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juvejuve2020

New member
I haven't confirmed for definite myself, but from what I have read on this forum, N26 and Bunq might have banking licences and therefore might report under CRS? Not sure about Revolut or Monese.

If CRS is a concern for you, then it might be worth you looking into those financial institutions a little more so you know for sure what their status is there.

I think I have also read some scepticism on the forum about CRS and the "end of year balance" reporting too. You may only have $0 at that point, but if you are still reported to your local tax authority for interest earned during the year (or for your indicia or for some other reason) what's to stop your local tax authority investigating you further? Maybe some others on the forum who know more about this process can elaborate further on this point?

What I have in mind is to raise the money that falls on these EMIs and keep it. The only bank account I have with cash is the account where I receive my salary. Besides, I want to raise everything, so that these accounts (EMIs) are almost always as clean as possible. Therefore, these accounts do not generate interest. Thank you for your answer.
 

uplana

Corporate Services
Mentor Group Gold
Wonder if some of you guys will get back here and let us know if you got reported. By now everyone must know which EMI reports under CRS and which one does not.
 
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