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Receiving money from company to EMI

albright

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Sep 7, 2018
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hi,

Is it possible to receive money to an EMI personal account from a company bank account, or does the EMI have to be setup as a corporate account? What if you were self employed and not set up as a company, but needed to be paid by a company to your EMI?

From what I can see from the likes of Advcash, any money received must come from an account in the same name, not a third party.
 
Yes you can receive third-party payments in an EMI personal account from a company. You can't however use a personal EMI account like a business account and be selling goods and services. Activity such as receiving your salary from thirdparty companies where an employment contract is present is generally acceptable on personal EMI accounts.
 
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hi,

Is it possible to receive money to an EMI personal account from a company bank account, or does the EMI have to be setup as a corporate account? What if you were self employed and not set up as a company, but needed to be paid by a company to your EMI?

From what I can see from the likes of Advcash, any money received must come from an account in the same name, not a third party.
I once asked the exact same question direcrly to TransferWise support and they told me that was fine as long as I had documents supporting the transaction.
i.e : in case you receive your salary a employment contract etc.
 

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