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Asian friendly bank account in SEPA zone

Discussion in 'Offshore Bank Accounts' started by arjunking, Aug 8, 2018.

  1. arjunking

    arjunking New Member

    I am looking to open a personal bank account in SEPA zone which accepts non european customers (Indian in particular).
    I will be using it for crypto-currency exchanges but for that I can use an EMI in between.
    I need a bank instead of EMI as I need to be able to deposit money in the bank account using SWIFT and the recipient has to be in my name.
    I would prefer if it can be opened remotely.
     
  2. Martin Everson

    Martin Everson Offshore Consultant Business Angel

    With very few exceptions banks in west don't generally accept crypto activity.

    You can however try wirexapp as they allow Indian clients but they only allow incoming SWIFT wires in GBP to an account in your name.

    The list of supported countries
     
  3. arjunking

    arjunking New Member

    Thanks for sharing that. I will give it a try.
    Just want to clarify that it isn't necessary for the bank to be crypto-friendly as I can use an EMI for that.
    I just want a bank which will accept SWIFT deposits under my name and then allow me to transfer those to the EMI which is also under my name.
     
  4. Martin Everson

    Martin Everson Offshore Consultant Business Angel

    If your wanting to send funds on by wire after receiving then wirexapp is no use.
     
    arjunking likes this.
  5. K12AN

    K12AN New Member

    No business accounts for wireex yet but looks like it will be good
     
  6. arjunking

    arjunking New Member

    With wirex, i dont need to transfer money out to another exchange or emi as i can buy from them so that i kinda solves the whole problem.
    (I am waiting for my account to get verified)
    Plus they allow to deposit using card which is a great advantage but the limits are low ($1000/day)
    Still if you know any bank which would allow euro or usd SWIFT deposits then please do share
     
  7. Martin Everson

    Martin Everson Offshore Consultant Business Angel

    Ok good to hear. Let us know how you get on.
     
  8. arjunking

    arjunking New Member

    Well I got verified today but it doesn't provide me with an option to add funds using bank transfer. It only allows to add funds using card (I have opened a ticket so will have to wait for their response). Also the crypto prices are about 1.5% higher than the market price. So my search continues.
    I am thinking of opening an account with handelsbank. Does someone have any experience with it?
     
  9. arjunking

    arjunking New Member

    Update to it
    Comes out you need to order a card to make SWIFT transfers and Indian nationals can't be issued card from a non-indian bank.