Wise account for Cyprus company - waitlist

[Forester]

most often the close accounts like that if you don't have informed them about the real business activity.

Yes, it happens frequently, definitely.
But having said that, I insist on that there is really a very remarkable number of cases where their AI machine just makes a false deduction / misinterprets data (or/and some poorly paid trained monkey at the first line of compliance departement does the same); and the dispute takes eons.
I think that the biggest problem with Wise is that they are too known and too many people try to use it – not always for a clean activity – and the capacity of Wise compliance dept is very probably underpowered (it can perfectly be a result of the low-cost business model).

 

[Gjrwings]

I tried to set up a Wise account today for my company in Cyprus. During registration, I received information that:
"Due to high demand, we can't onboard business from this country right now. Join the waitlist, and we'll email you when you're able to sigh up"
Has anyone had a similar situation recently? Anyone know how much is in practice waiting on this waitlist?
Has anyone recently created an account on Revolut or is there a similar situation there too?

I've been on the waitlist for my Cyprus company application for almost 2 years with WISE. Even had a skype call with the Wise lawyer and account manager who couldn't do anything about the process. They were not even aware how long that waitlist is.

 

[spepe]

Same with Revolut, if anyone's wondering...

 

[AndyAresa]

Same with Revolut, if anyone's wondering...

actually Revolut accepts CY companies now. If you dm me, I can share direct contact details of the Revolut person who can guide you through the whole process of opening a bank account.

 

[Sols]

actually Revolut accepts CY companies now. If you dm me, I can share direct contact details of the Revolut person who can guide you through the whole process of opening a bank account.

No need for that. Stop trying to advertise stuff. That's a quick path to a ban. We have a very low tolerance for that kind of stuff.

Revolut accepts CY companies directly.

 

[AndyAresa]

Revolut accepts CY companies directly.

Exactly. This is not advertising, I am not getting anything for sharing the details anyway. The details I can share are the person within Revolut.

 

[clemens]

Exactly. This is not advertising, I am not getting anything for sharing the details anyway. The details I can share are the person within Revolut.

Hmmm, so if Revolut can accept Cyprus companies as it's a standard policy they have since Cyprus is in the EU - what's the need for people to contact you? It's nonsense, and as sols writes, it seems like nothing more than advertising. Are you planning to send people a referral link?

You must explain yourself if you think there is a really good reason for it....

 

[AndyAresa]

Hmmm, so if Revolut can accept Cyprus companies as it's a standard policy they have since Cyprus is in the EU - what's the need for people to contact you?

I responded to a specific person who wrote that Revolut does not accept CY companies and I offered him ( and not to everyone on this forum) a way to get the account if he wished so. I think my message is self explanatory, there could be no referral link, just the details of the person in Revolut.