Need a reliable EUR receiving account (dedicated acct/IBAN in the company name) for a foreign-owned US LLC. SEPA is preferred but I can work fine with SWIFT too, like I know some providers are doing DBS multi-currency virtual account.
The use case is to receive payments from EU companies, ideally convert to USD, then first-party transfer to the existing US company bank account.
EUR volume is moderate,roughly €250K–€450K per year. Doesn’t need bells and whistles, just needs to work.
Company has a strong and documentable operating history, unique physical address, accounts with major US fintechs and a decently-large traditional US bank. Problem: none of them support EUR services at all,not even via SWIFT. To me, it seems kinda embarrassing, but I guess Americans are on their high horse a bit and ignore other currencies. Even if it were to auto-convert to USD with the bank’s rate, still fine for me.
Tried Payoneer,account’s been pending for 3 weeks. Not confidence-inspiring. The service generally seems a bit shady, like the many negative reviews and weird sign-up process.
Not interested in Wise or Airwallex,not-so-positive experiences, done with them.
Prefer to avoid EU-based services (like Lithuanian EMIs, which kinda PMO), but will consider if nothing else fits. I think Chinese EMIs and all that are cooler.
Already aware of the “US LLC banking” threads but EUR solutions are not really touched much.
Looked at:
- OFX, was very good before but the collection account is shut down now
- Pingpong, does not let me sign up and the contact form is not responsive
- Amnis, requires UBOs to be US for any US entities
- Many others, like Currenxie, Worldfirst, do not accept US entities at all
Looking for anyone who’s actually solved this and can name names
The use case is to receive payments from EU companies, ideally convert to USD, then first-party transfer to the existing US company bank account.
EUR volume is moderate,roughly €250K–€450K per year. Doesn’t need bells and whistles, just needs to work.
Company has a strong and documentable operating history, unique physical address, accounts with major US fintechs and a decently-large traditional US bank. Problem: none of them support EUR services at all,not even via SWIFT. To me, it seems kinda embarrassing, but I guess Americans are on their high horse a bit and ignore other currencies. Even if it were to auto-convert to USD with the bank’s rate, still fine for me.
Tried Payoneer,account’s been pending for 3 weeks. Not confidence-inspiring. The service generally seems a bit shady, like the many negative reviews and weird sign-up process.
Not interested in Wise or Airwallex,not-so-positive experiences, done with them.
Prefer to avoid EU-based services (like Lithuanian EMIs, which kinda PMO), but will consider if nothing else fits. I think Chinese EMIs and all that are cooler.
Already aware of the “US LLC banking” threads but EUR solutions are not really touched much.
Looked at:
- OFX, was very good before but the collection account is shut down now
- Pingpong, does not let me sign up and the contact form is not responsive
- Amnis, requires UBOs to be US for any US entities
- Many others, like Currenxie, Worldfirst, do not accept US entities at all
Looking for anyone who’s actually solved this and can name names
