So there is fintech that now offer to open deposits with less than US$10 in USAdigitally, facilitating access to the foreign financial system.
USA It is a country that provides that tranquility sought by any saver or investor, even more so for the Peruvian who prioritizes the safety of his money, he said Jose Antonio Avendanogeneral manager of Associated Financial Managers.
However, opening an account there is not easy, as many banks require the client to be there physically, he said.
There are cases of very large global banks that allow accounts to be opened through digital channels even though they request a significant amount, of at least US$100,000, which could be US$100 if the opening is done physically in the office, he specified.
READ ALSO In which regions are the Peruvians with more possibilities to save?
According to Edmundo Lizarzaburuprofessor of Administration and Finance at the ESAN Universitythese savings modalities are attractive to the public, but it must be taken into account that an entity will be able to raise money in the country, formally, only if it is regulated by the Superintendence of Banking, Insurance and AFP (SBS).
“It does not mean that these options are a scam, but rather that the user should be well informed about what is behind it, the financial risks, transactionality, cost of moving money; otherwise, the exposure of the resources and the risk of the client is very high”, he warned.
Fintech that offer this alternative indicate a registration in the Financial Crimes Enforcement Network (FinCEN), an office of the United States Department of the Treasury, however, Avendano considers that this does not imply regulation or support for savings.
Some minimum considerations that the saver should have is the presence of a physical office of the banking entity, which is regulated by the States where it operates and has the coverage of the FDIC (Federal Deposit Insurance Corporation), which is the equivalent of Deposit Insurance Fund in Peru, he detailed.
READ ALSO Deposit Insurance Fund to protect savings in financial entities rises to S/ 124,428
In addition, it is necessary to analyze the operating costs involved in preserving your money abroad and the security of the information, in case it is violated, he warned. Lizarzabur.
There are transaction costs that materialize during financial operations, commissions should be reviewed in detail and, above all, read the fine print, he added.
“I don’t think the business is to open thousands of accounts for less than US$10, this offer is a hook to attract users but they aim for higher amounts”, he stated.
If they want to maintain low levels of savings, they will be told that the maintenance cost will exceed their deposit, he said.
Under these considerations, specialists recommend getting adequate information before contracting these easily accessible financial products, some may not be convenient due to the costs involved or the risk that not having the backing of a regulator represents.
The decision is up to the user, but care must be taken because today there are many fraudulent schemes that are used to defraud those who seek to diversify their savings with these alternatives from small amounts, he commented. Avendano.