Zil Money, is a financial technology company, not a bank. Banking and money movement services are provided through partner financial institutions and licensed service providers. FDIC insurance coverage applies only to eligible deposit products and accounts, and is subject to applicable terms, conditions, limitations, and requirements. Additional information regarding partner institutions, products, and services is available in the applicable terms and agreements.

Prohibited Countries, Products & Services

 

Prohibited Countries/Jurisdictions

Zil Money will not originate accounts, send/receive payments or issue cards to persons or businesses from the countries/jurisdictions below:

  • Albania
  • Bosnia-Herzegovina
  • Belarus
  • Burundi
  • Central African Republic
  • Croatia
  • Cuba
  • Cyprus
  • Democratic People’s Republic of Korea
  • Democratic Republic of the Congo
  • Iran
  • Iraq
  • Lebanon
  • Libya
  • Macedonia
  • Montenegro
  • Nigeria
  • Pakistan
  • Russian Federation
  • Serbia
  • Slovenia
  • Somalia
  • South Sudan
  • Sudan and Darfur
  • Syria
  • Turkey
  • Ukraine including Luhansk and Donetsk
  • Venezuela
  • Yemen
  • Zimbabwe

    High/Medium Risk Countries/Jurisdictions

    Zil Money will require enhanced due diligence (EDD), to originate accounts, send/receive payments or issue cards to persons or businesses from the countries/jurisdictions below:

    • Afghanistan
    • Algeria
    • Angola
    • Antigua and Barbuda
    • Argentina
    • Armenia
    • Azerbaijan
    • Bahamas
    • Bangladesh
    • Barbados
    • Belize
    • Benin
    • Bolivia
    • Botswana
    • Brazil
    • Burkina Faso
    • Burma
    • Cambodia
    • Cayman Islands
    • China
    • Colombia
    • Cote D’Ivoire
    • Ecuador
    • Gaza
    • Ghana
    • Guinea Bissau
    • Haiti 
    • Hong Kong
    • Jamaica
    • Jordon
    • Kazakhstan
    • Kenya
    • Lao People’s Democratic Republic
    • Liberia
    • Macau
    • Mali
    • Malta
    • Mauritius
    • Mexico
    • Mongolia
    • Morocco
    • Mozambique
    • Myanmar
    • Nicaragua
    • Panama
    • Paraguay
    • Philippines
    • Republic of South Africa (RSA)
    • Senegal
    • Sierra Leone
    • Tajikistan
    • Tanzania
    • Thailand
    • Trinidad & Tobago
    • Tunisia
    • United Arab Emirates
    • Uganda
    • West Bank
    • Western Sahara

      BANNED Industries

      These industries are prohibited from using the Zil Money platform. A customer identified with a Banned NAICS or MCC code will be blocked at onboarding. A Compliance Officer can override this block with direct communication to the CCO and COO.

      Industry Category NAICS Code(s) MCC(s)
      Money Services Businesses (MSBs) 522291, 522320, 522390, 523160 6010, 6011, 6012, 6050, 6051, 6211
      Cannabis-Related Businesses 111419, 111998, 459991 N/A
      Cryptocurrency / Virtual Currency 523130, 523160, 522320 6051
      Gambling & Gaming 713210, 713290, 721120 7995, 5816
      Adult Entertainment 512290, 711190 5967, 7273
      Third-Party Payment Processors 522320 6012