NewAge-Bank.com is a not a real bank. New Age Bank is a Ponzi scheme which has gone too far to call itself a bank. Why we think it is a Ponzi scheme and not a legal bank? Well, you will find that answer here within our NewAge Bank Review in detail. You will also find the answers of queries like what is NewAge Bank, either is NewAge Bank scam or legit, why are we saying NewAge Bank a Ponzi scheme, either is business model of NewAge Bank legal or not, either is there any negative NewAge Bank reviews or NewAge Bank complaints or not and so on. First of all it is better we stop calling it a bank and only take it as an online work company which fall under illegal Ponzi scheme. So, we have listed it within our Not Recommended online work companies list because in order to recommend any online work companies, the major factors that we consider is their business model which should be sustainable and legal, but in case of NewAge-Bank (Bank NewAge), it is not. For example, you can take a look at our recommended online work companies list by clicking this link:- newsonlineincome.com/legitimate-work-home-businesses/
OR, you can just take a look at our No.1 Online Work Company in order to find out what do we mean by legal and sustainable business by clicking this link:- newsonlineincome.com/wealthy-affiliate-review/
But in case of New Age Bank, their business model is neither a legal, nor a sustainable. Why? OK, in order to find out what is NewAgeBank in real, let's begin with our New Age Bank review as below.
New Age Bank login and join in link:- https://newage-bank.com/ (Not recommended to join)
New Age Bank, which was registered in 2017-02-11, is nothing but a Ponzi Scheme which is fooling people to be a real online bank. But in reality, none of the real bank can give you 200% ROI on your deposit amount within 23 days or 10% commission on your referral purchases. Even if legal banks really start to pay that much interest, their license will be seized by concerned government authorities. More than that, the real bank can make profit only by lending loan, but in case of NewAgeBank, they are not focusing to lend a loan, but just to take a deposit. More than that, to make their business sustainable, they should find the people who are willing to take a loan at the rate more than 100% interest per month. Are you ready to pay 100% interest per month to take a loan? Of course not. So, they are not here to make a real profit by giving loan, but they will just keep on paying existing members by using money invested by new members into their system, completely a Ponzi scheme.
Advertisement section below
End of Advertisement section
More than that the company which called itself a bank even doesn't dare to declare its owner detail clearly and doesn't provide any information about that in its website. Yep, in their marketing video, they have shown Kai Williams as an Executive Director of the company. But, there is not any legal proof that he is the real owner of the company and if later NewAge-Bank turned into scam, no one catch Kai Williams just because he was in the marketing video of New Age Bank because he can simply say that he was just a performing for marketing video, but haven't any link with a NewAge-Bank.com
However, they have shown their registration document of UK Companies House, but that registration document don't give them any legal authority to open a bank, which is just a registration document for tax purpose which anyone can register within UK Companies House in just 20 GBP for which even no need to provide the real address, but any rental address will be enough. Many Ponzi Schemes have been registered within UK Companies House by renting virtual address and most of them had already tuned into scam which proves that those registration documents can't stop any companies to turn into scam. If you can invest 20 GBP, you can also register company in UK Companies House. It is very easy.
Yep, in that registration document also they have mentioned Kai Williams as an executive director of New Age Bitcoin Ltd., but that doesn't prove he is the owner of New Age Bank because that registration document which they have shown is in the name of completely different company known as NewAge Bitcoin Ltd. which doesn't have any relation with NewAge-Bank.com. So, later on if NewAgeBank turn into scam, they can simply say that website doesn't belong to them and that website was just using their registration document without their consent. More than that, even if Kai Williams is the real owner, then also that doesn't make this business legal because it is not a registered bank and also doesn't make it sustainable because none of the legit bank can survive by paying 100% interest within 23 days.
So, this already proves NewAge-Bank is not a real bank which will just pay at starting in order to lure more people into its system and keep on paying the existing members by using the money deposited by new members as same as in Ponzi Scheme. OH wait, it is actually a Ponzi scheme.
In official website of NewAge Bank, you will find out the details about providing loan to their clients as shown in the screenshot below.
If you observe in the screenshot as above, you will find out the fact that they have mentioned that giving loan is limited to the list of countries. However, taking deposit is not limited to any countries. More than that, if you do the deep reserach like we did, you will find out that there isn't even a one person who has taken loan from this so called bank. So, without giving loan how are they operating their bank just by taking deposit? Of course, like we have said before, by following Ponzi scheme model. If you don't know what is Ponzi scheme, then you can click this link:- newsonlineincome.com/2017/03/06/what-is-pyramid-scheme/
Aforementioned, it is clear that neither the owner details of New Age Bank is clear nor its business model is legal or sustainable. More than that, you must know the fact that none of the legit bank can afford you to pay 200% within 23 days. That is bogus claim. So, it is clear that they will keep on paying existing members at starting by using the money of new members and once they start to find out that withdrawal amount is becoming more than the deposit amount coming into the system, they will just shutdown their site or simply stop paying. So, there is a huge risk to invest in such kinds of companies, actually we should avoid these kinds of sites. We feel so bad that they are showing cards and pretending to be a real bank due to which many people is falling into this Ponzi scheme. But we suggest all of them to stay out of this Ponzi scheme.
If you want to earn money online, then there are many legit ways and one of them is our No.1 recommended online work company known as Wealthy Affiliate about which you can find details by clicking this link:- newsonlineincome.com/wealthy-affiliate-review/
You can also find our list of recommended online work companies by clicking the link as below:-
However, if your choice is only the easy companies where you can earn money just by investing some money without doing anything and if you are ready to take a risk for that, then you can find those kinds of some popular companies by clicking this link:- newsonlineincome.com/work-home-reviews/
We know that many people here may be argue with us by saying that New Age Bank is a legal business and they are getting paid on time from this bank. But, you should know the fact that every Ponzi Scheme pays at starting. The only who lose money in Ponzi schemes are those who joined at last or invest at last. But the motto of our website is to save everyone to lose their money before that happens. So, we simply don't recommend anyone to join and deposit their money into NewAgeBank which simply isn't a real bank. Anyway, if NewAge Bank can provide us any proof which is 100% legal and approved by concerned government authorities to show that they can pay 200% ROI in every 23 days, then they can feel free to use our comment section below in order to clear the issue for which even we are ready to amend our review.
Warning! Another similar scam in the name of reputed Bank about which you can find the details by clicking this link:- newsonlineincome.com/china-construction-bank/
Please feel free to share this New Age Bank review with your friends and families to save them from this scam:-
We love to have a comment from you. So, please feel free to leave your comment below if you have to say anything about NewAge Bank or want our help in relation to online work industry.
We will be more than happy to help you and hear from you.