Which online bank to use to receive >100K euros?

[edouardseo]

Hi everyone,

I'm selling one of my personal websites to a german company for more than 100K euros. It's the first time I will receive such a large amount of money, and I would like to know which online bank can give me the least hassle with this transaction so that I don't stress and can receive the money quickly.
I've seen personal online banks like Bunq or even Revolut. Has anyone ever received this type of money with these banks? I would not like my account to be frozen or banned...

(Physical banks are not an option for me because I live in Hungary, and the banking system is lousy (I just arrived as an expat, and this is what other expats told me).

Of course, everything I do is legal, and I would have the PDFs of the sales contract as proof for the bank.

 

[JohnnyDoe]

If you explain the situation in detail and provide the documents before the transaction takes place and is approved, you should not have issues with Bunq.
You can also use Blackcatcard but it’s not a bank. It is good however as a fiat to crypto ramp.
I would avoid Revolut for this kind of transactions.
Aion bank is a good choice too, I have no problems with moving 6 figures amounts with them (and every time I do I buy some of their asset management product to make them happy).

 

[Martin Everson]

I've seen personal online banks like Bunq or even Revolut.

Bunq are masters of freezing accounts especially if funds come from third-parties. Customer support is non-existent to pre-check anything in my past experience. I wrote a whole thread about Bunq shady activity a while back.

 

[JohnnyDoe]

Bunq are masters of freezing accounts especially if funds come from third-parties. Customer support is non-existent to pre-check anything in my past experience. I wrote a whole thread about Bunq shady activity a while back.

I never had a problem with them lol
Those banking monkeys act completely random

 

[Martin Everson]

I never had a problem with them lol
Those banking monkeys act completely random

Your in the minority then I guess. It's overpriced has non-existent customer service and they care more about trees than they do about customers. Its not just me that wrote about them years ago on here but others have too given there feedback. Anyway I want to not bring up ugly memories of that terrible bank .

bunq is rated "Average" with 3.6 / 5 on Trustpilot

Do you agree with bunq's TrustScore? Voice your opinion today and hear what 8,202 customers have already said.

www.trustpilot.com

Aion seems a good choice. But yes one must explain the situation to bank before doing the transaction to be on safe side.

 

[void]

wise should be perfectly fine if you have no problem to provide related docs

 

[JohnnyDoe]

wise should be perfectly fine if you have no problem to provide related docs

I was waiting for someone to come up with this brilliant idea

Your in the minority then I guess.

Maybe I’m just lucky?
I’ve even done a few transactions with Kraken.

It's overpriced

I don’t think so

has non-existent customer service

They usually reply after 1-7 days. Most importantly, when they ask for documents, they don’t block the account while waiting for them.

and they care more about trees

I imagined from their color scheme that they must be some sort of LGBTQ+ green socialist bank, so I opted for their greenest plan to make them happier

than they do about customers. Its not just me that wrote about them years ago on here but others have too given there feedback. Anyway I want to not bring up ugly memories of that terrible bank .

bunq is rated "Average" with 3.6 / 5 on Trustpilot

Do you agree with bunq's TrustScore? Voice your opinion today and hear what 8,202 customers have already said.

www.trustpilot.com

At least they don’t remove bad reviews from Trustpilot

Now don’t misunderstand me: Bunq sucks like any other bank, just less than some others.

 

[void]

I was waiting for someone to come up with this brilliant idea

I noticed you're not a fan of wise however they work for me for years with no hiccup and I cannot say that about any other service out there (skrill perhaps but that's another beast )

 

[12345]

Now don’t misunderstand me: Bunq sucks like any other bank, just less than some others.

Nice feature they have is creating limitless sub account ibans if someone needs it for some purpose, unseen anywhere else I think, I use them for quite some time and I didn't have any problems yet, app design is okay for me too, I've seen much worse hah

 

[JohnnyDoe]

Nice feature they have is creating limitless sub account ibans if someone needs it for some purpose, unseen anywhere else I think, I use them for quite some time and I didn't have any problems yet, app design is okay for me too, I've seen much worse hah

Sssshhhhh

 

[Samman Kaseeb Sleiman]

@edouardseo
do you mind giving some information what website is? Or what's it about?

There's also 0bin.net - for the data that selfdestruct, in case you'd want to post a link. It'll be deleted after some period of time

The reason is because I've been a web developer for hundreds of years, but have never sold a website.

