EMIs/Banks with local IBANs

[Mister M]

I have just noticed that Payset doesnt offer local IBANs to their customers anymore


OuiTrust, PayDo, Exommbx, Unlimit, Amnis
What other banks/EMIs do you have in mind that offer local IBANs in multiple european countries through Banking Circle or any other provider?

 

[Ilias]

What happened with Payset? What are they doing instead now?

What country IBANs do you need and what purpose? IBAN discrimination is illegal with Euro transfers

Also I guess we should know nationality, business country, activity to tell a bit better

 

[Mister M]

What happened with Payset? What are they doing instead now?

What country IBANs do you need and what purpose

Also I guess we should know nationality, business country, activity to tell a bit better

Only GB IBAN, and German Sparkasse pooled account Seems like they ditched Banking Circle

LU/DE/NL would be great, for an Estonian company with a Estonian director and shareholder. Industrial trade, not that long incorporated

IBAN discrimination is illegal with Euro transfers

Yes for official institutions it is, in the private sector you can choose with whoever you want to do business or not and for whatever reason or not. Its a fact that the baltic countries dont have the best standing, especially in conservative western industries.

 

[ilke]

3SMoney has NL & LU but TBMK if they class your business as higher risk you will get GB details (MOLUGB22). They are quite focused on trade business so it could be good.

Otherwise look at Chinese providers like PingPongX, Worldfirst, Xtransfer; generally, they will issue through Citibank or JPMorgan which appears good for your business & often DE or LU IBANs.

PayDo and Amnis from your list are good for this as well; both are issuing via Banking Circle. If you can get accepted to Amnis, I'd use that as the first choice.

Also try Sokin for Banking Circle IBAN, but it'll be DK, not DE/NL/LU. They are suitable for larger turnovers too.

 

[Clearsky Network]

I have just noticed that Payset doesnt offer local IBANs to their customers anymore


OuiTrust, PayDo, Exommbx, Unlimit, Amnis
What other banks/EMIs do you have in mind that offer local IBANs in multiple european countries through Banking Circle or any other provider?

Payset currently offers GB and DK IBANs
If you are looking for GB IBANs try Payine

 

[Mister M]

3SMoney has NL & LU but TBMK if they class your business as higher risk you will get GB details (MOLUGB22). They are quite focused on trade business so it could be good.

Otherwise look at Chinese providers like PingPongX, Worldfirst, Xtransfer; generally, they will issue through Citibank or JPMorgan which appears good for your business & often DE or LU IBANs.

PayDo and Amnis from your list are good for this as well; both are issuing via Banking Circle. If you can get accepted to Amnis, I'd use that as the first choice.

Also try Sokin for Banking Circle IBAN, but it'll be DK, not DE/NL/LU. They are suitable for larger turnovers too.

Thanks alot for this, this helped me out! Sokin is a great recommendation, I thought they only had GB IBANs through Modular Finance.
Worldfirst has IE IBANs through Citibank, do you have more information about PingPongX or XTransfer? I know that OFX has a pooled DE account, but they also arent chinese afaik.

 

[plotoffshore]

I have just noticed that Payset doesnt offer local IBANs to their customers anymore


OuiTrust, PayDo, Exommbx, Unlimit, Amnis
What other banks/EMIs do you have in mind that offer local IBANs in multiple european countries through Banking Circle or any other provider?

Yeah, I noticed that about Payset too, bit of a shame, since local IBANs were one of the main reasons I used them in the first place. Seems like more and more EMIs are quietly dropping that feature or making it harder to get.

Out of the ones you mentioned, I’ve heard decent things about Amnis, they seem to still offer local IBANs via Banking Circle in several countries, and their UI is clean. Have you tried them yourself, or just looked into them?

Also, have you come across Intergiro? They’re worth a look, Swedish based EMI, but they offer local EUR IBANs (DE), and depending on your use case, they’re pretty flexible with multi user access and API integration.

Do you know if any of the ones you listed still provide country specific IBANs (like FR, NL, etc.) or is it mostly just DE and LT these days? Curious what your experience has been lately.

 

[ilke]

Also, have you come across Intergiro? They’re worth a look, Swedish based EMI, but they offer local EUR IBANs (DE), and depending on your use case, they’re pretty flexible with multi user access and API integration.

Let's not – https://www.intergiro.com/resources/tomorrows-world

It is a joke institution, in my opinion. In current times, they play hard to get with $1M yearly turnover requirements (BTW you can generally open with some of the world's largest banks with not much more complications + access to brokerage etc. with this turnover as well) and send you to Revolut (lol) if you do not pass their review.

I encourage you to read the aforementioned wet dream/future-fantasy from Intergiro, and see what they are looking for in life, drooling over the promise of seamless automation, AI-run everything, and quantum-resistant blockchains that’ll audit your books faster than you can blink. At first glance, it’s shiny. Impressive even. But scratch beneath the surface and what you’ve got is a hyper-centralized, bureaucratized, code-controlled hellscape dressed up as progress. They’re calling it ‘trust by design’, but I would say a better term is surveillance by default.

When every interaction, from your taxi route to your ad views to your battery charge, is tracked, tokenized, and priced in real-time by some omnipresent algorithm... you’re not running a business anymore. You’re just leasing your existence from the system. You’re allowed to act within tightly controlled parameters, but step out of line? That AI-powered “regulator” feed is watching. And good luck appealing to it. They want to bring the Big Brother in, just like the remainder of the EUSSR. This isn’t a free market. It’s a sandbox economy, and the state wrote the script.

Fraud ratings? Digital identity seeds? Sounds like the notorious social credit system just got a Western paint job. Want to buy something? Sure, if your past transactions don't make you “shady.” Want to run a business? Only if your Merkle Tree checks out. This isn’t trust. It’s pre-crime economics. And worst of all, these people, who want you to bank with them, are cheering it on.

 

[Mister M]

Have you tried them yourself, or just looked into them?

Onboarding seems pretty impossible in my case, I will try it anyways and will let you know. Intergiro isnt for me

Do you know if any of the ones you listed still provide country specific IBANs (like FR, NL, etc.) or is it mostly just DE and LT these days? Curious what your experience has been lately.

Yes, OuiTrust offers them in multiple european countries! PayDo too. Both through Banking Circle, OuiTrust has an own FR licence too.
OuiTrust takes 4000€ for Start-up applications though