Money Service Account (MSA)

The Money Service Account is a customer’s multi-currency account opened in the books of CG Pay Ltd for the customer’s incoming and outgoing domestic and international payments, for currency exchange, payments by cheques and cheques cashing. The Money Service Account is similar to a bank checking account, but an overdraft is not allowed and interest is not paid on the credit balance. The Money Service Account with CG Pay Ltd can be loaded by bank wire transfer, by cheque or by cash in 75 countries through the Unistream Payment System. Customers can withdraw their funds through wire transfers, cheques, prepaid debit Master-Cards and by cash in 75 countries.

Money Service Accounts are available for private persons and businesses and are opened online. As a private customer, you should accept the Service Agreement and Privacy Policy of CG Pay Ltd and provide the company with a certified copy of a valid passport and a utility bill confirming your place of residence.
As a corporate customer, a Certificate of Incorporation, By-Laws and Resolution of opening an account with CG Pay Ltd should be provided in addition to the documents for a Personal Money Service Account for the director. International clientele are welcome and an account may be opened non-face-to-face.

The main benefits of a Money Service Account with CG Pay Ltd are:

• Free account maintenance;
• One multi-currency account for 14 currencies;
• Cost-effective international wire transfers online;
• Free incoming international wire transfers in USD, GBP, EUR, CHF and, CZK for Private MSA;
• Beneficiary’s USA bank accounts credited in USD within 24 hours;
• Low-margin currency exchange rates;
• Cost-effective and faster cheques cashing in USD, CAD, GBP, EUR and some other currencies;
• Low-cost cheques issued in USD, GBP, EUR, CZK and mailed to the beneficiary’s address;
• Cost-effective and fast cash payments to/from 75 countries online;
• Low-cost, prepaid debit Master-Cards for international customers;
• Low-cost, prepaid Master-Cards with card-to-card payment option;
• Virtual Master-Cards for internet payments with locking option.

Open a Money Service Account now