Capital Exportation
Given the increasingly stringent and restrictive regulations on international bank transfers, PiggyBank offers a simple, risk-free and 100% legal solution. The user who wants to send capital abroad will have to open a PiggyBank account and will have to carry out the following procedure to remain in the legality and away from tax assessments:
Step 1
Top up wallet (the top up is not a credit transfer and therefore is not fiscally relevant as it is not comparable to a payment).
Step 2
Convert the amount to export into the currency of the destination country (the currency conversion is also not fiscally relevant).
Step 3
Send the converted sum, via our platform, as a national transfer (with this procedure the international transfer is eliminated).
How we make this service possible?
PiggyBank , making use of the large capital, partners, and multiple offices at its disposal, in order to respect the laws in force on the matter, will not carry out an international transfer but will send a national transfer from the current account of the country of destination to the current account required by the sender, in the same country, carrying out an internal clearing only afterwards (the internal clearing procedure is 100% legal).