Standard Bank Account

A Standard Bank Account, is a type of checking account or current account offered by Mount Vema banks.

This type of checking account is in Mount Vema golles (The currency of the Kingdom of Mount Vema). However, the account holder can make deposits, withdraw or receive money in any currency, anywhere in the world.

Bank Deposits: Bank deposits can be made online with GolleCard which is the most recommended form of depositing funds into the account, by bank transfer, through a money transfer agency, or any local authorized agent acting as a branch of a Mount Vema bank (this type of deposit can reflect on the account instantly, next day, or it can take up to 10 days when anti Money Laundering (AML) compliance checks are required by the Bank of Mount Vema by requesting the proof of the source of fund.

Cash Withdraw: If you earn in golles, or have savings in golles, and wish to spend your money in the currency of your home country or in the local currency of any other country, you can do it as follows:
a)- Transfer the funds into a bank account in your local currency, or into a foreign bank account, to be able to spend it in local currency.
b)- Pay with your bank card wherever in the world gollecard is accepted as a form of payment.
Note: There are many merchants worldwide with a GolleCard Merchant Account who accept GolleCard payments. If you don't see the GolleCard sign in your local store, ask the seller, because not all merchants have the sign displayed yet.
c)- Send your golles to a local money transfer agency in your home country or to a money transfer agency in the country where you intend to travel to and collect it from them in local currency.