List of Banks, EMI's, Payment processors and BTC to FIAT institutions.

[erni]

SEPAGA are they still a valid bank and useful for normal business or is it‌ personal bank account only? I have a Cyprus company I want to use with sepaga?‍

 

[BlueMist]

It’s valid for business but they are not cheap. They⁠ are expensive if you make many transactions.

 

[erni]

great... why would you use it if it‍ is expensive... I try to figure out if I should signup for their account opening⁠ or if I rather find a other service, any help you can provide?

 

[BlueMist]

Some companies have no⁠ other choice sometimes and Sepaga is gaming related friendly. I don't use them, I just⁤ said their fees are on the higher side if you make many transactions:

 

[AlbanyJames]

Since they are gaming friendly, do they accept IBCs or applicant companies must be EU/EEA?‌

 

[BlueMist]

They were not EU/EEA restricted last time I checked.

 

[AlbanyJames]

Very interesting, thank you.

 

[erni]

I see Capital Security bank limited to be advertised here on the forum and FastPay‌ has someone opened accounts with these services?

 

[tacokai]

no one has‍ any answer to this?

What are the best EMI's at the moment beside Transferwise and⁠ Revolut? Which one would you trust the most?

 

[jackfrost]

Is cheettah a real bank or not? Their ToS specifically says:

The Payment Services, Card‌ and Account are payment servicesand not deposit, credit or banking productsandare not covered by the‍ Financial Services Compensation Scheme.

 

[burden]

I don't believe they are a⁠ bank. Waht do you guys have to say about Zenus as the next USD EMI?⁤

 

[jackfrost]

ok asking because they are listed under bank section on page 1 post instead of‌ emis

 

[Back2Matters]

N26 is a bank, should not be‌ in the EMI's list.

 

[lory]

beside the fact they are not a bank. Is there a EMI similar to‍ N26 bank... what I mean something that provide real banking but is an EMI and⁠ not complicated to apply for account opening?

 

[jackfrost]

n26 has full bank license with 100k insurance. they are not a regular emi anymore.‌

 

[lory]

you mean they are more reliable compared to any EMI correct?

 

[jackfrost]

@lory btw they are incredibly easy to open an account with but they are restricted‌ to a subset of the eu countries. they will however open an account simply based‍ on a postal address you provide even with a non supported countries tax id...

 

[jackfrost]

yes and no. yes the are more reliable because they are not a non‍ bank emi. they are pretty much an online bank now / have been for quite⁠ some time.

 

[botero]

I'd consider companies like Bunq and N26 as 'neo-banks'. Something in between an EMI and‌ a normal bank.

They may legally be considered banks since they have bank licenses, however,‍ they still operate as if they are lean tech startup EMI's with little to no⁠ customer service and an over reliance on algorithms. They are like the trans people of⁤ the banking world, we're legally supposed to call them banks but they have the DNA⁣ of an EMI.

I'm a former Bunq user and I still use N26 from time⁢ to time, however, I would never rely on them for my normal day-to-day banking needs.︀

 

[lory]

that make very good sense, thank you very much for clarification.