Risk of Wise acct closure feeding crypto friendly EMIs by nature ?

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pucecacou

New member
Hi all, any risk of potential closure of Wise account if transfering funds from Wise towards potential crypto friendly EMIs (to the likes of Bilderlings, Bankera or similar) ? Does it trigger a flag ? In the past, I've been banned by them for no apparent reson I qfigured out without possible discussion and now I'm a bit vigilant about any action which could upset Wise out the blue. Thanks
 

void

Entrepreneur
Hi all, any risk of potential closure of Wise account if transfering funds from Wise towards potential crypto friendly EMIs (to the likes of Bilderlings, Bankera or similar) ? Does it trigger a flag ? In the past, I've been banned by them for no apparent reson I qfigured out without possible discussion and now I'm a bit vigilant about any action which could upset Wise out the blue. Thanks
wise->bankera hundreds of thousands without one single hiccup - I stopped couple of months ago when bankera got nuts but it had nothing to do with crypto and wise
 

pucecacou

New member
Thanks for the reassuring feedback. I plan to use Bilderlings way more than Bankera. It has my preference.

Operations this way are running smoothly for everyone ?

PS: in which manner did "Bankera went nuts" ? I'm not aware, thanks for the enlightment
 
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void

Entrepreneur
Thanks for the reassuring feedback.
definitely not an advice, make your own research and decision, I simply state fact
I plan to use Bilderlings way more than Bankera. It has my preference.

Operations this way are running smoothly for everyone ?

PS: in which manner did "Bankera went nuts" ? I'm not aware, thanks for the enlightment
search the forum, discussed couple of times in other threads - they ask for nonsense (the real one, way above all the nonsense asked in the sector nowadays)
 

pucecacou

New member
definitely not an advice, make your own research and decision, I simply state fact

search the forum, discussed couple of times in other threads - they ask for nonsense (the real one, way above all the nonsense asked in the sector nowadays)
Will dig closer. If you've been unhappy, have you relied / teamed up with an alternative partner since then ?
 

Forester

Silver Member
Hi all, any risk of potential closure of Wise account if transfering funds from Wise towards potential crypto friendly EMIs (to the likes of Bilderlings, Bankera or similar) ? Does it trigger a flag ? In the past, I've been banned by them for no apparent reson I qfigured out without possible discussion and now I'm a bit vigilant about any action which could upset Wise out the blue. Thanks
Be advised that Wise (as well as Revolut, BTW) is known to have one pitfall: Closing the (especially business) accounts without any warning or notice, without any reasonable explanation and freezing the cash for undefined time. There is really a very remarkable number of cases where their AI machine just makes a false deduction / misinterprets data (or/and some poorly payed trained monkey at the first line of compliance departement does the same); and the dispute takes eons. There is a lot of (true) stories here at forums describing account blockings for no apparent reason, exactly as you mention in your post; and a lot of true stories describing account blockings for a very clear reason like a crypto-related operation (that is really against their ToS).
Putting all this together, make your own conclusion...
(I, personally, do not consider Wise neither reliable nor predictable for any other use case than you work as a porter, pay for your groceries and from time to time send some amount to your parents somewhere. Or perhaps you have a grocery shop and pay to your local suppliers.)
 

Gediminas

Offshore Tax Advisory
Mentor Group Gold
Commercial Service
Business Angel
definitely not an advice, make your own research and decision, I simply state fact

search the forum, discussed couple of times in other threads - they ask for nonsense (the real one, way above all the nonsense asked in the sector nowadays)

sir, don't put panic, please. Bankera is totally fine and it works as it should work.

IF ANYONE IS HAVING TROUBLES with their compliance, feel free to write me! I know them all!
 

FinTech Avenger

FinTech Guru
Mentor Group Gold
sir, don't put panic, please. Bankera is totally fine and it works as it should work.

IF ANYONE IS HAVING TROUBLES with their compliance, feel free to write me! I know them all!
@Gediminas things are almost always fine when you have right connections w/EMI senior management.

However, from the perspective of general Bankera user who opened an account him/herself, do you think it is totally fine to have to go to third party (you in this case) to try solving many problems that are evidently present within Bankera's onboarding/compliance workflows?
 

pucecacou

New member
Hi, I really need SEPA Instant, any recommendations other than BlackCat / Bankera / Verifo tht charge about the same fees : max 3 € per SEPA transfer ?
 

James Spader

Forum Moderator
Staff member
Blackcatcard works as a charm
How long have you been using the card and how much do you in average hold there? You don't need to say the exact figure but just something that could give me an impression on if they are worth it.
 

JohnnyDoe

Schrödinger's guy
Mentor Group Gold
How long have you been using the card and how much do you in average hold there? You don't need to say the exact figure but just something that could give me an impression on if they are worth it.
Im with them for 3 years now. I hold a base balance of about 20k, have moved through it up to 200k in a single transaction (so it happened that I had a balance of 200k+ for 24h). You can only send SEPA payments and for some reason you can’t send to GB.
Never had any problem. The customer support is good.
 

myhand

Rothschild family member
Mentor Group Gold

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