I was told that Swissquote has now became fully functioning bank and can even accept/send third party transfers. Can anyone confirm?
Swissquote
- Thread starter liroyb
- Start date
I wouldn't trust to use them as a bank, they restrict transfers to many countries. Use them as a broker.
Swissquote doesn't like third party transfers. They have a banking licence and a brokerage licence
but FINMA doesn't allow them transactional banking
but FINMA doesn't allow them transactional banking
Are you a swissquote customer?
Swissquote prefer not to be used as a bank but that doesn't mean you can't send money out from swissquote.
again FINMA licenced Swissquote as a broker with asset management banking. The internal and external
auditor does NOT allow third party payments. They accept a single digit amount per month case by case
auditor does NOT allow third party payments. They accept a single digit amount per month case by case
Business I would say even less likely they accept transfers from third party at all.
Only from the members.
it is for both personal and business accounts. Why should they allow third party transfers?
They are a discount broker for trading and investing not a payment provider!
They are a discount broker for trading and investing not a payment provider!
Incorrect. I receive a six-figures in my SQ account every month as my IP revenue from a third paty large company. Just inform compliance and get approval
yes a regular payment from the SAME originator! But not payments from different people every month, thats the difference.
The same originator is still considered a third party; it doesn't matter.
Also, you can't send many payments to different people every month with personal banking at any bank. They will question you and they will either warn you or close your account. You need to open business bank account for doing business.