FCO Bank is an online private bank providing a digital amount transfer system with registered beneficiary accounts. This digital amount is not a real payment because FCO Bank is not using any kind of Payment gateway.
We don't store any bank related information of our customers.
Brief Description of the application about how it works:-
The user can add a digital amount into their accounts by contacting the Administrator team. Once the digital amount will be added to the account, users can add the beneficiary accounts to start the transfers. This application is not using any payment gateway so no secret information such as Bank Account Number, Credit Card Details or any other sensitive information being stored, Neither we asking for such information to this application is fully secure to use.
The application is secured through the TIC and OFAC Codes. So whenever any user requesting any transfer to the beneficiary, a TIC (Transfer Identification Code) being sent to the account owner's (who is making the transfer to the beneficiary) registered mobile number. The transfer will not be placed for review until the correct TIC filled by users to confirm the transfer request. After the successful submission of the TIC code, customer refers to the next screen where the user is being asked to confirm the transfer by filling the OFAC Code. This OFAC Code will be provided by the administrative team directly to the customer's registered email address to verify the user transfer. It will be the last step and after filling the correct TIC and OFAC, the transfer will complete.
Here is the list of features listed on the application:-
1. Secure Login and Registration
2. Customer Dashboard
3. Beneficiary List
4. Add Beneficiary
6. Transaction Details
7. TIC Verification ( On customer end by OTP on customer's registered mobile number)
8. OFAC Verification ( Administrative team will provide the OFAC code for the verification purpose by registered email )