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Piano

Entrepreneur
Only way i could handle crypto efficiently without passing through clown EMIs is using onshore banks. That of course requires your money to be clean so if you got dubious sources you don't have much gateways to get access to banking unless you're well connected.

There are international banks that will look the other way if you're a private banking client but who will not hesitate to close your account if you are a retail customer and have crypto withdrawals. HSBC, Barclays, etc won't care much about crypto if you use reputable exchanges and can document your wealth properly and if you have a lot of money with them (1m plus).

Only other way as a retailer is to use local banks where you live (I know in some countries that is still difficult anyways since no banks are friendly with crypto), otherwise cash it out via OTC trades ( Bitcoin for cash type of deals) then slowly deposit the funds in an account.

If you accept crypto as a business and you're in a not-so-friendly jurisdiction when it comes to crypto then you're just shooting yourself in the foot and need to rethink your business strategy or location. If you try too hard to find workarounds and resort to sketchy EMIs to move money you'll create more problems instead of fixing that one issue you initially had.

Mercury Bank is a legit entity, they are more conservative because it's online and there is no in-person KYC, you'll just need to avoid triggering red flags and have a real business with real cash flow to be able to operate there. Most banks are starting to be very hostile to simplistic business models or randoms showing up saying "they're traders and they need a bank account". Crypto is going to be treated like forex/derivatives in the sense that if you have a company trading that market, you'll need to show some kind of license for it or at least a proof of regulation. And they'll ask for it even if you don't trade third party funds simply because they don't want people who can just pump millions of undocumented cash into the company, show up to the bank and call it "trading profits" (That trick is getting old and banks have caught up to it, they simply won't trust your word.).
you don’t need a license to trade your own money through a company ...why would broker statements to prove your trading profits not be enough ?
 

uplana

Corporate Services
Mentor Group Gold
you don’t need a license to trade your own money through a company ...why would broker statements to prove your trading profits not be enough ?
But you need a license if you trade 3rd party funds! Crypto or not it will be a license you need.
 

mrau

Active Member
The solutions I use that work all amount so far.
Ally.com
Chase
Cashapp btc enabled
These do not gaf. I’ve asked in chat(ally) and in person-at chase) and was told they have zero problems with it. Obviously a btc enabled cashapp allows btc:)
With those two banks I have sent plenty to exchanges. You can wire into/out of.
Cashapp can only be used to send 5k/week to external wallets.
Here is where cashapp shines:
Cashing out crypto from an exchange to your bank. 25k/week/account. Cashapp can sell unlimited btc however can only cashout to a bank 25k/week. (Though there are other methods to cashout to bypass this)
As far as your bank knows now, your funds are from cashapp, which is not an exchange of course. Never been questioned with accounts running at max.
So you want a million cashed out? 10 cashapps can do that in a month.
If you bypass cashout limits obviously the world is your oyster.
Then you can withdraw from atms worldwide, send to other banks, do whatever you want. ATM limits
Kick in here however, 1k/day x multiple accounts can get a hefty amount out, though opsec, do you want to be seen emptying out 10 local atms every day all month lol?
Well, it seems all you solutions are great as long as you are a US RESIDENT, otherwise, forget about them....
 

James2774

Active Member
Well, it seems all you solutions are great as long as you are a US RESIDENT, otherwise, forget about them....
Sort of, they work well if you have access to those tools mentioned, you dont need to be a US citizen, you just need access and permission from one.
 

botero

New member
Sort of, they work well if you have access to those tools mentioned, you dont need to be a US citizen, you just need access and permission from one.
Cashapp and Ally require an SSN and don't even accept ITIN's
Chase allows an NRA (non-resident alien) to open an account in person but it's pretty useless since the major crypto exchanges require an SSN.
Therefore, I agree with @uplana that you need to be a US resident to take advantage of the services you mentioned.
 

uplana

Corporate Services
Mentor Group Gold
Anyone know banks that dont be a big pain of asking about this money, and allow send money from crypto, even if i have to explain im not hidding nothing, im doing trading, but finally if so many questions i dont have the buy of the cryptos as i explained.
In the mentor group I found two guys able to help you cash out the crypto and use a method to be able to get the money to your regular bank account using EMI's as an middleman solution. Works well, some tweaks and you will be able to do the entire thing yourself fast and cheap.
 

