Beal Bank
United States
1988 (38 Years)
Last online: No recent activity
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2.62
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2.67
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License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Company Information
Get to know Beal Bank
Company Information
Get to know Beal Bank
Founded in 1988 by D. Andrew Beal, Beal Bank, along with its affiliate Beal Bank USA, operates as a wholesale financial institution. The bank's primary business model involves funding its operations by offering high-yield deposit products, such as Certificates of Deposit (CDs) and Money Market Accounts, to the public. These funds are then used to purchase and invest in commercial and real estate loans, as well as other debt instruments across various industries, including energy, manufacturing, and technology. The bank does not operate a traditional retail branch network, focusing instead on a centralized model for its deposit and lending activities.
Industry
- Financial BankingPRIMARY
- Financial Investment
- Financial Other Service
Reviews
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onimisimaleeq
Direct review
Average
Overall Thought
Do not put your money here. We did and after weeks of them not getting the paperwork right they changed the CD rate we signed up for. Then charged us to remove our money because they didn't give us the rate quoted. Instead of getting the higher rate that they advertised, we got 1.01 when all other banks were giving 2.9. I'm rating it 2 stars⭐⭐ until you improve the app in the next update
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