EMI's with the smallest amount of KYC/AML for incoming transfer to personal account?

[anotherone]

Hello,
I have noticed that lately, some EMI want you to send supporting documents to explain incoming transfers and it is annoying.
For instance, I have a Paysera personal account and they asked me to provide supporting document for an 1800 euros incoming transfer from a UK business. The incoming transfer is on hold. 1800 euros is a small amount. Is it related to the face that Paysera has its license in Lithuania?

I also have a personal account at icard.com (license in Bulgaria). Last year in September, I cashed in around 3500 euros from a p2P lending company called Swaper OU and Icard didn't ask me to justify my incoming SEPA transfer.

The EMI don't communicate about their AML/KYC rules. Which ones are the least annoying for personal account?

 

[Sols]

Amount is only one of many factors that determine whether a transaction is flagged for review. There's an almost infinite number of other factors that can influence whether a transaction gets held for review, including just pure randomness.

For example, you can have an incoming 1 EUR transaction held for review if the sender's name happens to match the name of someone on a sanctions or PEP list. Or maybe there is a check once you hit 10,000 EUR and you're at 9,999 EUR. Then that 1 EUR transaction will be held for review.

It's easier to just accept this reality and have all your documents in order at all times.

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This is the probably the answer to your question.

 

[Houdini]

Sols said:
It's easier to just accept this reality and have all your documents in order at all times.
Click to expand...

very true, it is going to be even worse in the future.

I keep all my invoice close and if I buy something I ask beforehand if they can provide a invoice or not.