Recent content by Lincoln Burrows

I highly believe this is illegal, banks cannot issue cards in someone's name without going through KYC. I've seen this being offered by several EMIs only for Corporate Accounts where you can supposedly issue cards in employees' names and I even questioned the legality of it. But with Personal...

I think you got confused, they can't issue a card with a vanity name; it's illegal. What some EMIs can do is a vanity name IBAN.

Heads-up my experience with Finci was very bad. They took €1,000 for application fee and after a month the application was rejected with no reason! And of course the money is not refunded. I believe any EMI that ask for application fees upfront should be instantly ignored; if they're...

Their fees are absurd and they don't provide anything special.

Breinrock has the most expensive fees I have ever come across; below are the fees for High-Risk businesses without providing any special in return Onboarding fee: €2,500 Minimum Transaction Fee: €1,000 Minimum Balance: €10,000 Incoming Fee: C2B 2.5% (MIN 50) TBD Outgoing Fee: B2B 0.75% (MIN 50)

Reaching their sales isn't a hard thing to do, I can easily get all of them from LinkedIn. But I don't think it's a good sign that my money will be safe if I'd proceed with a financial institution that didn't respond to my query for 3 times. I never experienced such a thing before. If you have...

Give me a week, I'll make a dedicated post for EMIs that work with Crypto VASPs

Unfortunately, I'm right. This might eventually get their EMI/VASP license revoked. You don't understand how tough laws are with crypto. MiCA regulations, FATF regulations, etc.. This will also increase the competition with other VASPs who will start making reports to the FCA and license issuers.

Now watch banks block sending to Kraken IBAN :D

I can help you, will DM you. I contacted them 3 times on different occasions, but no response! I believe they require an introducer. Modulr cannot onboard new clients since October: FCA Restricts Modulr's Customer Onboarding

I disagree on that, they'll make more money from you as a customer. However, the point is if they even declined you, they want to at least make some profit of you a.k.a. Document Verification Fees.

Yes, the sales person title is "Senior Account Manager", I made it clear to her what is the nature of my business and what service I offer, and she replied "We can certainly open an account for you" and the rest is history. This shitty EMI is paydo.com

I had a similar experience with another EMI couple weeks ago where they informed me we can open a bank account for your business; they made me sign an agreement and pay €300 onboarding fee, afterwards they told me "Sorry your business is beyond our risk appetite". A total waste of time and money...

Can you please tell me about your experience with Finci? I had a good treatment so far and was considering opening a business account.

Their support response. "switching SEPA provider" makes no sense to me.