Are you sure it is possible to rise this limit?The size of the limit by default is set to USD 50'000 can be raised to 100.000 USD, for that you need to make a request and prove source of income.
Where did you find this information?On their website they say the plastic and virtual VISA cards will be available the 1st of December,
Dukascopy BankAre you sure it is possible to rise this limit?
I asked them and they told it is fixed at 50.000 USD.
i misunderstood, i have put a new post where i gave the prices of the cardsWhere did you find this information?
I already have a card since a few month with them.
Remember, the card is 1 CHF per month.
You created an account there or where? How did it go?Did you guys had luck to get an account opened there and how does it work ?
Are you happy with them? Do you think in 5-10 years, would you face a problem because you have an account at that bank? I know Transferwise shut down accounts of people if they work with Russian or Ukranian banks. Offshore banks usually have negative reputation when you want to transfer your money to traditional locations or want to do business with highly regulated (aka safe) entities, which can cause issues.It's easy to open an account via the app (or apps). The video conference is weird since you don't see the other person, unlike many other EMIs which use a third party like Go ID where you can see the other person. The lack of human connection makes it quite jarring. On top of that, the app is terrible to use compared to Bunq, Revolut, Transferwise, and other more mature solutions, and the fees aren't very attractive.
But if you want a Swiss bank account opened online, it's probably the easiest option right now.
I've known Dukascopy since 2014. They have a real office in Geneva with hundreds of high-paying people working there. Their logo is on the top of a prime building in Geneva which probably costs a lot.
They have a FINMA license which is no joke, it's one of the toughest regulator in the world and it's a Banking license, not some random brokerage license from the Carribean.
They are a very good alternative to Tier-1 private banks asking for a few millions in deposit -- instead, Dukascopy will ask you for a trade a month or something, which you can easily do (open/close a position)
Go for the MCA account.
There is no need for trading.