Banco de Venezuela Starts Online Bank Transfer Service

- Monday, November 6, 2000

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Venezuelan bank Banco de Venezuela has implemented the Clavenet system, enabling online payments to US banks, as well as the ability to make fixed-term deposits through the Internet.

Clavenet clients are able to transfer money to their own accounts or accounts belonging to other individuals or organizations. The minimum transfer is US$500 and the maximum is US$5,000.

The investment service also allows users to make flexible fixed-term deposits ranging from seven days to one year, without having to to visit a bank branch.

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