Review on Firstelitefinance

The website in question, First Elite Finance (accessible at https://www.firstelitefinance.com/), presents itself as a full-service online banking institution offering checking accounts, savings accounts, IRAs, mobile banking, and global access. For example, it claims to serve “every world country,” and states that it has “more than 20,000+ happy customers.”  The site uses formal banking language (“Tailored Checking,” “Earns interest,” “Free First Elite Finance ATM card”) and purports to be a “prominent international banking institution.” 
However, a deeper look reveals many inconsistencies, unverifiable claims, missing regulation information, and typical red-flags of a fraud or scam site. The domain appears to be used in a way that mimics a legitimate bank, but lacks key elements such as regulatory registration, verifiable address, trustworthy third-party reviews, and credible proof of operations.

In other words: although the website looks polished and uses persuasive bank-style language, it fails many of the checks one would apply to determine whether an online bank is real. Based on the evidence, there are strong grounds to believe it is not a legitimate bank and should be treated as a scam or at least extremely high-risk.

More Details

In light of the evidence, here’s a detailed analysis of why First Elite Finance should be considered very likely a scam rather than a legitimate bank.

1. Banking Regulation & Consumer Protection Absent

One of the core features of a legitimate bank is a visible and valid regulatory licence (for example, FDIC membership in the U.S., or FCA authorisation in the U.K.). Without this, the firm cannot legally accept deposits safely in most jurisdictions. The website does not provide any such disclosure. That means depositors may have no recourse if funds are lost.
Furthermore, promising “global banking in every world country” without specifying local licences is implausible for a real bank. Real banks are tightly regulated in each jurisdiction.

2. Marketing Over Substance

The website appears geared more toward attracting deposits rather than detailing actual banking operations. For instance: “The world is in your hands” and “Leading bank in the worldzone” are slogan-type phrases, not operational facts. The presence of generic testimonials, and absence of audited financial statements or branch addresses, indicate this could be a front using banking terminology to create trust.

3. Typical Scam Pattern

The site shows many hallmarks of online bank-type scams:

• Attractive offers (no fees, high flexibility) to lure users.

• Broad claims of global presence with no substantiation.

• Easy sign-up prompts to collect personal data or funds.

• Lack of external verification (reviews, news, regulator statements).
  These features align with schemes that collect deposits and then vanish or refuse withdrawals, or misuse user data.

4. Danger for Users

If users treat the site as a legitimate bank they risk:

• Depositing money that may be unrecoverable.

• Giving personal financial data (which may lead to identity theft).

• Assuming funds are insured/protected when they are not.
  Given the lack of transparency, the risk is high.

5. Could It Be Legit?

While nothing absolutely proves “it’s 100% fraudulent,” the combination of missing regulation, unverifiable claims, and typical scam-behaviour means the safest conclusion is to treat it as a scam. A legitimate bank would publish:

• Physical address and branch details

• Regulator and licence number

• Branch banking license in the countries claimed

• Independent audit or third-party reviews
  None of these appear convincingly present.

Conclusion of this Section

Based on the evidence, First Elite Finance is best regarded as not a legitimate bank and likely a scam or fraudulent operation. If you encounter this site offering “online bank accounts,” it would be prudent to avoid depositing funds or providing sensitive information.