Banco Inter Wins U.S. Approvals to Open International Agency in Miami

Overview

• Florida’s Office of Financial Regulation and the Federal Reserve authorized Banco Inter to establish an international agency in the state.
• The authorization enables the bank to serve international customers from a U.S.-based operation.
• The Miami unit will operate as a digital-first hub offering checking and savings accounts, debit and credit cards, and multiple lending products.
• The agency will be able to gather U.S. dollar deposits from foreign clients.
• CEO João Vitor Menin said the approval will help scale offerings, increase convenience for customers, and strengthen the bank’s position in the international financial system.