Question EMI Accounts with German IBAN numbers

[Teehjay]

Hi,

I know a couple of EMI accounts with German IBAN numbers but they are mostly untrustable with incoming funds. It's always the same story of: "Please note that for security reasons the following load of your online account will be held until we have verified the source of your funds. As a regulated financial institution we are obliged to request this information". In my experience every EMI account did that to me.
Payoneer is the only EMI where i could verify my funds and fairly receive my withheld funds back in my hands in a expectable timespan. Unfortunately they stopped providing German bank account numbers from Wirecard.

I am looking for a new EMI account that will not hold my money fast or alot with a German IBAN number.

Thanks

 

[kkein]

Hi,

I know a couple of EMI accounts with German IBAN numbers but they are mostly untrustable with incoming funds. It's always the same story of: "Please note that for security reasons the following load of your online account will be held until we have verified the source of your funds. As a regulated financial institution we are obliged to request this information". In my experience every EMI account did that to me.
Payoneer is the only EMI where i could verify my funds and fairly receive my withheld funds back in my hands in a expectable timespan. Unfortunately they stopped providing German bank account numbers from Wirecard.

I am looking for a new EMI account that will not hold my money fast or alot with a German IBAN number.

Thanks

N26 maybe?

 

[goodvibes]

N26 has a banking license and is not an EMI

 

[JohnLocke]

What about Transferwise, they may have a German EMI if you apply with a German company, not sure, could also be it is Belgium.

Try Google search the forum, I'm sure this question has been raised here already.

site:offshorecorptalk.com german IBAN emi

 

[GlobalConsult]

In Germany there is only one EMI (PayCenter) and it only opens accounts for customers resident in Germany.

 

[MrYellow]

N26 not accept Indians. TW more strict to get. You sound more like you need some simple EMI.

 

[Manfred8273374]

IBAN is an european construct. Why it has to be a german IBAN? Is there a reason for that?

 

[Fred]

Malta based Finance Incorporated Limited. with Paymix Pro for business accounts and Prospero for personal ones was able to give you German IBAN of Handelsbank. They consider complex cases but will rip you off with fees. That's all I have in mind when it comes to German IBAN EMI's that could open for non-EU as Transferwise issued the same German IBAN's before they issued their own ones in Belgium.

Keep us updated if you proceed with this option.

 

[GlobalConsult]

Paymix has not offered any German IBANs since last year and it looks like Handelsbank is terminating the cooperation with more and more EMI that have received virtual DE IBANs from them.

 

[Fred]

Paymix has not offered any German IBANs since last year and it looks like Handelsbank is terminating the cooperation with more and more EMI that have received virtual DE IBANs from them.

Thanks for the update.

Last time we opened with them was April 2020.

Things changing really fast in the EMI space.