Yet another bank that converts all deposits into USD. Same thing with Xapo. I like almost everything about that bank, but the ability of only holding USD currency is a big downside.
Nice, thanks for sharing!
Correct, this is not a true multicurrency account as I can see, hence perhaps not qualified for this thread; nevertheless, FV Bank has another undisputable pros, like crypto-friendliness and non-AEOI/CRS location... (not very cheap, though)Yet another bank that converts all deposits into USD.
Both interesting; I admit that never heard of (that means nothing).SunRate
LianLianPay
Yes, they are good, have already been named above.worldfirst
Both interesting; I admit that never heard of (that means nothing).
They are silent about pricing at webpages – are you aware, @xeathk?
What bank you are referring to here ?Yet another bank that converts all deposits into USD. Same thing with Xapo. I like almost everything about that bank, but the ability of only holding USD currency is a big downside.
It is in regards to Amnis. They have unique CH IBANS since March 2024. They only work for local SIC transfers.Just a tiny amendment – if nothing has changed very recently (~4 months), they have a LI licence, not a CH one (but being a CH company) and they have had as partners Erste Bank AT and The Currency Cloud (UK), so I am a little bit surprised with CH IBAN... Could you share BIC code that belongs to the CH IBAN? I wonder who is backing them there...
Interesting and nice to know. Thanks!It is in regards to Amnis. They have unique CH IBANS since March 2024. They only work for local SIC transfers.
To be honest, I do not like this business model very much. Yet, apparently, it is working for some...both have opaque pricing that requires talking to sales.
Xapo BankWhat bank you are referring to here ?
What's wrong with this business model?To be honest, I do not like this business model very much. Yet, apparently, it is working for some...
both have opaque pricing that requires talking to sales.
To be honest, I do not like this business model very much. Yet, apparently, it is working for some...
Well, I have not said that it is wrong, just that I do not like it very much. See, I believe in transparency in many (not all!) cases and a simple retail banking is one of them. It is fully understandable that e.g. in private (U)HNWI banking all the conditions are negotiable, as every business case can be (an many times is) different, therefore (almost) nothing is published. Similarly with the banking focused at high-risk businesses. But they present themselves (at least I understand it so) as a general platform; and in such a case I welcome when I can see immediately the pricing and TOS and am able to evaluate whether it is worth some further effort or not... But this is just my position.What's wrong with this business model?
didn't heard of these before. It's an astonishing thread.SunRate
LianLianPay
worldfirst