InterBank FX - Funding with VISA | Forex Factory

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InterBank FX - Funding with VISA

  • #1
  • First Post: Nov 15, 2006 6:16am Nov 15, 2006 6:16am
Hello,

I have just funded a new mini account with VISA at InterBank FX.
They only allow access to the account when the funding is completed.

After using my VISA and sending the funds I received an email from them saying that my funding will only be accepted if I send them a copy of the front and back of my VISA.

Is it the usual procedure for everyone? I really don't like this procedure and they should at least advise it before you have already payed!

Anybody can confirm this and and/or anybody ahd problems ?

Thanks for your answers, this forum is so helpfull and full of great people!
  • #2
  • Nov 15, 2006 6:36am Nov 15, 2006 6:36am
I have not had to send them a copy of my card when opening and funding additional mini accounts. I have had a funded primary account with them that was opened before they accepted credit cards so I might be handled differently. They notify you on their web site that they may ask for a copy of the credit card to complete the transaction. https://interbankfx.com/faq_visa_deposits.php I'm sure you can phone them or use live chat to discuss the problem with them.
  • #3
  • Nov 15, 2006 6:40am Nov 15, 2006 6:40am
If I remember right they ask that for identification purposes (they also wanted my drivers license). They didn't ask me for a copy of the back of my credit card, though.

What I did was copy the front of my card and blotted out all but the last digit of the account number, leaving only my name and the expiration date visible.

If I were you I would try sending it the way I did...giving them as little info as possible but still leaving it where they can identify you.

Hope this helps.

ken
Is your SL my TP?
  • #4
  • Nov 15, 2006 7:03am Nov 15, 2006 7:03am
Quoting Nikoos.Be
Hello,

I have just funded a new mini account with VISA at InterBank FX.
They only allow access to the account when the funding is completed.

After using my VISA and sending the funds I received an email from them saying that my funding will only be accepted if I send them a copy of the front and back of my VISA.

Is it the usual procedure for everyone? I really don't like this procedure and they should at least advise it before you have already payed!

Anybody can confirm this and and/or anybody ahd problems ?

Thanks for your answers, this forum is so helpfull and full of great people!
Hi,
this is a new requirement at InterbankFx for verification purposes. In your email it must've been stated to block out all the numbers on your credit card on the front of the card, except the last 4. Also, to block out all the numbers at the back of your credit card. This is probably to confirm your signature.

Take Care
Habeeb
Keeping it Simple
  • #5
  • Nov 15, 2006 9:08am Nov 15, 2006 9:08am
Quoting Nikoos.Be
Hello,

I have just funded a new mini account with VISA at InterBank FX.
They only allow access to the account when the funding is completed.

After using my VISA and sending the funds I received an email from them saying that my funding will only be accepted if I send them a copy of the front and back of my VISA.

Is it the usual procedure for everyone? I really don't like this procedure and they should at least advise it before you have already payed!

Anybody can confirm this and and/or anybody ahd problems ?

Thanks for your answers, this forum is so helpfull and full of great people!
My friend had to do same thing (and he did it). forex.com I had to send driver's liscense.
  • #6
  • Nov 15, 2006 12:17pm Nov 15, 2006 12:17pm
Yes I've had to do this, you just block out some of the numbers, it's not a big deal.
  • #7
  • Nov 15, 2006 12:42pm Nov 15, 2006 12:42pm
these brokers are such a pain in the *ss
  • #8
  • Nov 15, 2006 1:22pm Nov 15, 2006 1:22pm
Quoting hilmy83
these brokers are such a pain in the *ss
Any credible financial business is going to verify your identity through more than one avenue. That's how you know you're dealing with untrustworthy amateurs in any financial business when it's easy to get an account. I find reassuring to know that I'm dealing with professionals.
  • #9
  • Nov 15, 2006 1:49pm Nov 15, 2006 1:49pm
Quoting aicccia
Any credible financial business is going to verify your identity through more than one avenue. That's how you know you're dealing with untrustworthy amateurs in any financial business when it's easy to get an account. I find reassuring to know that I'm dealing with professionals.
i understand that, but i think it's more efficient to have them verify your information through online means rather than have you physically submit stuff
  • #10
  • Nov 16, 2006 8:52am Nov 16, 2006 8:52am
Quoting hilmy83
i understand that, but i think it's more efficient to have them verify your information through online means rather than have you physically submit stuff
I'm pretty sure the physical documentation of identity is one of the tons of new requirements for financial institutions required by the US PATRIOT Act.

You know...depriving terrorists of income opportunities...etc....

Can't have Osama Bin Laden opening an FX account and copping pips from his cave, now can we?
Is your SL my TP?
  • #11
  • Last Post: Sep 7, 2014 4:34am Sep 7, 2014 4:34am
R.I.P IBFX !
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