Primary regulator
OCIF is the financial regulator of the Commonwealth of Puerto Rico. It authorises, examines and supervises International Financial Entities operating from Puerto Rico.
Company
Licensing and regulation
Arrival Bank Plc is a U.S.-licensed digital bank (neobank) regulated in Puerto Rico and Europe, supervised by the Office of the Commissioner of Financial Institutions of Puerto Rico (OCIF) under International Financial Entity license #IFE-065.
Licence details
Our licence permits us to provide banking and payment services to international clients.
- Licence type: International Financial Entity (IFE)
- Licence number: IFE-065
- Registered office: 1250 Ponce de León Ave., Ste 504, San Juan, PR 00907-3914
Compliance framework
We operate an Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) programme, including Know Your Customer (KYC) and Know Your Business (KYB) due diligence, sanctions screening and ongoing transaction monitoring.
Deposit insurance
Federally Insured by NCUA. Eligible deposits are insured up to $2,500,000 through partner financial institutions.
Frequently asked questions
How can I verify your licence?
You may contact OCIF directly and quote licence number IFE-065.