NARVI BANK

Been using for a few minor projects and so far so good.

montterio said:

is a virtual bank actual

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To be precise, it's an EMI, not a bank.

Get dedicated IBAN accounts for each of your companies. Access all your companies via one dashboard.​

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Looks useful for people with more companies in operation.

well thats looks like a carbon copy of others and spelling mistakes. Good luck probably run by some criminals like a bunch of other emis there

With any service you are going to use and where reviews are a shortage I want to be very careful and start with very small amounts to see how it works and get a feel for the company and their support behind it.

Not too long ago they told me crypto businesses are allowed, then collected my documents and sent an email saying I have not been approved, reason for that is type of business.

Better stay away from it.

diatessaron said:

Not too long ago they told me crypto businesses are allowed, then collected my documents and sent an email saying I have not been approved, reason for that is type of business.

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Nowadays, "crypto businesses" is almost as vague as "fiat businesses". Based on the type of activities I see with Narvi, crypto was most likely not the (sole) reason for the decline. There were probably other factors.

montterio said:

Does anyone familiar with this bank ,is a virtual bank actual Narvi: Better banking for borderless business

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I believe it's from Finland and knowing Finland as I do -- i.e, an extremely regulated and mind-numbing society of law-abiders then go ahead be my guest - they were ahead of the game 25 years ago with everything being recorded by the Govt. The Police even knew then, how much you earnt last year as its on their system and related to your Driving Licence! (they calculate your fine - for speeding, parking etc etc on your salary) - e voila true communism!

diatessaron said:

Not too long ago they told me crypto businesses are allowed, then collected my documents and sent an email saying I have not been approved, reason for that is type of business.

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typical banks to work like that!

any update for Narvi ?

Still fine.

I'mRobot said:

Better stay away from it.

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hi, may i ask why? I'm thinking of going with them. thank you!

macthaiver said:

hi, may i ask why? I'm thinking of going with them. thank you!

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I did not - that was just English sarcasm - when I said "......go ahead be my guest" - that was NOT a recommendation and was clear from the previous descriptive text.
However as you described in another contribution that everything was 'legal and above board' then it may be suitable, however I would check with them about their thoughts on UAE. My wife's bank know that her husband i.e. yours truly, lives and works in UAE and has done since before we even met, but they still do NOT like it when I send her money. So, to save her problems and aggravation with these 'numbskulls' I send it via Souq Exchanges to Wise or N26 (Belgian and German IBANS), and then make little SEPA transfers within the lovely and democratic EU to keep the idiot banks happy.
As for transfers from a FZ company as I said, try to get something out of them (NARVI) on e-mail, how they treat funds coming from UAE.
It is problematic (which proves we must be doing something right doesn't it), as my Accountant in London tells me "They just don't like you".

Thank you! But did they really create an issue? did they stop / blocked /denied a transfer of yours?
Also, it's very strange that I can't find anywhere the fees! What are they? Is there a monthly fee for business account? or what? how they charge? I don't believe its 100% free as Wise is
Thank you very much!

Lord Palmerstone said:

I believe it's from Finland and knowing Finland as I do -- i.e, an extremely regulated and mind-numbing society of law-abiders then go ahead be my guest - they were ahead of the game 25 years ago with everything being recorded by the Govt. The Police even knew then, how much you earnt last year as its on their system and related to your Driving Licence! (they calculate your fine - for speeding, parking etc etc on your salary) - e voila true communism!

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I think you can feel safe with this Finnish EMI

montterio said:

Basically looking for EMI bank in nordic or Skandinavia zone ... if anyone can share link .. strictly virtual bank needed

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There are a few:

Finland
Holvi Business account for solopreneurs and teams | Holvi Europe
Narvi Narvi: Better banking for borderless business

Sweden
Intergiro Embedded Payments for Platforms | Intergiro
Steven App | Steven - Be even with friends
Juni Juni | Financial Services Built for Digital Commerce

Denmark
Inpay International cross-border payments solutions | Inpay

And in Norway there are 7 EMI licenses given, but they all seem to be payment solutions and mobile wallets and stuff.