PL IBAN for CZ Company?
- Thread starter cionide
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far the easiest way is to setup an account with Czech Fio Bank and PL account with IBAN comes with it for free
The suggestion from @void is reasonable; Fio is pretty much the only Czech physical bank that will still onboard VASPs (although it is also not a particularly easy process). But you will get a normal CZ IBAN with several currencies incl. PLN - not a Polish one.
Polish IBAN for Czech VASP sounds like a pretty difficult task. He can try Quicko - they are working with several VASPs but they prefer set-ups with customer dedicated IBANs/card issuing.
Maybe the chances would be better if he were to set up an︀ Oddział and register it for VASP services at the IASK? Will still be able to︁ operate without MiCA until 2026, IIRC. That would probably boost the chances of opening an︂ account at the few banks where it's possible (I have seen PKOBP and mBank but︃ not sure how it looks now) but hard to tell.
Polish IBAN for Czech VASP sounds like a pretty difficult task. He can try Quicko - they are working with several VASPs but they prefer set-ups with customer dedicated IBANs/card issuing.
Maybe the chances would be better if he were to set up an︀ Oddział and register it for VASP services at the IASK? Will still be able to︁ operate without MiCA until 2026, IIRC. That would probably boost the chances of opening an︂ account at the few banks where it's possible (I have seen PKOBP and mBank but︃ not sure how it looks now) but hard to tell.
Banking from within PL︂ for a PL VASP is near impossible, and operating a VASP in Poland is nothing︃ short of a nightmare. Accounts get constantly frozen and closed and financial authority who is︄ clueless as to even the basics of how crypto works will constantly fine you. I'm︅ fairly convinced that the entire concept of a PL VASP is just a scam by︆ the government to be able to fine companies. PKOBP and mBank will have nothing to︇ do with it. He had some luck at smaller SKOK instead of banks but that︈ was still getting closed after a while.
The Polish PSP they use can only send out to PL IBAN numbers, and most transactions online in Poland are conducted using a system called BLIK (https://en.wikipedia.org/wiki/Blik) so a foreign PSP wouldn't nessesarily have that functionality.
Report this to ECB.
IBAN discrimination is against EU Law. They cannot discriminate against foreign EU IBAN's for any payment which would be a violation of Article 9(2) of the SEPA Regulation (Regulation (EU) No 260/2012.
IBAN discrimination is against EU Law. They cannot discriminate against foreign EU IBAN's for any payment which would be a violation of Article 9(2) of the SEPA Regulation (Regulation (EU) No 260/2012.
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