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How do you open a quasi bank?

Updated: 9/22/2023
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11y ago

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iam moving to the Philippines from the usa and i have wells fargo bank

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11y ago
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Q: How do you open a quasi bank?
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Is riddance a quasi bank?

now riddance has opened a quasi bank


Is ther any branch of riddance quasi bank in satna in mp?

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What is the quasi bank?

from what I've learned from law, quasi means "as if" so if you put that first word (quasi) to other it means almost but not exactly same. quasi- combining form meaning "resembling," "having some, but not all of the features of," used in the formation of compound words: a quasi contract, an implied contract, an obligation which has arisen from some act, as if from a contract; a quasi corporation, a body that has some, but not all, of the peculiar attributes of a corporation; a quasi argument, that which resembles, or is used as, an argument; quasi historical, apparently historical, seeming to be historical. so if the term is a quasi-bank, i think that the rules and objectives of that are the same like the commercial bank, but this thing are only in effect to someone (a group) who has agree/join on this agreement. as if a bank, but not the one honored to do business for public.


What is quasi banking?

The word 'quasi' is an adjective that describes something as resembling or having some resemblance usually by possession of certain attributes; as though: just as valid in law as if actual; almost but not quite: resembling somebody or something in some ways, but not exactly the same. A quasi-bank has the rules and objectives of that are the same as a bank, but is only in effect to someone (a group) who has agreed or joined this agreement, as a bank, but to do business for the public.


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