Withdrawal of cash

[mintotaint]

Hi there.

Looking for a bank/EMI for a UK LTD company that does not have any problems with big cash withdrawals of turnover for the business.
Over half of the monthly turnover will be cash withdrawal - the turnover doesn't exceed 5,000 EUR though (monthly).
The cash will be spent for expenses as the expenses cannot be paid with bank transfer.

Does anyone know if a bank/EMI will report something like this as suspicious behavior, and can anyone recommend a bank/EMI that might not have a problem with this?

 

[rey skywalker]

in europe forget it . it looks like you are a dreamer , only the‌ underground can help you

 

[mintotaint]

Do you have any recommendations‍ outside Europe?

 

[tacokai]

go with advcash or checkout in the mentor group what's there for you 😉

 

[mintotaint]

I was actually looking into AdvCash as an opportunity.

Although I am‍ wondering, if i dont exceed their daily and monthly cash withdrawal limits, is there a⁠ possibility for them to freeze my account?

 

[JackAlabama]

Are we really talking about 5000 Euro cash per month? If︀ it must be Europe, maybe try Switzerland? This is a tiny sum there and can︁ (could?) be easily spent in a night out with dinners, champagne and some fun etc.︂

 

[mintotaint]

I know it isn't much, I am just worried it might trigger something when⁤ it's like 80% og the monthly incoming transfers

 

[CaptK]

Viabuy.com this will fit your needs

 

[JackAlabama]

I doubt that‍ amount triggers in Switzerland. The nature of your business might trigger much more there than⁠ some simple cash transacitons.
And it might be hard to get an account.
Even very⁤ tiny restaurants can have this as daily deposits).

Other places are HK and UAE which⁣ are much more cash friendly though.

 

[mintotaint]

I will look into this, thanks for your reply!

I will also look into this as an option, thanks!

 

[lory]

What's the benefit of this VIABUY prepaid credit card with online account card compared to‌ AdvCash?

 

[mintotaint]

Maybe the fees. I haven't compared them yet.

But to transfer funds into AdvCash, I will need a payment processor that (would be pretty‌ nice) doesn't report according to CRS.. Any suggestions?

 

[uranio]

hello, revolut could be fine. I withdraw always from revolut business account large amounts (2-3k‌ in 1 day) and never had problems.