UK LTD (non resident) Bank options
- Thread starter jonnyvut
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Your nationality, place of residence, company's business, annual turnover, etc. are all important questions.
And why wise close your account?
If you are doing some low-risk regular business with an EU or reputable passport, I think the following EMIs are not bad choices.
Fintech:
Airwallex
PingPang
worldfirst
Currenxie
Ouitrust
Some Fintechs in Lithuania:
Bankera
Verifo
Paysera
And why wise close your account?
If you are doing some low-risk regular business with an EU or reputable passport, I think the following EMIs are not bad choices.
Fintech:
Airwallex
PingPang
worldfirst
Currenxie
Ouitrust
Some Fintechs in Lithuania:
Bankera
Verifo
Paysera
Wise don't mind to open accounts for UK LTD's foreign owned!
Something else must be the reason for why they closed your account!
Something else must be the reason for why they closed your account!
You can try Cashplus in UK.
https://cashplus.com/business-account/
That's odd is that something new Wise does for UK companies? Whats your nationality and where are you resident?
https://cashplus.com/business-account/
That's odd is that something new Wise does for UK companies? Whats your nationality and where are you resident?
Are you sure that Cashplus accepts UK LTDs with sole non-resident directors? I am under impression that they insist on one senior director (the applicant) being a UK resident (other directors and major shareholders can be non-residents) – but I might be wrong...
Yes. GB IBAN only – and international payments are accepted via a collection account, i.e. not via IBAN dedicated to you.
Yes. GB IBAN only – and international payments are accepted via a collection account, i.e. not via IBAN dedicated to you.
I second these questions (+ currencies needed to operate in, needed payment destinations...).
I would stay away from Bankera, there is too much problems with them reported too often.
Cannot say anything about PingPang and Ouitrust.
I agree on others, adding Zen.com, Interpolitan Money, Moneycorp Bank (Gibraltar), Statrys, perhaps also Wamo.
I would stay away from Bankera, there is too much problems with them reported too often.
Cannot say anything about PingPang and Ouitrust.
I agree on others, adding Zen.com, Interpolitan Money, Moneycorp Bank (Gibraltar), Statrys, perhaps also Wamo.
I would just add that I have heard good reviews from a colleague about Ouitrust and seen quite a few negative reviews of Pingpong (like account frozen, money not releasing etc. - similar to some people's experiences with Wise)
Yep, Zen is a reliable one and Wamo is not bad. Potentially also Paysera could be added if the main interest would be EUR. Bilderlings is also a decent choice.
Yep, Zen is a reliable one and Wamo is not bad. Potentially also Paysera could be added if the main interest would be EUR. Bilderlings is also a decent choice.
Really nice to hear, as their Chinese links are quite unique, IMO.
Yes, it is on the original @linusAG 's list and I have agreed on it. And the emphasis on EUR should be articulated for Verifo too, perhaps even more strongly (I guess that Paysera has perhaps more currency wallets – frankly, I do not recall – while Verifo converts everything to EUR automagically).
Don't you consider their service a︁ little bit over-priced? (I admit I have not checked their pricelist for a long time...)︂
UPDATE: I have just checked. For ”domestic” companies, it's acceptable; for any offshore – still︃ quite a robbery, IMO (yes, there are even more expensive, like 2% for SEPA and︄ not 45€ 😉 ).
Yes, it is on the original @linusAG 's list and I have agreed on it. And the emphasis on EUR should be articulated for Verifo too, perhaps even more strongly (I guess that Paysera has perhaps more currency wallets – frankly, I do not recall – while Verifo converts everything to EUR automagically).
Don't you consider their service a︁ little bit over-priced? (I admit I have not checked their pricelist for a long time...)︂
UPDATE: I have just checked. For ”domestic” companies, it's acceptable; for any offshore – still︃ quite a robbery, IMO (yes, there are even more expensive, like 2% for SEPA and︄ not 45€ 😉 ).
How do they operate today like Wise and other EMI's ?
Wasn't it Paysera that were i difficulties some years ago?
Wasn't it Paysera that were i difficulties some years ago?
True. IIRC, Paysera's IBAN was only for EUR, but there were pooled accounts available for the other currencies.
Another option could be GuruPay (multi-currency, UK local supported, SWIFT available) or Genome and Vialet (also only EUR)
For domestic it seems pretty fair - 0.35 EUR for a SEPA︃ and 20 EUR monthly seems relatively fair because of the higher risk appetite.
For offshore,︄ I agree, the pricing is quite crazy. 45 EUR for a SEPA - maybe for︅ a business that makes only large transactions, but still.
It might make more sense if︆ one opens the account by buying the offshore/local company registration with them - the pricing︇ is not much worse than direct service providers and you are directly obtaining the Bilderlings︈ account within the fee. Searching bank accounts for an offshore company is not so easy︉ for most - so it might not be a bad choice.
I do not recall them having issues, just︌ that they don't really like SWIFT transfers, they always want to send EUR by SEPA︍ or TARGET2
Another option could be GuruPay (multi-currency, UK local supported, SWIFT available) or Genome and Vialet (also only EUR)
For domestic it seems pretty fair - 0.35 EUR for a SEPA︃ and 20 EUR monthly seems relatively fair because of the higher risk appetite.
For offshore,︄ I agree, the pricing is quite crazy. 45 EUR for a SEPA - maybe for︅ a business that makes only large transactions, but still.
It might make more sense if︆ one opens the account by buying the offshore/local company registration with them - the pricing︇ is not much worse than direct service providers and you are directly obtaining the Bilderlings︈ account within the fee. Searching bank accounts for an offshore company is not so easy︉ for most - so it might not be a bad choice.
I do not recall them having issues, just︌ that they don't really like SWIFT transfers, they always want to send EUR by SEPA︍ or TARGET2
Probably yes – when I see their pricing, the well-known phrase “desperate prices for desperate people” appears in my mind 😉. (Especially the yearly fee for holding funds over EUR 30k is sexy 😉) Definitely, they have quite a big risk appetite, it's clear.
Bilderlings:
Yes, I agree fully.
Yes, it sounds more interestingly – honestly, I was not︃ aware that they offer this service. Thanks for sharing!
Sure.
Paysera:
I second this – but I do︈ not consider myself being an expert re: history and background of LT EMIs. I guess︉ that maybe @Sols can say something more, if he notices this debate.
Bilderlings:
Yes, I agree fully.
Yes, it sounds more interestingly – honestly, I was not︃ aware that they offer this service. Thanks for sharing!
Sure.
Paysera:
I second this – but I do︈ not consider myself being an expert re: history and background of LT EMIs. I guess︉ that maybe @Sols can say something more, if he notices this debate.
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