REACH FAQ’s

REACH is a fintech, community focused, online only savings & loan bank. REACH was founded for the 99%, consumers and small businesses in 16 countries who have been left behind by their governments, politicians, large corporations, employers and wealthy individuals, you know the 1%. REACH is the new way forward

We encourage everyone to open a new personal or small business deposit account at REACH. Then spread the word: tell your family, friends, network and community. EARN REACH CA$H!! Help REACH to help you. Open your new deposit account at reach today!! REACH is the new way forward.

REACH has a website www.reachbanking.com. we also have a banking app (coming soon), as well as social media platforms: FACEBOOK, LINKEDIN, TWITTER, INSTAGRAM & YOUTUBE. On the REACH website new clients/members can register for a new personal or small business deposit account and setup an profile.

REACH will eventually operate in 16 countries broken down by Tier 1: GOLD Countries and Tier 2: Silver Countries.

Tier 1: GOLD Countries are: USA, CANADA, NEW ZEALAND, AUSTRALIA, UK, FRANCE & GERMANY

Tier 2: Silver Countries are: INDIA, PHILIPPINES, INDONESIA, MALAYSIA, MEXICO, NIGERIA, KENYA AND SOUTH AFRICA

REACH is FIDC insured. REACH banking license is in Puerto Rico. locally, in each of the 16 countries where REACH operates, REACH meets all business & banking regulations, requirements, regulations, compliance & laws.

Quite bluntly the top 1% need not apply at REACH! REACH will not accept their application or new account registration.

REACH focuses 100% on the 99%. the underserved, the unbanked, people across our planet struggling to make ends meet. REACH serves people are looking for a bank that can help them earn income & easily qualify for credit. reach serves people looking for a bank who cares, people who need a loan or credit card for their small business. finally, REACH serves people who are constantly worried about how they will survive and grow each day, week, month and year.

REACH is about people burying their individual pride & ego and taking a team (partnership) approach to survival & growth. REACH helps the 99% take control of their lives, financial future, careers, family and communities. REACH IS THE NEW WAY FORWARD.

New REACH clients/members can open an deposit account online at www.reachbanking.com. New clients/members must make a *MYD (minimum yearly deposit) of us$25 (Gold tier countries) or us$5 (Silver tier countries). MYD amounts at REACH are small amounts that people can easily afford.

Tier 1: GOLD Countries are: USA, CANADA, NEW ZEALAND, AUSTRALIA, UK, FRANCE & GERMANY

Tier 2: Silver Countries are: INDIA, PHILIPPINES, INDONESIA, MALAYSIA, MEXICO, NIGERIA, KENYA AND SOUTH AFRICA

New REACH client/member needs 6 basic requirements to open a reach deposit account online:

• Clients/Members need to register their full legal name (used in their country)
• Clients/Members need to register their legal date of birth for their country
• Clients/Members need to register a Verified phone number for their country
• Clients/Members need to register a Verified email address
• Clients/Members need to register a Local Address for their country
• Clients/Members need to register 1 Picture id from their country

• Registration online to open a new personal or small business deposit accounts
• See personal or small business deposit account balances
• View REACH Credit Score (RCS)
• Do online transactions such as money (funds) transfers
• View REACH virtual debit card numbers
• Make withdrawals from their deposit accounts
• Setup direct deposit
• Apply for REACH small business microloans & REACH small business credit cards
• Transfer money (funds) to other reach banking clients/members REACH accounts
• Transfer money (funds) to other reach banking clients/members non-reach accounts
• more…….

Yes, absolutely! At any time after 60 days of personal or small business deposit account opening, REACH clients/members can withdraw their money (funds) and close their REACH personal or small business deposit account if they wish. There is absolutely no penalties or fees. REACH clients/members will have access all their current balances at time of account closure & fund withdrawal request.

REACH charges a yearly account maintenance fee of only US$1 for all REACH clients/members to maintain their personal or small business deposit accounts at REACH . Yes, you read that right, only US$1 per year for yearly account maintenance.

REACH will eventually operate in 16 countries broken down by Tier 1: GOLD Countries and Tier 2: Silver Countries.

