Which banks accept high risk clients in 2020?

[Sols]

Pacific Private Bank seems great if you want all the reputational disadvantages of Vanuatu combined with being limited to EUR through SEPA or, if you are very lucky, EUR (and EUR only) over SWIFT via their Turkish correspondent bank.

 

[Gediminas]

Pacific Private Bank seems great if you want all the reputational disadvantages of Vanuatu combined with being limited to EUR through SEPA or, if you are very lucky, EUR (and EUR only) over SWIFT via their Turkish correspondent bank.

Well, I have the account in this bank as well. Sure, I remember 2 cases when I had troubles with receiving money from N. Cyprus bank, but apart from that, I am satisfied with the banking experience.

Their swift works just fine; it could be faster.

 

[lory]

Hey,

Try applying to the Pacific Private Bank.

I am partnered with this bank, so I am sure they accept fx/gambling.

are they high risk friendly? I wonder if this is a reliable bank?

 

[Gediminas]

are they high risk friendly? I wonder if this is a reliable bank?

Yes, they accept businesses from high-risk. It's a reliable bank, you can do your research on who runs the bank. The bank belongs to the company group that employs over 140 people around the world.

 

[lory]

Thank you, I will have a look at it, let's hope it is worth it and no one takes a run with my money. All I need is a safe place

 

[alexor424]

¿Why not an EMI? They are many that accept high risk customers

Can you advice some with SWIFT for SVG?

 

[alexor424]

Check Bank of Cyprus through introducer. They have relaxed their policies lately and accept high risk businesses.

Can you advice some introducers?

 

[lavel]

Check Bank of Cyprus through introducer. They have relaxed their policies lately and accept high risk businesses.

that's very very new to me that they have releaxed their policies! Are you sure about that?

 

[BlueMist]

Can you advice some introducers?

I used FBS Cyprus.

that's very very new to me that they have releaxed their policies! Are you sure about that?

Yes, they relaxed their policies earlier this year. I was able to open account for Malta trading company which can be considered high risk, something that was not possible a year ago.

 

[JohnLocke]

I used FBS Cyprus.



Yes, they relaxed their policies earlier this year. I was able to open account for Malta trading company which can be considered high risk, something that was not possible a year ago.

Not bad. I have been working with them for years. The last time I tried to open an account with them was in 2017 where it was difficult, if not impossible, to open an account for company actually registered in Cyprus.

 

[alexor424]

Mcb bank in Mauritius and Seychelles, been working with them with many clients of mine.

Can you share the introducer contact's? Or i can contact them directly?

 

[alexor424]

Bank one are very good

Can you share the introducer contact's? Or i can contact them directly?

 

[JustAskin]

Affiliate marketing is not a high risk business.

I have opened business accounts in several european countries and never had any issues.

I can assume that some banks in cyprus and similar countries can have issues like this due to lazy and non business minded staff.

False. I've been kicked out of 3 banks already because of this.
My business is 100% transparent but banks simply don't like forex/gambling related payments. Even if it is just a marketing fee.

If I don't tell them what I do exactly, this will just delay the "kick out". But eventually after 2-3 years they will find out.

BTW Bank of Cyprus also doesn't accept affiliates.

 

[Gediminas]

False. I've been kicked out of 3 banks already because of this.
My business is 100% transparent but banks simply don't like forex/gambling related payments. Even if it is just a marketing fee.

If I don't tell them what I do exactly, this will just delay the "kick out". But eventually after 2-3 years they will find out.

BTW Bank of Cyprus also doesn't accept affiliates.

Find the EMI that is friendly to your business. Those are existing for sure!

 

[JustAskin]

That`s BS! Wirecard is a Bank and not EMI. And banks don't go bankrupt?

Furthermore, EMI are safer than banks. At the bank (at least in the EU) the deposits are only secured up to 100k, at EMI 100% !!!

Can somebody else confirm this?

 

[JustAskin]

Find the EMI that is friendly to your business. Those are existing for sure!

Sure but what happens to my money if they go bankrupt like wirecard?

 

[Gediminas]

Sure but what happens to my money if they go bankrupt like wirecard?

Clients’ funds are segregated from the financial institutions' own funds. You can read more about this there - Why Are Your Funds Safe? | Bankera Blog

This is an example of one EMI, but it's similar to most of the others.

 

[Sols]

Sure but what happens to my money if they go bankrupt like wirecard?

Wirecard is a bank. With a bank, you are protected under deposit insurance law which across EU is typically 100,000 EUR per person per bank. Anything above that amount is up to courts and creditors to claw back from the mess the bank leaves behind as it crashes and burns.

EMIs, on the other hand, are required to maintain 100% reserves (slightly more, in fact). They cannot use the funds for fractional reserve banking, investments, and so on. If an EMI fails, your funds are safe from other creditors.

 

[curiousmarv]

Wirecard is a bank. With a bank, you are protected under deposit insurance law which across EU is typically 100,000 EUR per person per bank. Anything above that amount is up to courts and creditors to claw back from the mess the bank leaves behind as it crashes and burns.

EMIs, on the other hand, are required to maintain 100% reserves (slightly more, in fact). They cannot use the funds for fractional reserve banking, investments, and so on. If an EMI fails, your funds are safe from other creditors.

Well there is a catch though. It's unlikely but can happen: If the bankend bank of an EMI fails you are screwed because this kind of business accounts are usually not 100,000€ protected in the EU. Some years ago Sata bank failed in Malta and it was the backend bank of the EMI Leopay. Afaik people could not access their money for a long time and some also lost money.

 

[DaniDani]

Can you share the introducer contact's? Or i can contact them directly?

i would be happy to get it too though