Euro Pacific Bank

What Euro Pacific Bank does

Euro Pacific Bank was an international, full-reserve digital bank incorporated in Puerto Rico and regulated by the Office of the Commissioner of Financial Institutions (OCIF) as an International Financial Entity. Founded in 2011 and headquartered in San Juan, the bank served expats, perpetual travelers, and international investors across 210 countries and territories through an online-only platform, offering multi-currency bank accounts, foreign exchange, bank cards, time deposits, precious metals custody, mutual funds, and brokerage services via the Euro Pacific Trader platform and its wholly-owned subsidiary Euro Pacific Securities, Inc. The bank operated under a full-reserve model (100% liquidity, 100% deposit ratio, zero loans) with four wholly-owned operating subsidiaries spanning broker-dealer, fund management, card services, and staffing functions. Peter Schiff served as Chairman and sole shareholder.

Name

Euro Pacific Bank

Legal name

Euro Pacific Intl. Bank Inc.

Website

https://europacbank.com

Company type

Private

Founded year

2011

Operating status

Closed

Headcount range

101–250 employees

Short description

Euro Pacific Bank was a Puerto Rico-licensed, full-reserve international digital bank serving expats and international investors across 210 countries with multi-currency accounts, FX, precious metals custody, brokerage, and mutual funds. The bank was suspended by OCIF in 2022 and is now in liquidation.

Ownership category

akta.pro rank

Product category

International Retail Banking

NAICS

Commercial Banking (52211)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industries

Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG), SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)

Keywords

• International banking services
• Multi-currency accounts
• Foreign currency exchange
• Precious metals storage
• Online brokerage trading

Headquarters

HQ city

San Juan

HQ country

Puerto Rico

HQ region

Latin America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Banking Services: Interest earned on multi-currency deposits, fees on wire transfers (incoming and outgoing), foreign exchange spreads, and account maintenance fees for multi-currency bank accounts.
2. Brokerage Services: Commissions and fees from trading through Euro Pacific Trader platform on over 20 global exchanges, including stocks, futures, Forex, ETFs, CFDs. Offered through Euro Pacific Securities.
3. Precious Metals Storage: Storage fees and commissions for holding physical gold and silver in allocated/unallocated accounts. Custodian transfer fees of $2.00/oz for gold and $0.35/oz for silver were charged during custodian migration in 2020.
4. Mutual Funds: Revenue from proprietary mutual fund products offering international securities and currency exposure. Offered through Euro Pacific Funds.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Euro Pacific Bank was a full-reserve international digital bank offering multi-currency bank accounts, foreign currency exchange, physical precious metals (gold and silver) storage accounts, and an online brokerage platform (Euro Pacific Trader) with access to over 20 global exchanges. The bank served expats, international travelers, and investors seeking stable, flexible banking across borders, operating under a 100% liquidity, zero-loan model. The bank has been in liquidation since June 30, 2022 following suspension by Puerto Rico's Office of the Commissioner of Financial Institutions (OCIF).

Product overview

Euro Pacific Bank was a full-reserve international bank operating as a digital banking platform with multiple integrated financial products. The core offering included multi-currency bank accounts with foreign exchange services, a Precious Metals Account for physical gold and silver investment, and the Euro Pacific Trader brokerage platform offering access to over 20 global exchanges. Additional products included mutual funds (offered through Euro Pacific Funds), bank cards, and time deposits. The bank was positioned as an expat banking solution with global reach across 210 countries. The bank operated under full-reserve principles (100% liquidity, 100% deposit ratio, zero loans). The bank has been in liquidation since June 30, 2022 following suspension by Puerto Rico's OCIF, with customer accounts being migrated or liquidated.

Differentiator

Problem solved

Functional benefit

Brands

• Euro Pacific Trader: Award-winning brokerage trading platform offering access to over 20 global exchanges, futures, Forex, ETFs, CFDs and more. Offered through Euro Pacific Securities.

