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Yes, very low risk. All transfers from reputable well know institutions. No cash transaction whatsoever. So i guess I need to keep praying until i get the chance to buy out the parent company.

No the EMI does not know, it's the same situation as this. I will try to avoid letting them know or else i will face closure again. I've worked too hard to have all those doors shut and all my work goes down the drain. I have an agreement with the owners to buy the company off them after they've...

It looks like i need to start making changes to where our customers pay us. We have an EMI that we work with currently. I guess we should move all the money we have with Natwest into the EMI account. If the account has no more money in it, what would the most they can do after I update the...

Hi Martin. Thank you for your reply. We've been banking with them for over 2 years and the change in ownership happened around 18 months ago. It did not even cross my mind to inform them about the change since the business was beginning to take off and I was immersed into the sales aspect of it...

Hello everyone, I have received this email from Natwest: Important. You need to complete your review of 'My Business Profile'. I am a director of a UK LTD company. I am foreign national living in the UK When the account with Natwest was opened, I was the sole owner of the company. After...

Yeah, in summer it is hot but the malls are not the usual malls you know. They are mini cities, with everything you can imagine in them, even a mini ski resort. So you will have plenty to do indoors.

It is true, what you said about TransferWise. They don't allow pharmaceutical sales, which is not us. They asked and I answered that we do not. I am trying, as you suggested above to start with EMIs and then I will go to one of the MENA banks in UK (after covid restrictions ease), cause I need...

True. I have open applications with transferwise and 3S.money. Waiting on them first before i go to a MENA Bank. Do transferwise and 3S.money use Barclays and Natwest :confused:

What would constitute a suspicious transaction? If it is a payment against an invoice with shipping documents, both available to be presented, to a non sanctioned country, what would be the problem?

Yea, I mentioned UAE on the phone when they asked me about the countries for incoming and outgoing transfers. I asked if there are any limitations on the countries for transfers and they said no, only limits are sanctioned countries (Iran, North Korea..)

I just got accepted for cardonemoney Business account. Now I am scared they will ask to close the account like Barclays in 10 days! nai¤% The approval was not automatic, they called me a few times asked some questions and asked me to send some documents. They said they do provide company IBAN...

I just got rejected by NatWest! I don't know and they don't let you know what the "criteria" is! This is grossly ambiguous! All their questions were answered and they did not require any additional information and/or clarifications.

I can avoid it and use Euros instead. Except for Chinese manufacturers, they require USD! Not sure if they are flexible on this point.

Thank you. I will check them out. It seems like International/MENA banks seem to be the way to go. UK banks seem useless.

I am subscribed to Credit Karma and Experian. I have no markers whatsoever. I just got to the country last November. The source of the money is my Barclay's Premier personal account. I transfered money from my saving's account when I moved to the UK. They don't seem to have have a problem with...

Yeah, I know all about these issues. However the US and the world knows that not all Lebanese are affiliated with this terrorist organization and a lot are vehemently against it. It is sad that the whole population is being discriminated against because of one group.

Thank you for the valuable info. I can insist on my clients on getting paid in GBP or Euros. HSBC definitely has a ban on Lebanon stupi#21 The parent company was a client for years until HSBC pulled out of Lebanon completely a few years back.

Yeah, it is quite sad to hear this. So you are saying, even if a bank agrees to open up an account, they will eventually ask me to close it once they see the activity? Why is USD high risk? Should I asked to be paid with Euros/GBP? Is it better?

Thank you for the reply and the information. I do realize that sitting with the corporate person at the bank personally is much better than online application. Unfortunately with COVID, this was the only way to do it. I guess I will wait for COVID to cool down a bit (hopefully it will). I am...

OMG. I feel so demoralized now! There are a lot of UK companies that specialize in MENA sales. Why would the bank not accept? Dubai will be the most prominent client to be honest. It's not like my company is offering a "service". There are actually products purchased and invoice/shipped to these...