Which EMIs open accounts for EU citizens and allow transactions of large sums?

[DavidS]

Need to wire money out of stock broker (6+ digits). Need reliable EMIs to open remote accounts for EU citizen and wire then to bitcoin exchanges to purchase bitcoin.

Any suggested EMis?

 

[Sols]

For EMI, Verifo is probably fine. I see similar amounts for higher risk businesses going through Verifo without any issues. They are tough on compliance and you will need to have everything in order, but communication is usually fast.

If the volume is consistently high, then banks like SEBA in Switzerland or Bank Frick in Liechtenstein might also be doable.

 

[DavidS]

For EMI, Verifo is probably fine. I see similar amounts for higher risk businesses going through Verifo without any issues. They are tough on compliance and you will need to have everything in order, but communication is usually fast.

If the volume is consistently high, then banks like SEBA in Switzerland or Bank Frick in Liechtenstein might also be doable.

Where is Verifo located and do they exchange info via CRS? Are there any reviews on trustpilot?

 

[Sols]

Lithuania. Verifo

If they don't already comply with CRS, then they will most certainly start to shortly. EMIs are subject to CRS. The only exceptions to this are lack of enforcement.

 

[DavidS]

Lithuania. Verifo

If they don't already comply with CRS, then they will most certainly start to shortly. EMIs are subject to CRS. The only exceptions to this are lack of enforcement.

Verifo might work ,do they give you bank account and what sums are they ok with?

 

[Sols]

They give you your own IBAN for SEPA/EUR. For other currencies and SWIFT transactions, they have a couple of different solutions. Just contact them and discuss your needs.

I see millions flowing through Verifo accounts on a monthly basis.

 

[DavidS]

They give you your own IBAN for SEPA/EUR. For other currencies and SWIFT transactions, they have a couple of different solutions. Just contact them and discuss your needs.

I see millions flowing through Verifo accounts on a monthly basis.

What if they are used just for quick in and out. Really the goal is to just get cash from stock broker to crypto exchange. Need an institution in between. Which crypto exchanges verifio work with?

 

[Sols]

Contact them. It won't be their first time getting questions like this. They have seen the flow before. Cash out assets, transfer into them, and then over to another financial institutions. But each case is unique, so it's hard to say for sure without looking at every detail.