EMI suggestions for individuals.

[Schopenhauer]

Hello,

From what I have observed, many EMIs only serve European or UK residents.

Do you have any EMI suggestions for those residing in Turkey?

What I have discovered so far is Paysera. They open accounts, but there are too many blocks and too many questions regarding incoming and outgoing transactions.

I'm talking about 5-10K EUR monthly volume. and I'm talking about local EUR and GBP bank details.
(and local USD if possible)

Thank you for your suggestions!

 

[Forester]

Do you have any EMI suggestions for those residing in Turkey?

Turkey is really a problematic country in this context. Regrettably.

I presume you are talking about a personal account, not a business one?

What I have discovered so far is Paysera. They open accounts, but there are too many blocks and too many questions regarding incoming and outgoing transactions.

I'm talking about 5-10K EUR monthly volume. and I'm talking about local EUR and GBP bank details.
(and local USD if possible)

In such a case, try Interpolitan Money.
Verifo can onboard you, I think; but you'll get just EUR. For USD you can try some Puerto Rican IFE, like Zenus.

 

[Schopenhauer]

Turkey is really a problematic country in this context. Regrettably.

I presume you are talking about a personal account, not a business one?



In such a case, try Interpolitan Money.
Verifo can onboard you, I think; but you'll get just EUR. For USD you can try some Puerto Rican IFE, like Zenus.

Yes. I am also aware that Turkey is not welcomed very warmly. Yes, I'm talking about personal accounts for this topic.

Thank you very much for your suggestions. I haven't tried them before. Time to check.

 

[icecold]

Setup a UK company or else in Europe and apply for a EMI business account, that's a better option for you. Most banks will refuse to open personal accounts for Turkey.

 

[Schopenhauer]

Setup a UK company or else in Europe and apply for a EMI business account, that's a better option for you. Most banks will refuse to open personal accounts for Turkey.

That's true. I actually have a UK company. but we are still getting rejected. The reason is we don't live in the UK.

 

[Alex Braun]

That's true. I actually have a UK company. but we are still getting rejected. The reason is we don't live in the UK.

There are some services providing utility bills, rental agreements, and landlines for an extra fee
Usually, it's enough to pass through compliance.

 

[Schopenhauer]

Still looking for a solution

 

[Forester]

Still looking for a solution

Well, I admit I have currently no idea re: local GBP banking details. I am not so well oriented at the UK EMIs market, there are ~300 EMIs; yet I believe that some can be found (e.g. check Wamo for personal accounts, they are friendly). I am not aware about a non-UK EMI/bank offering local GBP banking details for personal accounts... wait: check Xapo

Re: EUR & SEPA – have you tried Verifo? Result? And Zenus for USD?

One more idea for EUR & SEPA – and SWIFT for other currencies:
If you are OK with the islamic banking, check KT Bank Germany. It's a daughter of Turkish KT Bank and they are really open to Turkish citizens and residents, onboarding them remotely, on-line. But as I have said, it's an islamic bank and they take is seriously, so you have to be comfortable with Shariah banking.

 

[Schopenhauer]

Well, I admit I have currently no idea re: local GBP banking details. I am not so well oriented at the UK EMIs market, there are ~300 EMIs; yet I believe that some can be found (e.g. check Wamo for personal accounts, they are friendly). I am not aware about a non-UK EMI/bank offering local GBP banking details for personal accounts... wait: check Xapo

Re: EUR & SEPA – have you tried Verifo? Result? And Zenus for USD?

One more idea for EUR & SEPA – and SWIFT for other currencies:
If you are OK with the islamic banking, check KT Bank Germany. It's a daughter of Turkish KT Bank and they are really open to Turkish citizens and residents, onboarding them remotely, on-line. But as I have said, it's an islamic bank and they take is seriously, so you have to be comfortable with Shariah banking.

Thank you for your valuable feedback. Wamo does not offer individual accounts.

I added Xapo, Verifo and Zenus to my list. I will try them.

I also started an opening with KT Bank but unfortunately they rejected me because I do not live in Germany.

 

[Forester]

Thank you for your valuable feedback.

You are welcome.

Wamo does not offer individual accounts.

Well, it's possible, unfortunately. I was not sure at all, as I have written.

I added Xapo, Verifo and Zenus to my list. I will try them.

Good luck!

I also started an opening with KT Bank but unfortunately they rejected me because I do not live in Germany.

Bad news .
Not so long ago, they were onboarding Turkish citizens with residency in Turkey with no hassle...

 

[kuasz723]

Try Zen.

 

[Forester]

Try Zen.

Zen, unfortunately, does not accept Turkish residents. (Or do you have the different experience?)

 

[kuasz723]

Zen, unfortunately, does not accept Turkish residents. (Or do you have the different experience?)

They did, at least last year. Know many users they even supported id. Maybe not now but can try, generally lt emi's were ok with it.

 

[daniels27]

Do you have a lot of FX?

 

[Schopenhauer]

Do you have a lot of FX?

No, I guess I don't have that.

 

[kevoman]

That's true. I actually have a UK company. but we are still getting rejected. The reason is we don't live in the UK.

There are some services providing utility bills, rental agreements, and landlines for an extra fee
Usually, it's enough to pass through compliance.

Hi, please can you provide us some of these services that provide utility bills and landlines

 

[daniels27]

Hi, please can you provide us some of these services that provide utility bills and landlines

Photoshop and paint.

 

[clemens]

That's true. I actually have a UK company. but we are still getting rejected. The reason is we don't live in the UK.

Look inside mentor group gold and you can solve your problem easily I guarantee you.

 

[russelw65]

Thank you for your valuable feedback. Wamo does not offer individual accounts.

I added Xapo, Verifo and Zenus to my list. I will try them.

I also started an opening with KT Bank but unfortunately they rejected me because I do not live in Germany.

Just checking in to see how it was with Xapo and Verifo? I am also looking at these