Asia’s First
Full Reserve
Digital Bank
100% of your cash deposits will be kept safe and available for immediate withdrawal.
Sign up and get started today.
Get startedORO Bank is the official digital bank of the new Gelephu Mindfulness City Special Administrative Region (SAR) in
BHUTAN
Being a small nation makes us a smart nation, this is not out of choice but out of necessity. Technology is an indispensable tool that will be necessary to realize this aspiration
Jigme Khesar Namgyel WangchuckKing of Bhutan
Why ORO Bank
We provide Accounts in Multiple Currencies for Individuals and Businesses from all industries
At the moment, ORO Bank registration is not available for Bhutanese citizens. We recommend exploring Digital Kidu, a Bhutanese bank where you can easily open an account. We appreciate your understanding.
- Internet / Fintech
- Bio-tech / Health-tech
- AI / Deep Tech
- Blockchain / Web3
- ESG Enablers / Climate Tech
- Content Creators / Influencers
- Institutional Investors / Investment Funds / Family Office / etc
13 currencies supported
USD, EUR, JPY, GBP, HKD, SGD, AUD, CAD, NZD, NOK, SEK, THB and CNH
Same Day Approval - As fast as 30 sec for Individuals and 3h for Businesses
*Approval time may vary*
- Supports IDs from 220 + countries and territories.
- Screens 14,000 + document types (37 languages).
- Direct check access to government databases for India, Indonesia, Nigeria, Brazil, and Argentina (>2B people)
- 400M + AML fles on companies and UBOs available for KYB via Sumsub.
We conduct Dynamic & Perpetual Compliance
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Global Compliance Screening
Screen customers against 1000+ global watchlists and 100+ sanctions lists, incl. OFAC, UN, HMT, EU, DFAT, etc
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Comprehensive PEP Screening
Identify PEPs by checking 7,000+ sources and providing their profiles, including information on family members and close associates
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Continuous Media Monitoring
Monitor thousands of media sources for negative mentions and aggregate the data into customer profiles on an ongoing basis
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AI-Powered AML/CFT Risk Detection
Harness the power of AI and industry expertise to detect AML/CFT risk and stay compliant with our cutting-edge transaction monitoring solution.
our technology partners
in adherence with
Your benefits
Zero Fees
No account opening or maintenance fees. No minimum balance. No overdraft or returned wires fee. However, we may charge small fees for future investment products or value-added services (3rd party fee may apply).
24/7 Settlements
Instant O-Net transactions and rapid international transfers, all with efficient settlements, ensuring your funds ready at all time.
Banking with peace of mind
Your deposits are always 100% available and never used for lending or investments. This is core to our business proposition, values, and our unwavering commitment to customers and the standard by which we are regulated.
Compliant with Global Guidelines
Our compliance with global guidelines ensures that your money is always handled responsibly and securely, no matter where in the world it goes.
Enjoy the flexibility of multi-currency accounts
Create and transfer between different currency accounts without the hassle of conversion.
Frequently
Asked
Questions
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What is full reserve banking, and how is it different from traditional banking?
Full reserve banking means 100% of a customer's current account deposits (also called ‘demand - deposits,’ i.e., not including ‘time / term - deposits’) is fully backed by corresponding reserves, thereby mitigating the risks associated with bank runs and providing unparalleled financial stability. The customer’s money will always be available when needed.
Traditional banks, on the other hand, engage in 'fractional reserve banking', lending out customer deposits, which introduces risk and potential limitations on withdrawals, as we observed with the bank run at Silicon Valley Bank, where $142 billion out of $175 billion in customer deposits were withdrawn (or queued to be withdrawn) within two days, leading to its collapse. -
Are there any downsides to full reserve banking?
Since we keep 100% of your full reserve account deposits and do not invest or lend any portion, your money is always secure, safe, and available when you need it. The downside is that your full reserve account does not earn interest. ORO Bank offers other products such as time / term deposits, allowing you to control how much of your funds are invested in interest bearing products (coming soon).
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Who is ORO Bank for?
ORO Bank welcomes everyone. Our inclusive approach extends to all individuals and entities, including those typically not served by traditional banks, such as startups, fintech companies, and other businesses. If you fit the following, ORO Bank is for you!!
- I am a startup and don’t have enough track record to open a bank account
- I am in a disruptive industry and banks don’t understand my biz model
- I am a self employed Influencer / globetrotting entrepreneur / DAO and don’t fit the traditional corporate structure. *Restrictions may apply.
- I love Bhutan!! Sustainability, Wellness and Financial Independence resonates with me.
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What currencies does ORO Bank support?
At present, ORO Bank supports transfers in 13 currencies: 🇺🇸 USD, 🇪🇺 EUR, 🇯🇵JPY, 🇬🇧 GBP, 🇭🇰HKD, 🇸🇬 SGD, 🇦🇺 AUD, 🇨🇦CAD, 🇳🇿 NZD, 🇳🇴 NOK, 🇸🇪 SEK, 🇹🇭 THB and 🇨🇳 CNH.
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How does ORO Bank make money if Fees are Zero?
Enjoy ORO Bank’s services without any fees. There are no account opening fees, no maintenance fees, and no overdraft fees.
However, when we launch investment products and value added services in the future, we will charge a small transaction fee.
*Please note that third-party fees, such as SWIFT transfer fees, may apply. -
Why Bhutan?
Bhutan, nestled in the Himalayas, is a serene kingdom renowned for its breathtaking landscapes, vibrant cultural heritage, and commitment to Gross National Happiness. Bhutan’s vision and leadership assure political independence and stability, with a strong focus on sustainability and wellness that aligns perfectly with ORO Bank’s mission. The creation of a Special Administrative Region demonstrates Bhutan’s commitment to innovation, making it an ideal location for ORO Bank and its customers.
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What does ORO mean?
ORO is the national bird of Bhutan and symbolizes divine guidance and protection for the country. Additionally, ORO means gold in Latin. This dual symbolism emphasizes our commitment to intelligence, guardianship, and the enduring value we strive to provide our customers.
Bridging Traditional Finance
and the Future of Finance
Experience the power of sustainable, full reserve banking