EMI/Neo Bank That Offers Debit Card

[Timmy4]

Hello

Is there any EMI for Nigerian citizens that offers a virtual or physical Debit card that can be used globally? Preferably to be funded via transfer.
I was previously using Dukascopy but they've stopped the service for my region

Debit card could be delivered in EU, however residency is Nigeria.
Thanks

 

[Martin Everson]

Best to find a another real bank in end like Barclays or Standard Bank both in Channel Isles. Both accept Nigerian residents and offer cards.

P.S Tough times ahead.

https://techuncode.com/nigerian-banks-cut-debit-card-spending-limit-to-20/

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[Timmy4]

Martin Everson said:
Best to find a another real bank in end like Barclays or Standard Bank both in Channel Isles. Both accept Nigerian residents and offer cards.

P.S Tough times ahead.

https://techuncode.com/nigerian-banks-cut-debit-card-spending-limit-to-20/
Click to expand...

Thanks for this. Any other bank suggestions apart from these two? Barclay's has a substantial minimum deposit & standard bank doesn't have the greatest review. Thanks again

 

[Martin Everson]

Beggars can't be choosers unfortunately so I would give Standard Bank a chance.

But maybe someone else can make suggestions.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[Frank Funk]

Martin Everson said:
Beggars can't be choosers unfortunately so I would give Standard Bank a chance.

But maybe someone else can make suggestions.
Click to expand...

Whats the general concensus on Standard Bank? I became non-tax resident in my EU country and now seem not to be able to open any EU bank accounts.

 

[nobel]

Only Barclays Bank in Channel Isles works, only there SEPA is available and free of charge for transaction. ALL other banks, like Standard Bank, Santander International, Lloyds Bank, HSBC etc. there is no SEPA and you have to pay a lot of money for each transfer. Standard Bank 40€ each transfer outside UK for example. anrid:

 

[Martin Everson]

Frank Funk said:
Whats the general concensus on Standard Bank? I became non-tax resident in my EU country and now seem not to be able to open any EU bank accounts.
Click to expand...

They are a good bank to work with depending on where your based. They are a South African bank with a presence across the African Continent so it was a good fit for OP. Don't think it would be a good fit for you.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[Frank Funk]

Martin Everson said:
They are a good bank to work with depending on where your based. They are a South African bank with a presence across the African Continent so it was a good fit for OP. Don't think it would be a good fit for you.
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Would you mind giving your opinion on my status?
EU resident but tax exempt. Resident (tax as well) in Balkan country not reporting financial data. I have local bank accounts and Bankera, moving around crypto and IBKR.

I use bank account just to move funds from a to b.
Do I even need a bank in a stronger jurisdiction?

 

[Martin Everson]

Frank Funk said:
Would you mind giving your opinion on my status?
EU resident but tax exempt. Resident (tax as well) in Balkan country not reporting financial data. I have local bank accounts and Bankera, moving around crypto and IBKR.

I use bank account just to move funds from a to b.
Do I even need a bank in a stronger jurisdiction?
Click to expand...

You really don't need a stronger bank jurisdiction. If your just moving money around. If you plan on parking large amounts of money then yes.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[Forester]

Frank Funk said:
Resident (tax as well) in Balkan country not reporting financial data.
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Could you share the country name? North Macedonia, Montenegro, Serbia? I am just curious, what country is preferred...

Frank Funk said:
I have local bank accounts and Bankera, moving around crypto and IBKR.

I use bank account just to move funds from a to b.
Do I even need a bank in a stronger jurisdiction?
Click to expand...

I think that @Martin Everson is more deeply oriented in this topic then I am, so it is really 2 cents worth if I claim that I share his opinion 🙂

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I am just a simple countryman. Anything I say is only a personal opinion, not a certified advice 🙂

If you think it makes sense, you can like it; if opposite, please, tell me, why I am wrong...

 

[Frank Funk]

Forester said:
Could you share the country name? North Macedonia, Montenegro, Serbia?
Click to expand...

Macedonia.

 

[Forester]

Frank Funk said:
Macedonia.
Click to expand...

Thanks for sharing. Just as a remark: for banking it would also be my first option (I am not able to judge for residency etc.)

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I am just a simple countryman. Anything I say is only a personal opinion, not a certified advice 🙂

If you think it makes sense, you can like it; if opposite, please, tell me, why I am wrong...

 

[Frank Funk]

Forester said:
Thanks for sharing. Just as a remark: for banking it would also be my first option (I am not able to judge for residency etc.)
Click to expand...

When I landed here it was by pure coincidence... But supposedly banks here have relatively big reserves (10%+) and there were no issues that I'd recal (except 1 smaller bank).

Residency is not easy but they are working on some nomad visas.
And as any Balkan country, rules a loosely defined and easy to avoid.

 

[uplana]

nobel said:
Only Barclays Bank in Channel Isles works, only there SEPA is available and free of charge for transaction. ALL other banks, like Standard Bank, Santander International, Lloyds Bank, HSBC etc. there is no SEPA and you have to pay a lot of money for each transfer. Standard Bank 40€ each transfer outside UK for example. anrid:
Click to expand...

Did this work for you OP - I believe as an Nigerian it is impossible to open such accounts so I would like to know.

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[fortunespeculator]

Any bank suggestions for an Indian citizen here on similar lines.