Offshore Bank Accounts
DLS Dubai - Company Formation & Bank Account
UK Ltd with emi bank account
Turner Little - Company Formation Agents

What EMIs allow bank transfers with a debit card?

CALL US ON +971 50 4467827 - TO SETUP YOUR NON-CRS COMPANY STRUCTURE IN DUBAI.
Bank Accounts, Company Formations, Tax Planning, Residency Solutions, and more

Raxxor

New member
You had a personal account and then opened a second personal one in TW?
I had a non verified personal account, I did 2 SEPA bank transfers through crypto debit card, everything worked fine. After some days I opened another unverified personal account, tried another bank transfer with SAME crypto debit card and I got banned the new account, first account got restricted and banned days after. So they checked I used same debit card in 2 diferent accounts, both accs were non verified. Also the debit card is "blacklisted" now, if I try open more accounts and use that card I get banned. Ofc the card is totally legit and im the owner, no fraud here, I was only trying to avoid taxes on "small" crypto money.
 
Last edited:

Sols

Staff member
Mentor Group Gold
It's generally not a problem to have two or more personal accounts with Wise, provided that you verify all of them but only use one of them. The others can be used to open multiple business accounts for different companies. But contact them (ideally in advance) and discuss.
 

Raxxor

New member
It's generally not a problem to have two or more personal accounts with Wise, provided that you verify all of them but only use one of them. The others can be used to open multiple business accounts for different companies. But contact them (ideally in advance) and discuss.
Yeah I checked the appeal process and they are requesting my ID verification and a card statement with my card name and partial number but im too lazy and I dont trust send that statement just in case they share my information with tax authorities in a near future. Also I cant find this card statement download link from my crypto debit card company, they are not a real bank with so much features.
 

rainy

Active Member
I had a non verified personal account, I did 2 SEPA bank transfers through crypto debit card, everything worked fine. After some days I opened another unverified personal account, tried another bank transfer with SAME crypto debit card and I got banned the new account, first account got restricted and banned days after. So they checked I used same debit card in 2 diferent accounts, both accs were non verified. Also the debit card is "blacklisted" now, if I try open more accounts and use that card I get banned. Ofc the card is totally legit and im the owner, no fraud here, I was only trying to avoid taxes on "small" crypto money.
I see. But 2 personal accounts - against the rules.
 

rainy

Active Member
Yeah I checked the appeal process and they are requesting my ID verification and a card statement with my card name and partial number but im too lazy and I dont trust send that statement just in case they share my information with tax authorities in a near future. Also I cant find this card statement download link from my crypto debit card company, they are not a real bank with so much features.
But won't your debit card company share that information with tax authorities too, in the near future?
 

Igemon

Active Member
I don't quite understand. Are you trying to make SEPA from crypto.com to an EMI like Wise? Or vice versa?
In the latter case, why not use Wise's own card?
 

BlueMist

Entrepreneur
You can use Skrill money transfer service. It’s free for debit cards for the same currency e.g. EUR to EUR, but you font get the IBAN.
 

Gediminas

Offshore Tax Advisory
Mentor Group Gold
Commercial Service
Business Angel
I really doubt debit card company share that info if card usage is only for normal life like buy food or online small payments.

Why not? It does not matter how you spend the money. If the card issuer is located in CRS country, they will share it.
 

Raxxor

New member
Why not? It does not matter how you spend the money. If the card issuer is located in CRS country, they will share it.
Well yeah, they can share my information but I mean tax authorities only care in my country and banks are reporting when transactions are above 10k€+ between internationals and local banks, 100k€+ between local banks, transactions with cash involved are above 3k€+, using 500€ paper money for example. doing and splitting a few normal life payments as an average person in a crypto debit card i really doubt is enough to get investigated.
 
DLS Dubai Company Formation and banking solution
Offshore Bank Accounts

Latest Threads

Offshore Bank Accounts
DLS Dubai Company Formation and banking solution
Top