If you want to slowly warm up new bank account to be safely used within the 6 to 7 figures how do you approach it?
I'm asking for an US bank if it matters.
I'm asking for an US bank if it matters.
How do you "warm up" new bank accounts?
- Thread starter PinkCat
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Large amounts --> Large warm-up.
The point is that your amounts do not stand out among the "normal fixed expenses" such as subscription measurements, daily expenses and perhaps a fake salary from a business account.
Only ABN-AMRO Bank in The Netherlands hired 6,000 employees last year to monitor transactions and detect money laundering. So you can assume that someone is watching. I don't think it will be much different in other Western countries, same agenda..
The point is that your amounts do not stand out among the "normal fixed expenses" such as subscription measurements, daily expenses and perhaps a fake salary from a business account.
Only ABN-AMRO Bank in The Netherlands hired 6,000 employees last year to monitor transactions and detect money laundering. So you can assume that someone is watching. I don't think it will be much different in other Western countries, same agenda..
The more I read these things, the more I realize that crypto with NO trusted third parties is the only way to go. In essence, using crypto as P2P "cash". Skipping fiat altogether.
Sounds good in theory, but what do you do if you want to buy property, vehicles and items that are only available by bank transfer?
There are already countries where you can pay for all this with cryptocurrency
It all comes down to what business activity you have told the bank you have. And, you don't want to tell them it is new business but rather prepare documents right to show that you move money already with another bank. Doing a good job you won't have troubles.
No offense, chief. I don't suffer from (or enjoy) the Stockholm Syndrome.
Why would I or anyone with a decent IQ and self-esteem "want to go buy property, vehicles and items" in an area "controlled" by my sworn enemy and his sycophants?
🙄
@PinkCat
I would be happy to realize I suffer from Stockholm syndrome and learn about a place which is safe to buy property, luxury goods and you can use purely crypto and not be worried about any sort of AML. I don't think it exists!
Only you can decide if such a place exists for your particular circumstances.
Now, ponder on my mental construct here:
If tomorrow I woke up and there were NO more women on Earth, I sure as h3ll won't start fornicating with men or animals. Of course, others may do as they please.
My point is:
I'd rather starve my sworn enemy even if I would perish right alongside him instead of rewarding, empowering, and supporting his bad behavior and evil ways.
Of course, YMMV.
The best way to warm up an account is to use it the way you intend to use it. That way, when you use the account the way you intended, the bank won't be at all surprised and all the questions about SOF and SOW have been sorted out.
I call this system deception through honesty.
"Warming up" a bank account on 4/5-figure transactions only to then slam it with some 6/7-figure transactions is like training a dog to play fetch and then being surprised when the dog won't drive you back home from the park.
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This is the probably the answer to your question.
I call this system deception through honesty.
"Warming up" a bank account on 4/5-figure transactions only to then slam it with some 6/7-figure transactions is like training a dog to play fetch and then being surprised when the dog won't drive you back home from the park.
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This is the probably the answer to your question.
ROTFLMAO!
NGL, you had me in the first half but then in the second half, you turned a serious convo into a really funny punch line. I laughed so hard. I needed that! Thank you for writing this. hap¤#"
so you should start with 7 figure amounts from day 1 as a new customer? Sounds about right 🙂
Yes, if you are a seven-figure kind of customer. Never had any problems doing that.
As I said, if you train a bank to think you're a 4/5-figure customer and then hit them with a 6/7-figure deposit, don't expect miracles. The bank's systems will have your profile honed in as a slightly above average customer. Now here comes 8 million USD. What's going on? How did this account holder's economic situation change so drastically? Does the client's profile match an 8 million USD transaction?
Compare that to opening an account, informing the bank of your economic situation, showing them some other bank statements and other supporting documents. Then you wire in 8 million USD in dividends from your company or from one of your other accounts. What happens then? The bank looks at the transaction, sees it matches the expected behavior (that was checked and approved during onboarding). They might ask for some supporting documents, but that's all. There is no added suspicion or concern due to the transaction not matching the client profile on record.
I have seen first hand how banks and other financial institutions configure their monitoring systems.
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This is the probably the answer to your question.
You can always photoshop a lottery ticket smi(&%
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
You don't need a warm up. You need a proper onboarding process with expected transactions.
If your kyc is stating you earn 5k a month and you receive shortly after account opening a 50k transfer, it will trigger additional questions.
If you have the proper documents (or if you can use photoshop) don't fear the questions.
You need to understand the monkeys working at the bank. Just give them a good banana and it's done.
But some basics that i discovered during the time that worked for me.
1. For transfers under 10k no one cares
2. For transfers under 100k the first time you are required to provide something that they can put in their system.
3. Above 100k it's getting trickier.
4. 1M+ pain in the a*s almost every time.
Above points only apply for standard retail banks and new business bank accounts.
Private banks don't really care (at least the offshore ones) . They do the kyc in the beginning and if your account is approved you can send at least the required deposit without any documents.
But tbh i never provided any documents to any private bank they simply don't care.
If your kyc is stating you earn 5k a month and you receive shortly after account opening a 50k transfer, it will trigger additional questions.
If you have the proper documents (or if you can use photoshop) don't fear the questions.
You need to understand the monkeys working at the bank. Just give them a good banana and it's done.
But some basics that i discovered during the time that worked for me.
1. For transfers under 10k no one cares
2. For transfers under 100k the first time you are required to provide something that they can put in their system.
3. Above 100k it's getting trickier.
4. 1M+ pain in the a*s almost every time.
Above points only apply for standard retail banks and new business bank accounts.
Private banks don't really care (at least the offshore ones) . They do the kyc in the beginning and if your account is approved you can send at least the required deposit without any documents.
But tbh i never provided any documents to any private bank they simply don't care.
IMO, very properly phrased.
Just adding, that especially with EMIs which (very often) do not perform such a detailed KYC, you should do some warm-up. If the first transaction is 6 figures out of the blue, it can really trigger problems.
I agree completely.
You are a lucky man 🙂 Good for you!
@jafo, I do not have any clue how the extras should look like; but if you share, I'll be happy to try to help you ”“ if possible. (Feel free to DM me if you consider it more proper.)
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I am just a simple countryman. Anything I say is only a personal opinion, not a certified advice 🙂
If you think it makes sense, you can like it; if opposite, please, tell me, why I am wrong...