Bankera has gone totally crazy

[mrau]

Do you mean register a company?
Either a company or a rental, both‌ would take a thousands of Euros per year in expenses.
It would't be cost-effective at‍ all for me to spend such amount just to have an EMI account to transact⁠ €10K euros per year in crypto operations.
I do have another account in a real⁤ bank in Europe but it's not a crypto-friendly entity and I don't wany to try⁣ my luck 😎

 

[JohnnyDoe]

mrau said:
Do you mean register a company?
Either a company or a rental, both would take a thousands of Euros per year in expenses.
It would't be cost-effective at all for me to spend such amount just to have an EMI account to transact €10K euros per year in crypto operations.
I do have another account in a real bank in Europe but it's not a crypto-friendly entity and I don't wany to try my luck 😎
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[mrau]

I'll try to take a look‍ later thu&¤#

 

[Dandyline]

You don't need a company, just rent a cheap room⁢ or something. It all comes down to how important EU banking is to you.

 

[Forester]

Check e.g. Verifo, Paysera, zen.com and Interpolitan Money (of course the⁣ result can depend on your particular country of residence).

Well, TBMK, EU citizenship itself allows you to stay, work and︃ do business in any EU country, regardless of your place of residence, it's the core︄ of Maastricht and further agreements. So I would be even surprised if you can ask︅ for a digital nomad visa as an EU citizen and you definitely do not need︆ to do it...
Having said the above, I︉ can imagine well that some bank monkey can think like you describe 🙁

 

[mrau]

Thank you thu&¤# . From︀ that list only Verifo and Interpolitan offer accounts for residents in South America as me.︁
Interpolitan seems to be a solution for high risk profiles (and therefore, enormous fees involved).︂
Verifo website seems friendly and its costs are affordable. Don't know (nor is stated in︃ the website) if they allow payments to/from crypto exchanges (one of my main purposes)

 

[Forester]

You are welcome.
Well, if you are in South America, check Zenus.com as well; however I‍ admit that I do not know how they look at crypto-related transactions.
Worse than with Bankera? (I have not checked, currently.)
AFAIK, they allow.

 

[ilke]

I think Zenus is a good suggestion. They are not anti-crypto and they don't reject⁠ crypto-related transactions. Living outside of the EEA, he will also be able to get the⁤ card from Zenus, which is quite nice for transactions.
Actually, yes (for some businesses). They vary⁢ the fees a lot and there isn't a specific fixed cost setup AFAIK (unlike Bankera).︀ They also 'resell' some other EMIs with BaaS (like Modulr) or some banks. They do︁ adapt the pricing based on risk, though, so even though it will still probably be︂ more expensive than other options, the difference shouldn't be as high for lower risk.
Based on my experience, they do. I can︃ confirm your statement.

 

[csp dubai]

they are looking excusee to freeze yoiur accounts

 

[jafo]

With "they" you mean the subject of the‌ topic, correct? 🙄

 

[mrau]

The account balance has never-ever exceeded €3 so they won't be able to rob much from‌ me.

 

[jafo]

and

Now, just imagine what your "CONFIDENTIAL PASSPORT KYC AML CRS⁣ AEOI CFC, etc." *data* is worth.... 🙄

I don't think they care about the €3...they already⁢ have so much info on you. Even in a plea deal, they could "offer your︀ info" in exchange for a lesser sentence, cooperation, and maybe even a reward.... 😳

 

[wonderfulboy]

How is it going with︋ your nightmare?

 

[mrau]

I left the‌ KYC process (and the account) abandoned.
Few days later, they kept requesting me to continue‍ with it but then they stopped.
I think they will keep the account only with⁠ a level 2 verification status which only allows €1000 per year turnout.
Anyway, I'm not⁤ planning to use it anymore because the risk of a freezing is enormous.

 

[jafo]

Very smart move! You dodged a bullet! 😉

PS. Just to‍ f*ck with them, if they write again, insist on doing KYC/AML on them to make⁠ sure they are entitled to this info... 😛

 

[Piano]

How long have you been with Zenus ?

 

[patterson]

They also sent me some questions this week asking about 5k I sent from Coinbase.‌ For now it's reasonable. Told them the payments were from my company and they asked‍ for some sample invoices. If it ends with that, I'm fine. There are EUR 20⁠ in the account right now.

 

[mrau]

In my case I never⁤ received anything from third-party accounts. Just less than €10 from my personal account in Wise⁣ to test how fast it worked. That's all the activity in the account and they⁢ started spending my tons of requests about my income, assets, accounts, crypto wallets, etc. Totally︀ insane.

 

[Wellington]

epay something just sent me a KYC request (update) haven't used them thought it would‌ be a scam, but i set up an account there years ago, might be an‍ alternative.

 

[ilke]

ePay-what? ePayments has been gone for a long time;⁠ ePayService was a Russian EMI that lost its Malta license a long time ago (although⁤ they still promote it on their site. Can't think of any others..