Does a prepaid ,rechargeable with shared IBAN gets reported under CRS ?

[Piano]

The beneficary is the same for all users when making wires to load the card , users are distinguished by card number

I forgot to say it is a Mastercard

The issuer is the post office that has it‘s own bank

i just read this :
”
registered prepaid cards and bearer cards with IBAN (only inbound prepaid cards with IBAN, which are not interest bearing and are always below the threshold of € 2,500.00, are excluded from due diligence and reporting procedures). For these typologies, only the value of the balance as of 31 December shall be reported, since these instruments are not interest bearing.“

my card is a registered one and looks like it matches the description from above

Thanks to Martin

https://www.offshorecorptalk.com/threads/prepaid-visa-mc-with-shared-account-falls-under-crs.32818/

 

[myhand]

That could actually works for people with small amounts to move between accounts. For people with large profits and turnovers it does not really work.