can you check maybe zen.com can accept you https://ask.zen.com/hc/en-us/articl...pported-for-ZEN-Personal-account-registration
USDT to Wise (Personal)
- Thread starter menderes
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Yes but only to bank account in your name.
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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
Well we're not asking about sending cryptocurrency, we're asking whether we can send EUR via SEPA transfer from a reputable and regulated crypto exchange. So far it's a toss.
Nope, not supporting my current country of residence.
Funny because they support Georgia, Armenia, Bangladesh, Bhutan and Turkey, half of which have terrible financial reputation and a ton of illegal money flowing in, but as always, Poles are weird beings that rarely made sense to me.
What happens when Wise specifically decides to block your account? Do you get an appeal? If they outright terminate your account (or the appeal was not satisfactory) what do they do with your funds, be it in balance on Wise, or in transit?
Oh i didnt know that, does withdrawal to UAE banks work smoothly enough ,i never knew about this feature of wirex before.Thanks for the info Everson.
send to another account in your name or keep until you provide one.
id not bank on any appeal being successful or dealt with in a timely matter.
theres only two things to address hostile banking.
1. Do not use it at all esp not for your lifeblood (big savings etc).
2. Where 1. is not possible, have a lot of redundant providers such that you can be ditched by bank a one day and continue with bank b the same day.
SEPA wires only so no SWIFT.
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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
Not only Wise, any bank or emi in EU.
First they will ask you for the reason of the transfer, then possibly the SOF.
If these are not satisfactory (if the dumba**s in the compliance department does not understand it) they will (have to) make SAR (suspicious activity report) to FIU (financial intelligence unit).
FIU can freeze the funds (tell the bank to do so) for 30 days. If the subject does not prove the legal origin of the funds (and there is no criteria for that) during that time, they can keep the funds for another 60 days.
After that FIU can ask court for approval to keep the funds for a further year. If during this time the subject has not proven the legal origin of the funds, it will be confiscated.
This is really screwed because it violates the basic property rights.
And the reporting person (legal or physical) is free of responsibility for any economic or other damage to the subject while acting according to the AML law. And of course, the FIU will guarantee anonymity to the reporter.
This is EU today.
Last edited: Feb 23, 2025
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Expense invoices with cashback (in crypto). Crypto on/offramp with invoices. Crypto SOF solutions.
This is scary. So there seems to be no standard for what is acceptable and what is not and you're at the whim of some office rats. Even though I have impeccable SOF records and tax records, seems like they can shape the procedure and move the goal post arbitrarily from either malice, incompetence or indifference to the fact that they're causing harm to real people.
Basically presumed guilty until you prove your innocence in a way I find acceptable, but I will not tell you what I find acceptable so just roll the dice and beg me.
Ya absolutely agree with @JackAlabama here it was my reason to hunt for Hongkong bank accounts that i could open.And i am going to hunt for more such banks around the world .I hear that Sri Lanka is non crs.
As long as the money hits my account i am fine.Are they asking source of funds bulls**t too when you fund your wirex account with USDT?
exactly and that's very well possible with kraken.
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Yes at some point they will ask.
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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
I'm sure there is a solution. Some ideas -
Are you 100% sure you can't use your existing account as a "proof of solvency"? They might be able to provide a custom statement if you talk to them.
Have you considered explaining to your bank that the reason for transfer is "proof of solvency" and producing the relevant document yourself (combined with Wise account confirmation letter)?
Have you considered sending multiple 2500 EUR clips over time to Wise?
Have you considered topping up wise with a debit card? (Could be combined with the method above)
Can you open Revolut?
If you have source of funds, you could open Swissquote and deposit the USDT. Then you'd have a Swiss IBAN and all the statements you need. Or a perhaps easier alternative: SwissBorg
Are you 100% sure you can't use your existing account as a "proof of solvency"? They might be able to provide a custom statement if you talk to them.
Have you considered explaining to your bank that the reason for transfer is "proof of solvency" and producing the relevant document yourself (combined with Wise account confirmation letter)?
Have you considered sending multiple 2500 EUR clips over time to Wise?
Have you considered topping up wise with a debit card? (Could be combined with the method above)
Can you open Revolut?
If you have source of funds, you could open Swissquote and deposit the USDT. Then you'd have a Swiss IBAN and all the statements you need. Or a perhaps easier alternative: SwissBorg
I am thinking of putting in a couple mill for which there is no SOF i have to figure how to get around this.
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