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Doesn't hurt to know the sting price, it's not a contract of engagement. Regardless, before doing anything more involved than just asking questions, any potential client should obviously do their due diligence and stay well away in case any red flags come up AFTER finding out who the person is...

@Emil Minshakirov Price?

Not true. Borderless ACH does NOT require the "Transferwise FBO" prefix. Only wire does.

Were you the registered UBO on all of these accounts? No darks?

So new users are also onboarded using the same form-builder website? Pretty worrying.

Yes, and they want us to fill the forms in some random form-builder website. I'm really hesitant to send any information there.

They only received their license 8 months ago. Fees are pretty bad. In their category 2 (non-EEA companies or higher risk EEA companies): €500 to open an account Up to 0.08% for a SEPA transfer Up to 0.35% for a SWIFT transfer €150/mo to "maintain" an account €500/mo to "maintain" an...

Note that only wires require the "TransferWise FBO" prefix. If your broker can ACH then you can ACH to TW under your own name.

There are even better deals out there! Some guys will pay you a small fortune to swallow some bags, fly somewhere, poop them out, and deliver them to someone. You don't even need to know what's inside. Perfect job, right?

Remotely? Which bank and what procedure (introducer/POA)? I don't need to use darks so that part is irrelevant to me. Would be nice if you could share the experience on the open forum and just leave out the darks part.

Funny story. I won't mention the place or even country, as to not encourage questionable characters visiting, but... I had an account with a financial organization (non-bank) in country X (needless to mention - 3rd world country). I was visiting a branch and intended to transfer funds to...

Yep, still active here too. They changed the top-up limit to 0, so no self-added funds, and I assume they reject all transfers (won't be testing that assumption).

What was your volume?

It's not an inactivity fee. It's a maintenance fee that gets offset by trading fees (e.g. if your monthly trade fees were $4 then your maintenance fee will be $6). They waive it entirely if your account balance is over $100K.

Should be a nice fat zero on both sides. Note that ACAT transfers in the other direction will probably be costly though. Most brokers aren't as awesome as IB.

You can ACH (credit only) to Transferwise from IB, if it makes sense in your scenario. Sure. You should be able to use a partial ACATS transfer (available from Position Transfers menu) and choose cash only. Why? The zero-cost closing fees?

0.002%, not 0.2%. Huge difference. Converting $150K in IB costs $3. If it was 0.2% it would have been $300. If you wire, yes. If you ACH it's $1.

The fees are beyond ridiculous. It's like they're doing a satire on EMIs like Erabanq.

This must be some kind of joke.

Vialet does not accept BVI regardless of business model.