Clear Junction Reviews?

[Blackcrypto]

Hello,

Does anyone here have experience or use "Clear Junction"? I want to move to this EMI because i'm really tired of the EMI that i use right now.

What about their compliance is it strict and difficult like other EMIs?

Thanks

 

[Fred]

Clear Junction is B2B only they provide banking infrastructure for Exchanges, OTC Desk etc. similar‌ like InCore Bank, Signature and Silvergate Bank.

 

[Blackcrypto]

Thank for the‍ information
we a company OTC desk, we buy and sell crypto
Please do you have⁠ any experience with this EMI? are they good? what about compliance? will they ask for⁤ every transfer?

 

[ImKing]

Kraken use Clear Junction - I tested them for the first time yesterday a Sunday.‌ Made a withdrawal to see how fast it get's into my account, it was there‍ after 15 minutes!

I have not experienced this with any other EMI or Bank ever!⁠

 

[Sols]

That's SEPA Instant. Your transaction was either released automatically or⁤ released quickly manually and if it was under 100,000 EUR, it was probably processed as⁣ a SEPA Instant payment. Lots of banks and EMIs have it but transactions get held⁢ for manual review so you don't always see it in action.

 

[JohnLocke]

I was always wondering why kraken had all these banking options but was to lazy‌ to try them all. I will have to test clear junction, we are always waiting‍ about 12 hours to get the payment from kraken.

 

[Marshal]

Payments to/from Clear Junction are almost instant. Delays only if you use‍ their bank in Liechtenstein.

 

[JohnLocke]

Yes, I had a chance to try this method‍ today, it was in the account within 5 minutes. Impressive considering the regular SEPA transfer.⁠

 

[csp dubai]

yes but they are very pian in the axx for compliance

 

[Clearsky Network]

You can. Clear Junction is⁠ by far the best and cheapest solution you can get.
Keep in mind that onboarding⁤ process is very very long, your MLRO will be interviewed several times and if the⁣ person is not experienced enough most probably you will waste your time.

 

[vehzag]

Is this only for companies?

 

[Clearsky Network]

yes, and usually licensed financial‌ institutions or well establish companies from low/medium risk industries