as their operations are considered unsafe and outside the legal limits. Risk is a noble cause, and in...

Crypto exchange license in Malaysia

Malaysia is one of the first countries to introduce cryptographic regulation policies. Under such policy, crypto-currencies are classified as securities, and according to Minister of Finance, the Malaysian governmental authorities believe that crypto-currencies and blockchain-technologies have tremendous potential to stimulate economic progress. It is believed that digital assets and their underlying blockchain technology can help...

CIF MarketMaker for sale

CIF MarketMaker for sale! -30% off! CIF MarketMaker for sale. Such a great opportunity to obtain a ready-made operational MarketMaker within 1 month company transfer term! ICF Contribution 58,900 Euro Monthly Expenses (including salaries) 40,000 Euro Cysec Fees Will be provided later License MarketMaker share capital 730, 000 Euro Asking price: 200, 000 Euro For...

ICO consulting

DESCRIPTION AND FEATURES Eternity Law International provides ICO consulting and also prepares, accompanies and organizes ICO-campaigns for companies and private entrepreneurs. Initial coin offering (ICO) is a form of attracting investment infusions into various production programs and emission schemes, as well as implementing cryptocurrencies among sponsors. It is used in the same way – by...

Fintech business in Estonia

Current high-tech solutions are foundation of today’s financial scope and the information community. Fintech business in Estonia is a commercial area being rapidly expanding and becoming more popular every day. Estonian Fintech-representatives have 20+ of expertise in developing functional programs from the ground up. Services offered on the Estonian market combine user-friendliness and innovation. Main...

Discover our services

The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.

Ready-made companies for sale

Companies with a bank account around the world

Banks for sale

Established Banks for sale

Ready-made licenses for sale

Forex, cryptocurrencies, gambling, EMI, PSP, SVF, MSO, DLT

Licensing

Forex licenses, cryptocurrencies, gambling, EMI, PSP, SVF, MSO, DLT

Offshore company registration

Expert advice on the acquisition of an offshore company

Open a bank account

Open bank accounts in more than 120 banks around the world
Fill the blank:

Zurich

Dreikonigstrasse, 31A, Stockerhof
+41 435 50 73 23

Kyiv

Baseina street, 7
+38 094 712 03 54

London

Grosvenor Gardens, 52
+44 203 868 34 37

Washington

1629 K St. Suite 300 N.W.
+1 (888) 647 05 40 Toll Free

Vilnius

Gediminas Avenue, 44A
+370 52 11 14 32

Tallinn

Kesklinna linnaosa, Tuukri 19
+372 880 41 85

Edinburgh

Lochrin Square, 1
+44 203 868 34 37

Nicosia

Jacovides Tower, 5 floor
+371 665 550 51

Riga

Esplanade, 7 floor
+371 665 550 51

Hong Kong

18 Harbour Road, 35/F, Central Plaza, Wanchai
+852800938622 Toll Free

Singapore

Level 42, Suntec Tower Three, 8 Temasek Boulevard
+6531594300

Sydney

20 Martin Place
+61 2 888 00 365

Porto

2609 Avenida da Boavista
+351 800 500 206 Toll Free
Calls are made only from Portugal

Tbilisi

Revaz Tabukashvili Str., N 45, area N 7
+995706070360