Monday, December 30, 2013

How much does it cost to start my own small bank? and Broken Piggy Bank

How much does it cost to start my own small bank?



Nothing fancy, just a small bank for myself and family.
What about offshore international bank?


bank best answer:

Answer by Mike
you need either charter from the Federal Reserve System or other licensing which varies from state to state. That is a prelude for even considering opening a bank. Then you need secure location, employees, and customers who will trust you with their money. There is a lot more, but that just gives you an idea that doing what you propose is not easy and can take years to accomplish.


bank

Broken Piggy Bank
bank

Image by Images_of_Money
A broken piggy bank with a bill and coins



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