Tier 1: GOLD Countries are: USA, CANADA, NEW ZEALAND, AUSTRALIA, UK, FRANCE & GERMANY

Tier 2: Silver Countries are: INDIA, PHILIPPINES, INDONESIA, MALAYSIA, MEXICO, NIGERIA, KENYA AND SOUTH AFRICA

Yes, Yes & Yes! There is absolutely no limit to the number of REACH accounts a REACH client/member can open in their respective country.

Yes, absolutely. REACH clients/members are free to open as many personal and/or small business deposit accounts as they wish. There is absolutely no limit to the number of personal and/or small business deposit accounts that a REACH client/member can open & maintain in their respective country.

Yes, absolutely. REACH clients/members can use in country currency, debit or credit cards, bank or wire transfers using in-country currency to fund, open & maintain their REACH personal and/or small business deposit accounts in their respective country.

REACH has 2 types of clients/members: Consumers & Small Business 

REACH Consumer clients/members are individual clients/members who open or maintain 1 or more personal and a small business deposit accounts at REACH. The minimum required to open a REACH personal or a small business deposit account for a “consumer” is US$5 in Silver Tier Countries and US$25 in Gold Tier Countries.
REACH Small Business clients/members can be any type of legal and registered small business established in any of the 16 countries where REACH operates. A REACH small business client/member can also be an organization or group like education/schools, churches, sports organizations, law enforcement, nurses, communities, non-profit organizations, city, town, area or state, online group (like Facebook groups), etc.
REACH Small Business clients/members are larger “groups” that can easily sign up all “their members” as REACH individual consumer clients/members who open or maintain 1 or more personal and a small business deposit accounts of their own at REACH. REACH Small Business clients/members earn significantly larger REACH CA$H payouts (commissions) sooner than REACH individual “consumer” clients/members. The minimum required to open an account for REACH Small Business clients/members is US$5 in Silver Tier Countries and US$25 in Gold Tier Countries.

REACH CA$H aka “getting paid” is a huge factor that separates REACH BANK from all other online fintech banks as well as traditional banking institutions. The founders of REACH BANK wanted to create an environment of opportunity, survival and growth for our millions of clients/members in the countries in which REACH operates across the world. So, REACH created REACH CA$H.

REACH CA$H are ways that clients/members can earn money, cash, funds at REACH. Currently, there are 4 ways to earn REACH CA$H

REACH BUILD & EARN:
REACH clients/members can open a REACH personal or small business deposit accounts. then, clients/members can recommend or refer their family, friends, networks, organizations, clubs, schools, parents, universities, teams, and communities to also join REACH and open REACH personal or small business deposit accounts as well.
unique new REACH personal or small business deposit accounts REACH clients/members will earn REACH CA$H (aka get paid) at the following referral levels:
25, 100, 500, 1,000, 2,500, 5,000, 10,000 AND 25,000 new unique REACH personal or small business deposit accounts

REACH GROW:
REACH clients/members can create & build a REACH CREDIT SCORE (RCS) which allows REACH clients/members to qualify for small business microloans and small business credit cards. REACH clients/members must refer unique new reach personal or small business deposit accounts to first create and then build their REACH CREDIT SCORE (RCS)

MINIMUM REFERRAL LEVELS TO BUILD YOUR REACH CREDIT SCORE (RCS):
1,000 unique new REACH personal or small business deposit accounts
2,500 unique new REACH personal or small business deposit accounts
5,000 unique new REACH personal or small business deposit accounts
7,500 unique new REACH personal or small business deposit accounts
10,000 unique new REACH personal or small business deposit accounts

REACH clients/members can earn redeemable points that can be converted to REACH CA$H by purchasing products & services from REACH MARKETPLACE clients/members & partners.

Small businesses owned by other REACH clients/members might include: insurance, investments & wealth management services, automobile & motorcycles, telecommunications, housing/real estate, healthcare and food & beverage, hospitality, transportation services and much more listed in REACH MARKETPLACE.

REACH FREELANCE is how clients/members who have personal or small business deposit accounts at REACH can get setup to sell REACH BANK PARTNERS products, services, and solutions to others in or outside of their personal or professional network.

