Sol Financial Services

[Julian-Dumitrascu]

These services include:
a. money management (and investments)
b. insurance
c. accounting
You can discuss with us how best to manage your money and which providers would be more helpful.

Money management

1. We discuss with people what they want to achieve. You can task us to help you plan on how to achieve a goal. To the extent that you want to buy some services in order to carry out your plan, you'd give something in exchange. To the extent that this is money, you can consult with us on how to bring your financial assets to the necessary level.
2. Let's discuss what features your favourite money management service should have!
   While such services have been improving, people don’t like e.g. these things:

• There have been many communication issues.
• One cannot deposit money with all providers.
• Some providers don’t serve companies.
• Shouldn’t the fee schedule be simpler?
• Some charge an inactivity fee.
• Some services are still rather expensive.
• Some focus on exchanging currencies.
• Some services are available only on Android and iOS.
• Some say that banks charge one more and don’t inform one clearly about what they’re going to charge, but they operate through banks.

What benefits do you want from a money manager?
I note here some things that Sol Financial Services (SFS) offers.

• We try to maintain a high quality of communication, so that we help you achieve what you want.
• You can deposit money with us.
• We can enable any representative of any company to do any operations their teams allow them.
• We include all services in one low fee.
• We can exchange any currencies.
• We don’t bad-mouth banks.

How to use an account with Sol Financial Services

1. You ask here that we conclude a service agreement.
2. SFS opens an account for you.
3. You can deposit money with SFS.
   We agree on a method of transfer. For instance, we provide a payment link, and you transfer money using a payment card.
4. Before we receive other money, we let the payer know that they can use SFS, too.
   Some possible benefits for you:

• Is our USD 0 fee for receiving money lower than the fee of your current provider?
• Is our USD 0 fee for notifying you of receiving money lower than the fee of your current provider?
• The payer can share with you their planned balance. This can help you negotiate a shorter payment deadline.
• You can schedule payments. This can help you manage subscriptions.

5. Before we make a transfer, we suggest to the payee that they take step 1, too.
   This service is meant to help you live without cash. You can communicate with us and transfer money over the Internet.
   Anyone could hold any amount in any currency. You can consult with us on which currencies would bring more of the benefits you want.

Data management

You have a say in everything we do for you, e.g. in how we design the program for managing your money.
We suggest such features:

• User 1 tasks user 2 to provide something. You agree on what user 1 pays user 2. Our program helps you place orders and conclude agreements.

User 1 can press a button e.g. on the order page to open a form in which the program fills the payee data and the entire order amount. When you select the amount field, a list of instalments opens when users have agreed on payment in instalments. You cannot change the order in which you pay the instalments, but you can make any payment in advance. After you select at least one amount, you can press a button to make the transfer. The program logs the transfer, updates the balance of user 2, and notifies them.

• You can set the rule that we exchange incoming money into a certain currency immediately.
  When you know a person’s user number, you can communicate with them and pay them.
• You can redirect money.
  Example: User 1 transfers an amount to user 2. User 2 is actually a group of users, in this case an organisation. Its members have agreed to split their income. We help you set up rules according to your agreement. When an amount reaches the account of user 2, our program splits the amount and makes the transfers set by you.
  You can set the order of automatic transfers.
• You can schedule transfers.
  Example: You press a button to ask to subscribe to a service. Our program shows the approximate amount in your favourite currency which you’ll pay automatically and when we’ll transfer it. (This amount varies with the exchange rate.) You can change the currency in which you pay for this service. You press a button to start paying. We help your provider configure subscribing and cancelling according to the terms on which you two agree.
• We solve this issue: Many people have been charged without their consent. In many cases, the provider has not reimbursed their customers. You start / stop series of payments when you please, and you can set reminders. You don’t share your “card” details; isn’t it time we stopped using payment cards?
• You can view in a calendar how much money you should have on a certain day, based on your current agreements, e.g. a customer / employer must pay you USD 2,000 by 20 September and you must pay a provider USD 500 by 25 September. If we consider only these 2 transactions, the program will show that on 25 September you could avail of USD 1,500 more than today.
• You can see your balance and transactions, e.g. in charts. You can analyse correlations among money, services, regions etc.
• You can set aside some of your money (in escrow) according to the terms on which you agree with a provider of yours.
• You can have Sol inform a provider quickly that you have a certain amount of money, which you’d transfer to them when you place the next order.
  I express here our intention to make money management easier. Use this willingness to discuss what other features would help you!

Making decisions

We want to charge everybody the same fee and give every client the same right to participate in making decisions.
Price
We charge 1.9% of the money you have us transfer or USD 15 per month. In the months in which you spend more than USD 790 it's cheaper to pay the monthly fee.
Every money manager spends money when they:

• receive money from a client;
• hold that money;
• transfer that money;
• exchange / trade that money.
  Example:
  You want to transfer USD 100 to another user of Sol Financial Services. We move USD 100 from your account to their account and USD 1.9 to our account from either your account or their account, depending on what you agree.
  If that user requests money in a currency different from that in which you want to transfer it, you or they can have us exchange that amount. We charge 0.5% of the source amount.

Our fees must cover all the expenses we make in order to serve you today and for many years to come. We will discuss with you in public continuously the design of our service, so that we optimise it using a part of the profit.

Other benefits

a. Unlike some other financial service providers, we are trying to help everyone to live in a climate as healthy as possible.
b. To the extent person 1 is entitled to receive money back from person 2, we transfer that money back to person 1.
When you want to be protected better, e.g. from scams, you can open accounts with us.