What is required to open a Normavila account?                                                                                                                     

For all applicants, we require an active United States entity with an EIN number. We may also ask for a copy of your certificate of incorporation and your EIN verification letter. 

If you reside outside of the United States, we will also require a valid passport and a recent bank statement, lease or utility bill to verify your home address. We do not require applicants to reside in the United States.

 

 

How long does it take to open an account?

We can generally open an account in as little as 3 business days. If additional documents are required, then it will likely take longer.

 

 

Are there any minimum balance requirements?

No! We have no minimum balance requirement; however we do require that you activate your account by transacting at least once in the first 60 days.

 

 

How do I deposit funds into my account?

If you’re sending money from a US bank account, you can link your account or send a wire or ACH transfer directly to your Normavila account. If you’re depositing funds from an international bank account, we accept SWIFT payments, as well as local payments for CAD, GBP & EUR.

 

 

Are there any transaction limits?

There is a daily transaction limit of $50m, with a few other limits depending on the payment method and tier of the account. If you ever need to complete a large transaction, please reach out to us for assistance. There are no limits on inbound transactions.

 

 

Are my funds FDIC insured?

Yes, we partner with FDIC Insured banks therefore, all funds held in USD deposit accounts are insured up to $75m.

 

 

Can I make international transactions from my account?

Yes! We simplify cross-border and multi-currency transactions. You can send payments to over 180 countries in over 30 different currencies.

 

 

Are there any fees associated with running my account?

All accounts receive 10 free wires and 20 free local payments each month.

 

 

 

For more information, please contact us at treasury@normavila.com

 

 

 

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*Normavila is not a bank; instead, we partner with FDIC insured banks to provide deposit account products. Brokerage custody is provided by Pershing LLC, member FINRA , NYSE , SIPC , a BNY Mellon company. Sources: FINRA, SIPC, BNY Mellon Pershing, TreasuryDirect and others.

To provide certain investment features, we have joined forces with Helium Advisors LLC ("Helium"), an SEC-registered investment advisory firm. It is important to note that while we are not directly affiliated with Helium, we do receive compensation based on a percentage of assets managed for us by Helium for promoting their investment advisory services.

*Returns on investments are subject to fluctuations due to market conditions, and actual results may vary based on these changes in interest rates. The estimated returns of up to 5.0% are based on the Treasury Yields as of March 16th, 2023. The information presented in this context is purely for informational purposes and should not be considered as personalized investment advice. It should not be interpreted as a recommendation, offer, or solicitation to purchase or sell any specific security, strategy, or investment product. Investing in securities carries inherent risks, including the potential loss of capital, and past performance is not indicative of future outcomes. Historical returns, projected returns, and probability projections are provided for illustrative and informational purposes only and may not accurately reflect actual future performance. The product images shown are purely illustrative and do not necessarily represent the exact appearance of the product. Personalized investment advice can only be provided through direct one-on-one communication. The materials and services presented in this context are intended for business entities located within the United States of America who are current or prospective customers.

Account opening usually takes 2-3 business days or less, assuming all required documentation is in order. In exceptional cases, the process may take longer.

Address: 9160 Forum Corporate Pkwy, Fort Myers, FL 33905

phone number: (844) 667-6280

email: treasury@normavila.com

2024 © Norma I LLC  (Normavila)