Withdrawal of cash

[mintotaint]

Hi there.

Looking for a bank/EMI for a UK LTD company that does not have any problems with big cash withdrawals of turnover for the business.
Over half of the monthly turnover will be cash withdrawal - the turnover doesn't exceed 5,000 EUR though (monthly).
The cash will be spent for expenses as the expenses cannot be paid with bank transfer.

Does anyone know if a bank/EMI will report something like this as suspicious behavior, and can anyone recommend a bank/EMI that might not have a problem with this?

 

[rey skywalker]

in europe forget it . it looks like you are a dreamer , only the underground can help you

 

[mintotaint]

rey skywalker said:
in europe forget it . it looks like you are a dreamer , only the underground can help you
Click to expand...

Do you have any recommendations outside Europe?

 

[tacokai]

go with advcash or checkout in the mentor group what's there for you 😉

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[mintotaint]

tacokai said:
go with advcash or checkout in the mentor group what's there for you 😉
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I was actually looking into AdvCash as an opportunity.

Although I am wondering, if i dont exceed their daily and monthly cash withdrawal limits, is there a possibility for them to freeze my account?

 

[JackAlabama]

Morrad said:
Hi there.

Looking for a bank/EMI for a UK LTD company that does not have any problems with big cash withdrawals of turnover for the business.
Over half of the monthly turnover will be cash withdrawal - the turnover doesn't exceed 5,000 EUR though (monthly).
The cash will be spent for expenses as the expenses cannot be paid with bank transfer.

Does anyone know if a bank/EMI will report something like this as suspicious behavior, and can anyone recommend a bank/EMI that might not have a problem with this?
Click to expand...

Are we really talking about 5000 Euro cash per month? If it must be Europe, maybe try Switzerland? This is a tiny sum there and can (could?) be easily spent in a night out with dinners, champagne and some fun etc.

 

[mintotaint]

JackAlabama said:
Are we really talking about 5000 Euro cash per month? If it must be Europe, maybe try Switzerland? This is a tiny sum there and can (could?) be easily spent in a night out with dinners, champagne and some fun etc.
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I know it isn't much, I am just worried it might trigger something when it's like 80% og the monthly incoming transfers

 

[CaptK]

Viabuy.com this will fit your needs

 

[JackAlabama]

Morrad said:
I know it isn't much, I am just worried it might trigger something when it's like 80% og the monthly incoming transfers
Click to expand...

I doubt that amount triggers in Switzerland. The nature of your business might trigger much more there than some simple cash transacitons.
And it might be hard to get an account.
Even very tiny restaurants can have this as daily deposits).

Other places are HK and UAE which are much more cash friendly though.

 

[mintotaint]

JackAlabama said:
I doubt that amount triggers in Switzerland. The nature of your business might trigger much more there than some simple cash transacitons.
And it might be hard to get an account.
Even very tiny restaurants can have this as daily deposits).

Other places are HK and UAE which are much more cash friendly though.
Click to expand...

I will look into this, thanks for your reply!

CaptK said:
Viabuy.com this will fit your needs
Click to expand...

I will also look into this as an option, thanks!

 

[lory]

What's the benefit of this VIABUY prepaid credit card with online account card compared to AdvCash?

 

[mintotaint]

lory said:
What's the benefit of this VIABUY prepaid credit card with online account card compared to AdvCash?
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Maybe the fees. I haven't compared them yet.

But to transfer funds into AdvCash, I will need a payment processor that (would be pretty nice) doesn't report according to CRS.. Any suggestions?

 

[uranio]

hello, revolut could be fine. I withdraw always from revolut business account large amounts (2-3k in 1 day) and never had problems.