SEPA EMI recommendation that will work comfortably with 6 digits.

[Schopenhauer]

Hello

I have companies in Turkey, the UK and Dubai. (I am ready to establish a company in a new country.)

I am looking for an EMI that can work comfortably with 5-6 digits, does not ask too many questions and does not like blocking.
The EMI must support SEPA. I especially need SEPA.

I should be able to receive and send money with SEPA.

There have been some experiences before. Like Worldfirst and XTransfer, but they are very strict about incoming money. When you claim that this is a trade, they want screenshots of the conversations. That is why they are not functional. Or Wise closes after a few transactions.

Low fees, high speed, not too many questions.

Is there such a SEPA EMI?

Thank you in advance for your suggestions.

 

[SCHLOSSFINANZ]

you have no documents for your transfers? What you look for does not exist.
Low fees, high speed and no KYC.

 

[brianK]

I have to admit, you've really made things difficult for yourself, as others in the thread have already pointed out.
It's nearly impossible to find any reputable EMI worth working with that will allow transactions without requesting some form of documentation at some point.

 

[Solidus]

I second that. With all the KYC/AML regulations in place now, it's nigh on impossible to find such a solution.

 

[Aetherial]

Screenshots of conversations is diabolical, does any EMI really ask for those? I have absolutely no problem with sending contracts or other documents, but private conversations is a bridge too far

 

[user123434]

They asks, has been asked once or twice.

 

[Fred]

Hello

I have companies in Turkey, the UK and Dubai. (I am ready to establish a company in a new country.)

I am looking for an EMI that can work comfortably with 5-6 digits, does not ask too many questions and does not like blocking.
The EMI must support SEPA. I especially need SEPA.

I should be able to receive and send money with SEPA.

There have been some experiences before. Like Worldfirst and XTransfer, but they are very strict about incoming money. When you claim that this is a trade, they want screenshots of the conversations. That is why they are not functional. Or Wise closes after a few transactions.

Low fees, high speed, not too many questions.

Is there such a SEPA EMI?

Thank you in advance for your suggestions.

Does it need to be EMI?

Bank with SEPA Access for all your mentioned Countries Turkey, UK and UAE Company possible.

 

[BlackVault]

There's no bank that will not "block" or "ask you questions" at all. Instead, try to understand how you can trigger as few of their risk flags as possible. Try to understand how banks work.

Example:

• You're getting funds from B2C customers? They're considered more risky. → Better to form a front B2C company that a bank can easily understand, move the money to a same-country or low-risk jurisdiction, then move the money B2B where you want.
• You have a UK LTD with a non-resident owner/director? If so, try to put at least a resident director → Your business will look less risky to banks.
• You need to move your money to Dubai? Maybe better not to send it directly from the UK,send it first to HK, then Dubai, to lower the risk.

Of course, these are just examples to help you understand the process.

This is what makes the difference between companies that get their bank accounts shut down easily and others that can keep good-standing accounts. If you keep everything under control, you can move MILLIONS per week without issues, even on EMIs.