bankera scam

ilke · Jan 28, 2025

jellea said:
It depends on what you call unregulated and jurisdictions of context. For instance in my case, I plan to conduct my activities solely within a regulated exchange in the jurisdiction. Therefore I do not necessarily have to be regulated if I'm only acting on behalf of the exchange and within the exchange framework. This is simple as abc, people are just dumb or not understanding what the law says.

So some kind of aggregator/software product? If you are not taking or even touching user funds in the process, you can probably avoid regulation, but in that case I do not see why you need a C2B account and cannot use a physical bank or low-risk EMI showing them the technological services you provide that do not involve working with client funds.

And if you are taking custody of user funds or processing them through yourself, you are undertaking a regulated activity, maybe even as a small payment institution if receiving fiat and forwarding to an exchange. Or you are registered in a jurisdiction with little-to-no crypto regulation, in which case I would not be surprised EMIs reject it.

Btw, @Forester, I think it would make sense to branch off this part of content regarding @jellea's account opening options into a new thread as it does not really relate to Bankera scam/not scam status.

jellea · Jan 28, 2025

Well you forgot about the damages and emotional stress. I should be running my company instead I'm here dedicating time to find solution.
I try to act professionally, I gave written emails and yet they do not want to refund the so-called 450 eur. They will leave me with no choice and I know the negative impact it would have on their business. Apart from that it could bring an end to Emis charging application fee.

daniels27 · Jan 28, 2025

jellea said:
Apart from that it could bring an end to Emis charging application fee.

@jellea is a true Robin Hood. We should support him emotionally.

@JohnnyDoe for you

V

Thread 'What is Your Superpower?'

Sep 16, 2009

Most of us have had the conversation with our friends about which superpower we would pick if we could. Spider power, x-ray vision, super strength or speed.

Personally, mine would be invisibility, so I could steal from the rich and give to the poor and deserving, like a modern day Robin Hood!

Which super power would you choose, and why???

bibing · Jan 29, 2025

Lesson to be learned here.

NEVER pay an application fee for banking. Period.

Sols · Jan 29, 2025

The word scam is going to lose all meaning if people keep applying it to legitimate business practices that they simply don't like or agree with.

Don't like application fees? Don't apply with banks/EMIs that charge application fees. It's a free market.

JackAlabama · Jan 29, 2025

Konstanz said:
In some Swiss banks for such activity is 10-20k non refundable fee.

I find this to be truly astonishing
people in 2025 paying this, esp considering swiss banks not offering anything more at all compared to their counterparts in usa, hong kong, singapore etc.

bibing · Feb 2, 2025

ilke said:
I have seen clients at UK EMIs pay 5 thousand EUR for opening and they are still happy.

Africans scamming people on Alibaba?

Sols · Feb 2, 2025

bibing said:
Africans scamming people on Alibaba?

It's pretty common for specialized banks/EMIs to charge thousands for opening accounts for complex or regulated entities. Those accounts often come with monthly minimum commitments of thousands in fees. Enterprise pricing for enterprise clients.

cckuhqilfownnfctux · Feb 8, 2025

jellea said:
That apart, before opening bank account, you first check the terms and policy and also speak with the bank staff to confirm certain things on their website I.e if yourr business activity would be supported. I call this Due Diligence check.
It is at this point that most banks are eliminated because they tell you from the start if they can accept your activity or not. But bankera says yes, they would, and reviewed my application and categorized it as Business plus, just to make sure they ask me for 450 eur fee. Even though by reading their terms of service and policy, my business does not fall within the so called high risk.
Paying the fee at this point is almost same as paying the fee after they have opened the account, but only if the intention is not to scam you. Also saying they used my 450 eur to reviews my application is total bulshit. If they do not make enough money to pay their employees, then they should not be in the business. They should not be allowed to operate. Besides that, the employee that did the initial check to categorize my account as business plus, who paid him? Why was no fee requested then?

You guys need to understand this is absolutely wrong. If an individual does this, he will be charged and locked up, then why is a financial institution allowed to commit open fraud. I urge everyone here to report this issue to financial ombudsman. I will be going on Twitter to raise the awareness as well. And if possible I can pay a social media influencer to talk about it. It is very wrong what bankera does. Even if I don't get my money back I'm sure they will lose a lot of customers.

try Currenxie. I was desperate enough to use Bankera until I found Currenxie, no headache since then.
edit: just saw you've mentioned crypto, not sure if Currenxie will accept you but you still should try.

jellea · Feb 8, 2025

cckuhqilfownnfctux said:
try Currenxie. I was desperate enough to use Bankera until I found Currenxie, no headache since then.
edit: just saw you've mentioned crypto, not sure if Currenxie will accept you but you still should try.

Currenxie said they can't work with crypto related business

jellea · Feb 8, 2025

bibing said:
Lesson to be learned here.

NEVER pay an application fee for banking. Period.

True. Believe me lots of emi don't do this. I can list 5 emi that charge fee only after account opening is successful.

Bankera operation is simply a fraud. Some of ignorant people may try to protect them but I tell you, it's not legal to depend on client onboarding fund to pay for account opening services. These cost should be borne by bankera.

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