List of Banks, EMI's, Payment processors and BTC to FIAT institutions.

[erni]

SEPAGA are they still a valid bank and useful for normal business or is it personal bank account only? I have a Cyprus company I want to use with sepaga?

 

[BlueMist]

erni said:
SEPAGA are they still a valid bank and useful for normal business or is it personal bank account only? I have a Cyprus company I want to use with sepaga?
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It's valid for business but they are not cheap. They are expensive if you make many transactions.

 

[erni]

BlueMist said:
It's valid for business but they are not cheap. They are expensive if you make many transactions.
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great... why would you use it if it is expensive... I try to figure out if I should signup for their account opening or if I rather find a other service, any help you can provide?

 

[BlueMist]

erni said:
great... why would you use it if it is expensive... I try to figure out if I should signup for their account opening or if I rather find a other service, any help you can provide?
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Some companies have no other choice sometimes and Sepaga is gaming related friendly. I don't use them, I just said their fees are on the higher side if you make many transactions:

 

[AlbanyJames]

Since they are gaming friendly, do they accept IBCs or applicant companies must be EU/EEA?

 

[BlueMist]

AlbanyJames said:
Since they are gaming friendly, do they accept IBCs or applicant companies must be EU/EEA?
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They were not EU/EEA restricted last time I checked.

 

[AlbanyJames]

Very interesting, thank you.

 

[erni]

I see Capital Security bank limited to be advertised here on the forum and FastPay has someone opened accounts with these services?

 

[tacokai]

erni said:
I see Capital Security bank limited to be advertised here on the forum and FastPay has someone opened accounts with these services?
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no one has any answer to this?

What are the best EMI's at the moment beside Transferwise and Revolut? Which one would you trust the most?

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[jackfrost]

Is cheettah a real bank or not? Their ToS specifically says:

The Payment Services, Card and Account are payment servicesand not deposit, credit or banking productsandare not covered by the Financial Services Compensation Scheme.

 

[burden]

jackfrost said:
Is cheettah a real bank or not? Their ToS specifically says:

The Payment Services, Card and Account are payment servicesand not deposit, credit or banking productsandare not covered by the Financial Services Compensation Scheme.
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I don't believe they are a bank. Waht do you guys have to say about Zenus as the next USD EMI?

 

[jackfrost]

ok asking because they are listed under bank section on page 1 post instead of emis

 

[Back2Matters]

TurnedToRobot said:
N26 Bank Germany
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N26 is a bank, should not be in the EMI's list.

 

[lory]

Back2Matters said:
N26 is a bank, should not be in the EMI's list.
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beside the fact they are not a bank. Is there a EMI similar to N26 bank... what I mean something that provide real banking but is an EMI and not complicated to apply for account opening?

 

[jackfrost]

n26 has full bank license with 100k insurance. they are not a regular emi anymore.

 

[lory]

you mean they are more reliable compared to any EMI correct?

 

[jackfrost]

@lory btw they are incredibly easy to open an account with but they are restricted to a subset of the eu countries. they will however open an account simply based on a postal address you provide even with a non supported countries tax id...

 

[jackfrost]

lory said:
you mean they are more reliable compared to any EMI correct?
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yes and no. yes the are more reliable because they are not a non bank emi. they are pretty much an online bank now / have been for quite some time.

 

[botero]

I'd consider companies like Bunq and N26 as 'neo-banks'. Something in between an EMI and a normal bank.

They may legally be considered banks since they have bank licenses, however, they still operate as if they are lean tech startup EMI's with little to no customer service and an over reliance on algorithms. They are like the trans people of the banking world, we're legally supposed to call them banks but they have the DNA of an EMI.

I'm a former Bunq user and I still use N26 from time to time, however, I would never rely on them for my normal day-to-day banking needs.

 

[lory]

that make very good sense, thank you very much for clarification.