Altery

#81
Register now
You must login or register to view hidden content on this page.
padres123 said:
These are crazy. Three days have always asked for new documents. After long discus (why I don't have a real job) account was blocked and deleted. I couldn't even transfer EUR 10;)

View attachment 8741
Click to expand...
These all look completely standard nowadays, unfortunately. You can thank the government for passing laws that force banks/financial institutions to behave like this. If you can't explain every cent, you are presumed to be a tax evader laundering money.
 
  • Like
Reactions: JohnnyDoe and Forester
#83
Depositing 100k likely puts you outside their model client activity and into a high risk client bracket.

That EMI sounds unworkable if a first party wire and a small third-party wire are being held up. I would think carefully about continuing to use them if you have alternatives.
 
Reactions: cckuhqilfownnfctux, Marie Manila and JohnnyDoe
#87
cherry said:
Testing your money in a UK based financial institution is like putting your hand in a fire and testing if the fire will burn you.
Click to expand...
Why? Could you elaborate more on that?
 
#88
Forester said:
Why? Could you elaborate more on that?
Click to expand...
Not sure where to start because it's such a mountain. They have a body called the FCA - the Financial Conduct Authority, which has massive overreach controlling financial activities of both individuals and businesses. Among other things, they mandate banks to do manual checks for anything that looks "suspicious" must be investigated - as JohnnyDoe is experiencing. That's just the tip of the iceberg. If you try taking out more than 2000 in cash, banks are obligated to ask interogative questions about why you need it, and ultimately refuse to let you have your money, like this guy:

https://twitter.com/x/status/1808120724197953885
The latest push in the UK is to allow governments to actively watch everybody's bank statements in the UK:

https://twitter.com/x/status/1886469024047096076
I made a simple eBay transaction the other day with a new card, and the bank sent an automated call asking me to confirm my payment with their fraud department.
 
Reactions: JohnnyDoe
#89
All true, but non UK citizens/residents have a slightly easier life.
Unfortunately what you describe is common practice all over Europe and things will only become worse.
 
Reactions: cherry
#90
JohnnyDoe said:
Unfortunately what you describe is common practice all over Europe and things will only become worse.
Click to expand...
You are right, unfortunately.
This was a background of my question above. Yes, there are some differences between countries; yet as far as I can see, what FCA does is not exceptional – on the contrary.
 
Reactions: JohnnyDoe
#91
I am not sure if the FCA is easier or worse than any other 'regulator'.

I was about to sign up to Altery....! However, if I am a UK citizen, but EU resident, is using Altery a bad idea? Let me hear your opinions.
 
You must log in or register to reply here.

Similar threads

Help Needed - Bank Account for UK Ltd with Nominee Director
Replies
7
Views
582
Offshore Bank & EMI Accounts
Forester
Advcash update
Replies
49
Views
9,308
Offshore Bank & EMI Accounts
rdec237
R
Foreign-owned single member LLC has EIN issues....!
Replies
4
Views
804
Offshore Company
CyprusLawyer101
C
  • Locked
US Banking: Would you be interested in this service if it was available?
Replies
8
Views
423
Let's talk body
JohnLocke
  • Sticky
Premium Advertising Partner Uniqpayments | Merchant Accounts for High-Risk projects | Offshore Company Formation | EMI's formation | Private Nominee Service
Replies
27
Views
6,390
Offshore Bank & EMI Accounts
alain