Cash Plus

I just read in the Gleaner that the banks are not cashing them. This will seriously hurt some people if they were counting on this money. It's like a diet pryamid?

If I understand correctly, Olint and Cash Plus are giving local banks a run for their money, no pun intended. In response, however, three local banks refuse to honor checks and more species Olint as they claim that these two groups are not bona fide financial companies or something to that effect, a new rule apparently because it has not discouraged when the accounts were first opened! It is in any way give the impression that there are no funds available, with the hope that investors will rush to withdraw their money and cause financial ruin. It didn't work and apparently the truth is that money is available and if O & CP seek alternate arrangements with other bank banks issuing debit cards as well as individuals have access to funds without having to change the controls to one of these three banks.

The big joke is that investors are also aware of what is happening and make people who have accounts at three banks to remove their money and invest with other institutions. It is now wait and see what happens ......

As I also understand, these firms are involved in foreign exchange, among others, enabling them to offer higher returns on the dollar compared with local banks. FX trading seems to be the latest fashion that everyone is inside. Anyway, because they function as a club with its members are not legally required to be registered as a financial institution. Interestingly CP asked I understand such a license, and was rejected even a court case is currently pending ...... and the saga will unfold!

You earn money on your money, you invest a sum with them and you make an interest equal to the amount you have invested in 10 months ... interest is paid on your account every month.