Most efficient way to spend business money

[psvunited]

Currently got Wise as main for my US LLC. Unfortunately Wise doesn't provide any virtual creditcards. I prefer no to transfer it to my personal Wiss account.

What is the most fee efficient way to spend EUR?

Airwallester unfortunately requires a notarized document to open an account.

 

[daniels27]

How about a debit card?
https://wise.com/br/business/card

 

[Marzio]

Wise doesn't offer debit‌ cards for US business accounts

 

[CryptoKnight]

Spending for what? For business expenses? For investment? Or are you talking about personal spending?‌ Need some more information here to be able to help out.

For business spending just‍ open another account with another EMI that does offer a card and make a simple⁠ transfer. Another option is to open a new company in another jurisdiction and make that⁤ company a member of the LLC and distribute dividends to it. But like I said,⁣ need more information to be able to help.

 

[daniels27]

Maybe check with @yngmind and open a Chase account then?

Or here

 

[psvunited]

Both, personal⁢ and business expenses. For Personal usage i could transfer to Wise Personal. However, an alternative︀ would be helpful.

 

[CryptoKnight]

OK, so personal like you‍ said you already got covered. For business spending simply get another EMI able to issue⁠ a card and transfer the money there. I can't really recommend you any for a⁤ US LLC as I have no experience with those but check daniels27's post above, that's⁣ the answer.

 

[kokunut]

You can open a Wise business account and have both business and personal account there!‌

 

[CryptoKnight]

Read the posts. Wise does not issue cards for a‍ US LLC. Only for personal account.

 

[daniels27]

Thank you. Friends, do yourself and the forum a‍ favour: Please read the previous posts. It had just 7 posts.

 

[lory]

LoL rof/%rof/%rof/%

 

[Aybi125]

Mercury is free.
Payoneer no, just no. Depositing is free. Withdrawing 2%
The others I‌ have no experience.

 

[psvunited]

Got Mercury, good for USD. Not for‌ EURO

 

[aragon]

If you are the company‍ director, you can spend from any personal account and expense it to the business. The⁠ spend becomes a loan to the business, and the business refunds you personally through a⁤ bank transfer from its business account to your personal account. Obviously the expenses have to⁣ be legitimate business expenses in accordance with your company's jurisdictional laws.

 

[daniels27]

Guys, read this. And also, we I wrote some⁣ time ago, there is no risk of piercing the veil etc. as long as you⁢ loan money to the business.

 

[kokunut]

ohhh my bad didn't read it all 🙂

 

[myshufflemix]

someone said you can't open a Wise account⁠ for a US LLC ?

If you can, beside you can't get a virtual card,⁤ can you get a physical card ?

 

[lory]

where do you read this ? @myshufflemix

 

[psvunited]

You can't, they don't give out any type of card (anymore)

 

[bubbledouble]

what banking do you found, beside Wise and⁠ Revolut I can't imagine many more good reliable options.