I am applying ty I need to wait to get my tax ID so they report me to Paraguay where I live and not to my country.
Xapo bank?
- Thread starter Mssquirrel
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Can you use the account in the meantime or you have to wait until the tax ID is available?
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One of my favorit articles in Mentor Group ~ Sending money anonymously archieve Financial Anonymity
I'm not worried about their deposit protection, I just don't know if they are still able to send/receive SWIFT payments in USD, and if they can, I'd like to know what bank opened a correspondent account for them and what are current terms/limits (for example they can say 100k is minimum for SWIFT once you paid $150 for their account)
Just talked to the guy who has an account with them - you no longer can receive USD. You can receive GBP within the UK with automatic conversion in USD.
So this bank can be used to send GBP to Interactive Brokers? (Funded with USDC). How much premium do they charge when exchanging USD to GBP when it comes to outgoing SWIFT payments? 1% or more?
Or they are very strict on source of funds when you send your USDC there (don't accept OTC contracts)?
Technically there may be another funding option, in terms of source of funds issues - to the debit card from p2p exchanger via Visa Direct/Mastercard Moneysend (if their card is really debit one and not prepaid)
Last edited: May 15, 2023
Or they are very strict on source of funds when you send your USDC there (don't accept OTC contracts)?
Technically there may be another funding option, in terms of source of funds issues - to the debit card from p2p exchanger via Visa Direct/Mastercard Moneysend (if their card is really debit one and not prepaid)
Last edited: May 15, 2023
They are working to enable a new correspondent bank.
Xapo only support withdraw and deposit GBP over Faster Payment System and EUR over SEPA. The fx markup USD to GBP or USD to EUR is near to 0.11%.
Visa Direct/Mastercard Moneysend is not supported in their card as funding method.
It seems they found a US correspondent bank, maybe indirectly somehow.
They write "We're thrilled to announce that you can send and receive US Dollars quickly and efficiently via FedACH and Fedwire, thanks to our collaboration with Bridge.xyz and Circle.
Now, you can make US Dollar transfers smoothly and without interruption, along with competitive and transparent fees that make your transactions hassle-free."
When selecting Receive USD, they show "Lead Bank, Main St, Kansas City."
nope, in a bank name and you have to put reference code when depositing/withdrawing to the USD account
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