 

[overnbeyond]

Sssshhhhh

lol, that's why I like bunq 20+ sa
I agree that their support is terrible and everything must goes through their chat.

 

[Samman Kaseeb Sleiman]

Nice feature they have is creating limitless sub account ibans if someone needs it for some purpose, unseen anywhere else I think, I use them for quite some time and I didn't have any problems yet, app design is okay for me too, I've seen much worse hah

In what cases would that be useful?

 

[12345]

In what cases would that be useful?

If you need to make multiple payments or orders and don't want to get them linked with each other but can't share too much details

 

[edouardseo]

Thank you all for your answers!
@JohnnyDoe @Martin Everson I didn't know about Aion at all but I think I will use them if their support is good and fast.

@Samman Kaseeb Sleiman I can't share with you more I'm sorry but you have to get a lot of traffic to sell a website

 

[sergeylim88]

anyone had luck opening Bunq for offshore(belize, bvi, seychelles...)?

 

[Martin Everson]

anyone had luck opening Bunq for offshore(belize, bvi, seychelles...)?

No chance.

I’ve even done a few transactions with Kraken.

A few transactions...lol? I used Bunq for years. Bunq was crypto friendly as Bitonic Exchange banked with Bunq. Bunq was the go to off ramp for bitcoin back in day i.e Bitonic Exchange -> Bunq. Zero due diligence from Bunq and same for bitonic...lol. I talked about it all back in 2018 below.....lol. I am talking 8 figures with no checks .

Now the bank is hot . I would not touch it with your barge pole.

Looking for someone to consult me on the best way to cash out Crypto with minimal tax.

I prefer not to tell. It is important to know the precise country as tax authorities are not created equal. Sudan or India tax man is not comparable to Germany or United Kingdom for example. A DTA has nothing to do with tax enforcement or how a country will respond to such a common fake...

www.offshorecorptalk.com

Bunq V3 Mobile update sucks - Worst mobile banking User Interface of 2020

yea but if a person has, say, 300k€, then 3 different such emi banks are needed

www.offshorecorptalk.com

wise should be perfectly fine if you have no problem to provide related docs

Wise works well for large payments and and would be a top choice having had experience firsthand with them and large transactions. They also have clear guidance on large payment due diligence etc. But I kept it off my list as OP wanted a online bank and not an EMI .

 

[edouardseo]

No chance.



A few transactions...lol? I used Bunq for years. Bunq was crypto friendly as Bitonic Exchange banked with Bunq. Bunq was the go to off ramp for bitcoin back in day i.e Bitonic Exchange -> Bunq. Zero due diligence from Bunq and same for bitonic...lol. I talked about it all back in 2018 below.....lol. I am talking 8 figures with no checks .

Now the bank is hot . I would not touch it with your barge pole.

Looking for someone to consult me on the best way to cash out Crypto with minimal tax.

I prefer not to tell. It is important to know the precise country as tax authorities are not created equal. Sudan or India tax man is not comparable to Germany or United Kingdom for example. A DTA has nothing to do with tax enforcement or how a country will respond to such a common fake...

www.offshorecorptalk.com

Bunq V3 Mobile update sucks - Worst mobile banking User Interface of 2020

yea but if a person has, say, 300k€, then 3 different such emi banks are needed

www.offshorecorptalk.com

Wise works well for large payments and and would be a top choice having had experience firsthand with them and large transactions. They also have clear guidance on large payment due diligence etc. But I kept it off my list as OP wanted a online bank and not an EMI .

What's the difference between an EMI and a bank? I'm new to all of this..

 

[Martin Everson]

What's the difference between an EMI and a bank? I'm new to all of this..

In day to day use as a end customer not much in reality if your just using it to receive and send money.

Below explains it best.

What is the difference between a Bank and EMI? - BusinessWar.com

In the recent past, when one thought of banking or making financial transactions, it involvedwalking into the banking hall and handling physical cash.

businesswar.com

 

[edouardseo]

In day to day use as a end customer not much in reality if your just using it to receive and send money.

Below explains it best.

What is the difference between a Bank and EMI? - BusinessWar.com

In the recent past, when one thought of banking or making financial transactions, it involvedwalking into the banking hall and handling physical cash.

businesswar.com

Great thank you! I think I am going to use Wise