Products and services

• Multi-Currency Bank Accounts Digital bank accounts allowing customers to hold and transact in multiple global currencies with multi-currency capabilities, designed for expats and international clients.
• Foreign Currency Exchange Foreign exchange services allowing customers to take advantage of industry-leading foreign exchange rates to save and hold multiple global currencies.
• Precious Metals Account Account allowing customers to invest in physical gold and silver while maintaining the convenience and access of an online bank, backed by physical precious metals stored in secure vaults with 1:1 price exposure.
• Euro Pacific Trader (Brokerage) Brokerage trading platform offering access to over 20 global exchanges, futures, Forex, ETFs, CFDs, and other securities. Offered through Euro Pacific Securities.
• Mutual Funds International mutual fund products offering turn-key exposure to a portfolio of international securities and currencies with opportunities for diverse income. Offered through Euro Pacific Funds.
• Bank Cards Debit cards enabling withdrawals at thousands of ATMs and transactions at millions of merchant locations across 210 countries and territories worldwide.
• Time Deposits Time deposit accounts offering fixed-term savings with guaranteed returns for customers seeking stable, predictable investment options.

Quantifiable outcome

• 100% Deposit Ratio with Zero Loans - Full reserve banking model ensuring all customer deposits were fully backed

Named customers2 records

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• Qenta Inc.coreStrategic or Co-development Partner · 30 September 2022Qenta Inc. was the designated successor organization for customer migration following Euro Pacific Bank's liquidation. The Purchase and Assumption Agreement was signed on September 30, 2022. Qenta was to acquire customer deposits, precious metals, mutual funds, and the bank's four wholly-owned subsidiaries. Qenta terminated the agreement in July 2025 without completing onboarding or returning all assets.
• Interactive BrokerscoreTechnology or Integration · 29 August 2022Interactive Brokers served as the custodian for Euro Pacific Bank's brokerage accounts and mutual funds. Customer brokerage positions were transferred to Interactive Brokers fully-disclosed accounts during the liquidation process.

Scale indicators4 records

Recent moves8 records

Emerging players

• Revolut: Digital bank offering multi-currency accounts, FX, cards, and trading products to a global customer base including expats and travelers — overlapping with Euro Pacific's product suite though at different scale.
• Wise (TransferWise): Digital multi-currency account provider serving expats and international travelers with low-cost FX and global transfers — comparable target customer (expats/perpetual travelers) but different regulatory model.

Broad incumbents

• Interactive Brokers: Large global brokerage and custodian offering access to 150+ markets across multiple exchanges, futures, FX, ETFs, and CFDs — overlapping with Euro Pacific Trader's brokerage offering and serving as Euro Pacific's custodian.
• HSBC Expat: Global bank's expat-focused division offering multi-currency accounts and international banking to expats and global citizens — same target customer segment as Euro Pacific at much larger scale.

Direct peers

• Choice Financial Group: U.S.-based financial group offering international banking, multi-currency accounts, and offshore services to expats and non-U.S. persons — similar niche targeting and product set.
• GoldMoney: Online precious metals investment and custody platform allowing users to buy, sell, and store physical gold, silver, platinum, and palladium — directly comparable to Euro Pacific's Precious Metals Account.
• BullionVault: Online physical gold, silver, platinum, and palladium vaulting and trading platform serving retail investors globally — overlapping with Euro Pacific's precious metals custody offering.
• Caye International Bank: Belize-based international bank targeting expats, retirees, and offshore clients with multi-currency accounts, FX, and precious metals services — closely comparable business model and customer base to Euro Pacific Bank.
• Atlantic International Bank: Smaller international financial entity offering offshore-style banking, multi-currency deposits, and asset preservation services for international clients.

Others

• Mercury (digital bank): Digital banking platform with multi-currency capabilities — adjacent rather than directly competitive, but represents a similar technology-forward approach to international banking services.

Market position

Strengths3 records

Weaknesses4 records

Competitive moat2 records

Key risks6 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/euro-pacific-bank

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Euro Pacific Bank