UK originally, HK Business, reside in third country - I think you are right.
Open in the country where you reside or try with some EMI that accepts clients from there. You can also try in the US, but you need to visit in person.
It’s doable but not all the banks accept to transfer the balance of a closed personal account to a corporate account.
Happened to nearly all Brits in Asia...
- did me - back-story:This was a great warning! Thanks for sharing!Happened to nearly all Brits in Asia...
I sent funds to an account i'd left open 10+ yrs in-case of an emergency, for funeral costs, realised after i'd deposited that the account was 'frozen' - rang the bank - was informed it was time for updated KYC which was actually EDD and tax-evasion questioning (have no connections to the UK except what was an empty account)... anyway they took all my details some months later (7) they rang my 96 yr old grandmother (bless her) instead of me (trying to get hold of me - no clue where they got that number from) she told them I was overseas had been for 15yrs, then never heard from them again (no way to contact them as a specialist department and you go round and round in circles), they never once sent a letter/email/called my mobile/landline even though they had all the information, around Aug accounts disappeared with the last statement stating a final balance transfer to an account i'd never heard off. - apparently a account they send cheques from - f**k knows where they are sending the funds.
Alas small potatoes, was more irksome being in the dark.
What i don't understand - that's a bank, main-street bank i'd banked with since 1996... (or held a dormant account with).
Wise is a EMI (last time i checked), they shouldn't be having the same issues as these issues are mostly focused towards the following (same happening in the EU, US).
The account terminations are due, in part, to a sweeping bureaucratic security process that’s supposed to thwart criminals and stop fraud, terrorism, money laundering and human trafficking.
If Wise is closing your account, and you are being rejected by EMI(s) which essentially are holding funds (likely in the same banks or the main routing banks) as a unsegregated account or segregated account (depends). -> then there is likely something more sinister going on for you personally....
----
I have a Belgium friend, actually owns chunks of the banks voting power (shares), family inheritance etc, holding a sizable amount in the Bank - personal relationship with the senior management.
Lived overseas 20 yrs, China, HK, Thailand.
Even he is being told they are un-banking everyone and they are trying to hold off for as long as possible before forcing him out.
More on De-Banking.
https://aseannow.com/topic/1307361-barclays-to-close-uk-accounts-of-all-british-expats/https://aseannow.com/topic/1301867-those-who-have-had-their-accounts-closed-by-uk-banks/
Specific to Asia (ASEAN) region.
-
Who is "they"? Can't the Belgian bank shareholder get the first names & last names of these "they"? He has enough firepower, he should be able to pre-emptively destroy their lives, right?
UK, EU, US etc are pushing the compliance costs up (as mentioned above) thus customers not living in region are being de-banked, even in his position he will be forced to eventually move his funds (my point) based on his discussions.Who is "they"? Can't the Belgian bank shareholder get the first names & last names of these "they"? He has enough firepower, he should be able to pre-emptively destroy their lives, right?
Damn that is not reassuring!Happened to nearly all Brits in Asia...
I sent funds to an account i'd left open 10+ yrs in-case of an emergency, for funeral costs, realised after i'd deposited that the account was 'frozen' - rang the bank - was informed it was time for updated KYC which was actually EDD and tax-evasion questioning (have no connections to the UK except what was an empty account)... anyway they took all my details some months later (7) they rang my 96 yr old grandmother (bless her) instead of me (trying to get hold of me - no clue where they got that number from) she told them I was overseas had been for 15yrs, then never heard from them again (no way to contact them as a specialist department and you go round and round in circles), they never once sent a letter/email/called my mobile/landline even though they had all the information, around Aug accounts disappeared with the last statement stating a final balance transfer to an account i'd never heard off. - apparently a account they send cheques from - f**k knows where they are sending the funds.
Alas small potatoes, was more irksome being in the dark.
What i don't understand - that's a bank, main-street bank i'd banked with since 1996... (or held a dormant account with).
Wise is a EMI (last time i checked), they shouldn't be having the same issues as these issues are mostly focused towards the following (same happening in the EU, US).
The account terminations are due, in part, to a sweeping bureaucratic security process that’s supposed to thwart criminals and stop fraud, terrorism, money laundering and human trafficking.
If Wise is closing your account, and you are being rejected by EMI(s) which essentially are holding funds (likely in the same banks or the main routing banks) as a unsegregated account or segregated account (depends). -> then there is likely something more sinister going on for you personally....
----
I have a Belgium friend, actually owns chunks of the banks voting power (shares), family inheritance etc, holding a sizable amount in the Bank - personal relationship with the senior management.
Lived overseas 20 yrs, China, HK, Thailand.
Even he is being told they are un-banking everyone and they are trying to hold off for as long as possible before forcing him out.
More on De-Banking.
https://aseannow.com/topic/1307361-barclays-to-close-uk-accounts-of-all-british-expats/https://aseannow.com/topic/1301867-those-who-have-had-their-accounts-closed-by-uk-banks/
Specific to Asia (ASEAN) region.
-
UK, EU, US etc are pushing the compliance costs up (as mentioned above) thus customers not living in region are being de-banked, even in his position he will be forced to eventually move his funds (my point) based on his discussions.Who is "they"? Can't the Belgian bank shareholder get the first names & last names of these "they"? He has enough firepower, he should be able to pre-emptively destroy their lives, right?
FYI 3m Brits have been de-banked since Brexit (across the Eurozone), 1.2m Brits have been de-banked since these new changes (across the UK).
The only purpose behind the transaction is to recover my funds from my blocked Wise account.
