Need a Personal Bank/Emi

[Centurion81]

Hello!

Been a long time lurker and really appreciate all the info here.

Anyway, since almost six months Bankera has frozen my personal and business account. Can’t do anything unfortunately.

In the meantime I will receive soon an amount of +-150k-200k euro, but with how Bankera has handled everything my trust in them has gone to the lowest point.

Don’t get me wrong I really really liked them, they were always nice and helpful and the service and card usage was perfect. I had not in 1 country any hassle, everything was perfect.

Anyway, I am looking now for a new personal emi/bank. A few important things:

• No hardcore kyc (passport + proof of address)
• My money is safe there
• No insane “frozen money” issues
• Not every two months another hardcore kyc compliance “source of wealth” questions
• The 150k-200k will be from a legal sale of real estate and the money will be transferred from an official EU notary
• I am a EU citizen (western europe), resident in another EU country
• Quick opening without hassle and no gazillion $ fee to open and then play roulette and pray it opens.

Any tips, helpful advice etc. are welcome and much appreciated!

Thanks for taking your time to read

 

[daniels27]

Maybe Amnis Treasury?

 

[JohnnyDoe]

walk in a branch of a local bank where you reside and open the account there.

 

[Ilias]

Collect&Pay
PayDo
Payswix
Verifo

Since you are an EU resident try some digital European banks like Openbank?

Anyway, for a physical real estate sale, I feel like you are much better off going and opening a physical bank account IRL.

Maybe Amnis Treasury?

I think you have to have a long-term running business account with them to get proposed personal.

 

[Centurion81]

Maybe Amnis Treasury?

Thank you. But it looks it’s a platform for business accounts and not personal, but I could be wrong?

 

[sebastian]

You need to go to a local bank with that amount coming in. You need to explain to the bank that you will receive 150 - 200K euro otherwise all will freeze the account you are new to them.

That said, in the past I contacted Wise before I opened an account, and told them how it will be and I never had a slightest problem with them, but I won't relay on it today, they are bigger than ever.

 

[Centurion81]

walk in a branch of a local bank where you reside and open the account there.

I prefer to not use them

 

[Martin Everson]

With an EU passport and as an EU resident you have endless possibilities even locally unless your a non-dom.

Basically any bank in EU will take you in short as your considered low risk including source of funds coming from EU Notary.

 

[Centurion81]

You need to go to a local bank with that amount coming in. You need to explain to the bank that you will receive 150 - 200K euro otherwise all will freeze the account you are new to them.

That said, in the past I contacted Wise before I opened an account, and told them how it will be and I never had a slightest problem with them, but I won't relay on it today, they are bigger than ever.

Thank you, yeah I prefer to not use the loc banks. They are a bit… “different” and I’m being very polite here

 

[JohnnyDoe]

Thank you, yeah I prefer to not use the loc banks. They are a bit… “different” and I’m being very polite here

Non local banks are worse. Your choice.

 

[sebastian]

Why not go the crypto way and receive the money in BTC, USDT or so ?

 

[daniels27]

Thank you. But it looks it’s a platform for business accounts and not personal, but I could be wrong?

You can also open a personal account there if you have good fx turnover. They are normally used to bigger amounts and should be able to handle it if it is clean.

 

[Centurion81]

Why not go the crypto way and receive the money in BTC, USDT or so ?

I don’t think the notary or bank of the person buying the real estate would do that. And perhaps it’s too volatile to be honest. Plus if I ever want to use it in other investments I want it to be and stay clean without any other bank having me jump through 300 hoops explaining the crypto to money transfers.

 

[Centurion81]

With an EU passport and as an EU resident you have endless possibilities even locally unless your a non-dom.

Basically any bank in EU will take you in short as your considered low risk including source of funds coming from EU Notary.

Ah ok thanks. I didn’t know I could open an account in any other EU country. I thought I had to stick where I reside, thanks!

 

[daniels27]

Ah ok thanks. I didn’t know I could open an account in any other EU country. I thought I had to stick where I reside, thanks!

You are entitled one basic account in each EU member country:
https://europa.eu/youreurope/citize...ts-and-services/bank-accounts-eu/index_en.htm

Many of them are free, many not. Santander in Spain may be an option, many more exist.

 

[Centurion81]

You are entitled one basic account in each EU member country:
https://europa.eu/youreurope/citize...ts-and-services/bank-accounts-eu/index_en.htm

Many of them are free, many not. Santander in Spain may be an option, many more exist.

This is great info, thanks a lot!