Silicon Valley Bank failure will have minimal impact on Connexionz
You may or may not be aware that our US Bank was Silicon Valley Bank, which failed on Friday.
Fortunately, all our funds deposited there are insured.
We also have a USD denominated bank account with another bank, and we will be directing customers to divert their payments there from Monday onwards.
Those of our customers who pay with paper cheques will be advised to send them to our Valencia office.
Though this is a dramatic event, it turns out that it will have minimal impact on us.
If you have any further questions, please don’t hesitate to contact me.
NZ 027 433 9745