Roy182

New member
I am in big trouble i cashed in a hefty sum in my bank account and after it was all said and done, they frozen my account, now unless i have another account where i can send the money too they won't unfrozen till then. I have no idea how to fix this and i was hoping some of yall have any suggestion. It's a pretty unreal situation the one i am in
 

juul2

New member
I am in big trouble i cashed in a hefty sum in my bank account and after it was all said and done, they frozen my account, now unless i have another account where i can send the money too they won't unfrozen till then. I have no idea how to fix this and i was hoping some of yall have any suggestion. It's a pretty unreal situation the one i am in
If funds are clean contact Bank Frick or Deltec

Be prepared for strict and long onboarding
 

Gediminas

Offshore Tax Advisory
Mentor Group Gold
Commercial Service
Business Angel
I am in big trouble i cashed in a hefty sum in my bank account and after it was all said and done, they frozen my account, now unless i have another account where i can send the money too they won't unfrozen till then. I have no idea how to fix this and i was hoping some of yall have any suggestion. It's a pretty unreal situation the one i am in

What is your citizenship and tax residency country? As someone mentioned above, if the source of the funds is clean, I am happy to help you.

Send me an email.
 

Absol

Learner
Mentor Group Gold
I am in big trouble i cashed in a hefty sum in my bank account and after it was all said and done, they frozen my account, now unless i have another account where i can send the money too they won't unfrozen till then. I have no idea how to fix this and i was hoping some of yall have any suggestion. It's a pretty unreal situation the one i am in
It's a really risk because you turn unbaked overnight.
If funds are clean contact Bank Frick or Deltec

Be prepared for strict and long onboarding
Bank Frick seemed solid, but I found it incredibly expensive, this Deltec I do not know, I'll search more on, Dukascopy can be a good choice. But rather get ready for a long onboarding flow. Maybe also bankera can be a solution.

In the mentor group I found two guys able to help you cash out the crypto and use a method to be able to get the money to your regular bank account using EMI's as an middleman solution. Works well, some tweaks and you will be able to do the entire thing yourself fast and cheap.
I wanna help of this 2 guys, one of them is Gediminas ?

What is your citizenship and tax residency country? As someone mentioned above, if the source of the funds is clean, I am happy to help you.

Send me an email.
I have visited your site Gediminas, really interest in your work :)
 

Roy182

New member
What is your citizenship and tax residency country? As someone mentioned above, if the source of the funds is clean, I am happy to help you.

Send me an email.
Italian resident in Malta and yes my source of funds it's super clean. I have all the proofs
 

Obelix

New member
Italian resident in Malta and yes my source of funds it's super clean. I have all the proofs
If you have alll the proofs how you bought it, you dont have problem in many banks, the problem its many people we dont have how we bought it
 

erni

Mentor Group Gold
I am in big trouble i cashed in a hefty sum in my bank account and after it was all said and done, they frozen my account, now unless i have another account where i can send the money too they won't unfrozen till then. I have no idea how to fix this and i was hoping some of yall have any suggestion. It's a pretty unreal situation the one i am in
there have been a few guys around here that were able to help with exact this issue.

Also I would speak with @Gediminas and @AlexPCS maybe @Fred can help as well!

That said, I agree 100% with this guy
In the mentor group I found two guys able to help you cash out the crypto and use a method to be able to get the money to your regular bank account using EMI's as an middleman solution. Works well, some tweaks and you will be able to do the entire thing yourself fast and cheap.
 

uplana

Corporate Services
Mentor Group Gold
It would be nice if @Admin could make a section in the Resource part of mentor group gold with EMI's and banks that are crypto friendly.

This thread is a big ass thread and difficult to pick anything useful from it.
 
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