GB*** IBAN for a EU company?
- Thread starter W Fish
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Not in crypto business but a bit of a Bitcoin maxi and don't keep practically any FIAT. So transfers to exchange are regular.
Seems this makes it suspectible and risky enough for some or perhaps even most banks.
This more expensive part I have to admit that I was wrong. Got hold of that︄ customer and asked him to give me a link or price list. He responded that︅ apparently he was wrong and all SEPA area is the same price (free).
But Instant︆ sepa working from the same account to one IBAN and not another while all being︇ members of SCT Inst. is weird enough.
Seems this makes it suspectible and risky enough for some or perhaps even most banks.
This more expensive part I have to admit that I was wrong. Got hold of that︄ customer and asked him to give me a link or price list. He responded that︅ apparently he was wrong and all SEPA area is the same price (free).
But Instant︆ sepa working from the same account to one IBAN and not another while all being︇ members of SCT Inst. is weird enough.
So, if your business has nothing to do with crypto, maybe dont do any transactions related to crypto with your business accounts. Just use your personal accounts for sending/receiving to exchanges to transact with Bitcoin.
But if you cant do that because of negative tax consequences (or something), then get a crypto friendly business bank account.
Suggestions: Nebeus, FV Bank, Yoursafe (ex︀ Bitsafe), Swissquote Bank
And Xapo is super bitcoin friendly too, a proper bank with a︁ banking license that also is a Bitcoin exchange and supports stablecoins, but I think they︂ only offer personal accounts, not business accounts.
And by the way, I have also attempted︃ to send from Wise to Kraken and got the same block message as you, didnt︄ get my Wise account shut down though, but it was a personal Wise account not︅ a business account.
But if you cant do that because of negative tax consequences (or something), then get a crypto friendly business bank account.
Suggestions: Nebeus, FV Bank, Yoursafe (ex︀ Bitsafe), Swissquote Bank
And Xapo is super bitcoin friendly too, a proper bank with a︁ banking license that also is a Bitcoin exchange and supports stablecoins, but I think they︂ only offer personal accounts, not business accounts.
And by the way, I have also attempted︃ to send from Wise to Kraken and got the same block message as you, didnt︄ get my Wise account shut down though, but it was a personal Wise account not︅ a business account.
The latter is correct.
OK. Nice to hear this. (At least something is functional 😉 )
Yes. However there are some technical aspects︁ of SEPA instant that make this more complicated (disclaimer: I am not much deeply informed︂ about this; maybe e.g. @Sols has deeper insight).
A good idea, in general. IMO.
You mean just for the crypto-related transactions, I presume (I am afraid that e.g. DE customers︈ would not be much eager to send money to FV bank 😉 ).
My first bet︉ would be Zen anyway. It can serve for customer payments, too.
OK. Nice to hear this. (At least something is functional 😉 )
Yes. However there are some technical aspects︁ of SEPA instant that make this more complicated (disclaimer: I am not much deeply informed︂ about this; maybe e.g. @Sols has deeper insight).
A good idea, in general. IMO.
You mean just for the crypto-related transactions, I presume (I am afraid that e.g. DE customers︈ would not be much eager to send money to FV bank 😉 ).
My first bet︉ would be Zen anyway. It can serve for customer payments, too.
Yeah, sending a SWIFT to a Puerto Rican account is not exactly trust-building for a retail EU customer.
Zen is cool; Verifo works, Vialet, ISXFinancial, Ecommbanx, and maybe TeslaPay are all pretty friendly to crypto but not DE or GB IBANs, as requested. They do take SEPA, though. Yoursafe, as @Cloudbanck suggested, can work too, but from my experience, they prefer HRB and even more Adult than other businesses & mainstream, which is interesting because of the low pricing. Maybe they want to onboard them to their Verotel︀ payment processor, too.
Zen is cool; Verifo works, Vialet, ISXFinancial, Ecommbanx, and maybe TeslaPay are all pretty friendly to crypto but not DE or GB IBANs, as requested. They do take SEPA, though. Yoursafe, as @Cloudbanck suggested, can work too, but from my experience, they prefer HRB and even more Adult than other businesses & mainstream, which is interesting because of the low pricing. Maybe they want to onboard them to their Verotel︀ payment processor, too.
Yeah I meant customers pay to Bank A which is not necessarily crypto friendly, and then you do an intra company transfer︀ to Bank (or EMI) B which is crypto friendly. And then you convert to BTC︁ within Bank B or send to an exchange from Bank B.
So from Bank A's︂ perspective you are just sending to another bank, not to like Kraken.
And if possible,︃ sure you can skip Bank A entirely and just use Bank B for everything, but︄ then Bank B can't be in Puerto Rico as someone pointed out , but if︅ Zen works that's great!
So from Bank A's︂ perspective you are just sending to another bank, not to like Kraken.
And if possible,︃ sure you can skip Bank A entirely and just use Bank B for everything, but︄ then Bank B can't be in Puerto Rico as someone pointed out , but if︅ Zen works that's great!
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