REACH clients/members can create and maintain a REACH CREDIT SCORE (RCS) based on 3 simple and easy to achieve criteria:

• NUMBER OF UNIQUE NEW REACH personal or small business deposit accounts that clients/members refer (brings) unique new REACH. This component makes up 60% of the REACH CREDIT SCORE (RCS)
• AMOUNT OF MONEY that a REACH client/member has deposited in their account over a 90-day period. This component makes up 30% of the REACH CREDIT SCORE (RCS)
• LENGTH OF TIME as a REACH BANK client/member. This component makes up 10% of the REACH CREDIT SCORE (RCS)

Higher REACH CREDIT SCORES (RCS’S) allows REACH clients/members to INSTANTLY and AUTOMATICALLY qualify for small business microloans and/or small business credit cards at REACH.

REACH clients/members must refer unique new reach personal or small business deposit accounts to first create and then build their REACH CREDIT SCORE (RCS)

MINIMUM REFERRAL LEVELS TO BUILD YOUR REACH CREDIT SCORE (RCS):

• 1,000 unique new REACH personal or small business deposit accounts
• 2,500 unique new REACH personal or small business deposit accounts
• 5,000 unique new REACH personal or small business deposit accounts
• 7,500 unique new REACH personal or small business deposit accounts
• 10,000 unique new REACH personal or small business deposit accounts

REACH CA$H COMMISSION STRUCTURE (CONSUMER & BUSINESS CLIENTS/MEMBERS)
REACH clients/members can earn REACH CA$H (AKA MONEY) at the 25, 100, 500, 1,000, 2,500, 5,000, 10,000 AND 25,000 REFERRAL LEVELS when they get other new reach clients/members to open personal or small business deposit accounts at REACH. The REACH CA$H COMMISSION STRUCTURE is as follows:

REFER 25 NEW UNIQUE CLIENTS/MEMBERS TO REACH

REACH deposit total at US$5 = US$125 (25 x 5)
PAYOUT to recruiting client/member = US$12.50 (10%)
REACH deposit total at US$25 IS US$625 (25 x 25)
PAYOUT to recruiting client/member = US$62.50 (10%)

REFER 100 NEW UNIQUE CLIENTS/MEMBERS TO REACH

REACH deposit total at US$5 = US$500 (100 x 5)
PAYOUT to recruiting client/member = US$50.00 (10%)
REACH deposit total at US$25 = US$2,500 (100 x 25)
PAYOUT to recruiting client/member = US$250.00 (10%)

REFER 500 NEW UNIQUE CLIENTS/MEMBERS TO REACH

REACH deposit total at US$5 = US$2,500 (500 x 5)
PAYOUT to recruiting client/member = US$250.00 (10%)
REACH deposit total at US$25 = US$12,500 (500 x 25)
PAYOUT to recruiting client/member = US$1,250.00 (10%)

REFER 1000 NEW UNIQUE CLIENTS/MEMBERS TO REACH

REACH deposit total at US$5 = US$5,000 (1000 x 5)
PAYOUT to recruiting client/member = US$500.00 (10%)
REACH deposit total at US$25 = US$12,500 (1000 x 25)
PAYOUT to recruiting client/member = US$1,250.00 (10%)

REFER 2500 NEW UNIQUE CLIENTS/MEMBERS TO REACH

REACH deposit total at US$5 = US$12,500 (2500 x 5)
PAYOUT to recruiting client/member = US$1,250.00 (10%)
REACH deposit total at US$25 = US$62,500 (2500 x 25)
PAYOUT to recruiting client/member = US$6,250.00 (10%)

REFER 5000 NEW UNIQUE CLIENTS/MEMBERS TO REACH

REACH deposit total at US$5 = US$25,000 (5000 x 5)
PAYOUT to recruiting client/member = US$2,500.00 (10%)
REACH deposit total at US$25 = US$125,000 (5000 x 25)
PAYOUT to recruiting client/member = US$12,500.00 (10%)

REFER 10000 NEW UNIQUE CLIENTS/MEMBERS TO REACH

REACH deposit total at US$5 = US$50,000 (10000 x 5)
PAYOUT to recruiting client/member = US$5,000.00 (10%)
REACH deposit total at US$25 = US$125,000 (10000 x 25)
PAYOUT to recruiting client/member = US$25,000.00 (10%)

REFER 25000 NEW UNIQUE CLIENTS/MEMBERS TO REACH


REACH deposit total at US$5 = US$125,000 (25000 x 5)
PAYOUT to recruiting client/member = US$12,500.00 (10%)
REACH deposit total at US$25 = US$625,000 (25000 x 25)
PAYOUT to recruiting client/member = US$62,500.00 (10%)