TW closing UAE accounts

[Zikki]

Is currencyfair offering direct iban paiement for customers,⁣ which european local bank is bacling up the EUR account? A part from conversion fees,⁢ any other good aspect compared to currenxie?

I finally successfully open an account at paysera.︀ Will give them a try as well.

 

[xaphane]

Yes they do its like currenxie, they are based in⁤ Europe. Price are almost the same otherwise..

Did you provide Register e-signature for Paysera?

 

[Zikki]

For UAE companies it was a nightmare... they don't have the correct procedure to cope with‍ it as they are trying to check the dubai chamber of commerce... which is not⁠ governmental but subscription based.

After weeks of discussions with them, they recognized their process was⁤ wrong so I granted them access ad PRO on the freezone website temporarily for them⁣ to check everything and after a couple of hours it was OK.

Fees are higher⁢ than currenxie but they do offer a card... I will move some money over there︀ and see if I run into any of the issues that were documented on this︁ forum...

 

[xaphane]

Same, I also tried it was so hard...︁ then I give up..

Once you have your currenxie account (or currencyfair), you can transfer︂ to UAE banks like mashreq or HSBC ... they also provide cards. (but you must︃ be resident)

 

[Zikki]

I have my personal account there but it would have been better to pay for⁠ company stuff directly with a card or to avoid EUR to be changed to AED.⁤ I have paysera now and will try them out.

Business accounts in UAE, both mashreq⁣ and rakbank made me wait a whole month (including 2 round trip to sign paperwork⁢ there) just to deny me with a "internal policy" bulls**t...
I will just stack statements︀ for a year and re-apply again.

 

[tacokai]

how is currenxie compared wot Wise in regards to wire transfer speeD?

 

[xaphane]

It takes 1 day when I send to European country or to UAE,‌ (problem is there is only a specific time to be able to do transfers)