No, you do not need to pay before we have approved your application.

If you order with a credit card, your card will be charged only when we have approved your application. If you order with Western Union or bank transfer, we will notify you as soon as we have approved your application before you pay the set-up fee.

We will charge you and start the opening procedure only after we approve your application.

If later the bank does not accept to open your account, which is very rare, you will receive a full refund. This refund is applicable only if you have sent us all documents we need to open the account, not if you decide to cancel.