EUR Banking / EMI for US LLC?

[bigbite100]

Hello,

which bank accounts / EMI can you recommend for US LLC? Imporant is an EURO account.

Already know about Wise, Revolut, Zen, Currenxie, Airwallex, 3S Money and Mercury (which doesnt work with EURO)

Do you have other alternatives?

 

[Cloudbanck]

So Zen, Currenxie and Revolut dont open accounts for US LLCs I think. Mercury does, but as you mentioned only supports USD.
3S Money I dont know. So that leaves Airwallex and Wise.
Id add Levro to the list of EMIs where a US LLC can open an account and which supports multicurrency/EUR.

 

[Forester]

Generally, you can find various options for a US LLC in discussions here US neo-banks List [For Non-Residents LLCs] and here Mercury, TryNovel, or something else?
For a EUR account, I am not sure – just check . (3S Money give EUR account, I think.)

 

[Clearsky Network]

Hello,

which bank accounts / EMI can you recommend for US LLC? Imporant is an EURO account.

Already know about Wise, Revolut, Zen, Currenxie, Airwallex, 3S Money and Mercury (which doesnt work with EURO)

Do you have other alternatives?

Try Wallter.com
They accept US companies.

 

[EliasIT]

Try Wallter.com
They accept US companies.

How reliable are they, anyone know if they are licensed and where?

 

[Clearsky Network]

How reliable are they, anyone know if they are licensed and where?

Licensed in Lithuania

 

[stivemoose]

I'm reaching out again to explore alternative options for opening a euro bank account for my non-resident LLC. I attempted Revolut, but they don't facilitate accounts for non-residents, and Airwallex proved challenging during the application process.

Do you have any experience with Walter or 3S Money? Alternatively, I'd appreciate any recommendations for euro bank accounts suitable for non-resident LLCs.

 

[Clearsky Network]

I'm reaching out again to explore alternative options for opening a euro bank account for my non-resident LLC. I attempted Revolut, but they don't facilitate accounts for non-residents, and Airwallex proved challenging during the application process.

Do you have any experience with Walter or 3S Money? Alternatively, I'd appreciate any recommendations for euro bank accounts suitable for non-resident LLCs.

Have lots of experience with Wallter, how can i help?

 

[Clank]

Airwallex, no fees for receiving or sending.

You can create unlimited physical and virtual cards.

 

[ShillGates]

Have lots of experience with Wallter, how can i help?

Wallter are a bunch of crooks and stealing money from accounts as they please. Their bank statements are based on a 1995 excel file. Good luck with doing anything with them, dont touch them with a bargepole.

https://www.lb.lt/en/news/bank-of-lithuania-imposed-a-fine-of-eu280-thousand-on-wallter-uab
and they dont learn....
https://www.lb.lt/en/news/wallter-u...ection-and-provision-of-incorrect-information
3s money great
airwallex great

as in they are real companies adhering by the regulations set.

oh and if anyone got problems with an emi in lithuania, just raise a complaint with the regulator, that will sort things out

 

[Clearsky Network]

Wallter are a bunch of crooks and stealing money from accounts as they please. Their bank statements are based on a 1995 excel file. Good luck with doing anything with them, dont touch them with a bargepole. Clearsky are closely related, if not the same company ubo there.

https://www.lb.lt/en/news/bank-of-lithuania-imposed-a-fine-of-eu280-thousand-on-wallter-uab
and they dont learn....
https://www.lb.lt/en/news/wallter-u...ection-and-provision-of-incorrect-information
3s money great
airwallex great

as in they are real companies adhering by the regulations set.

oh and if anyone got problems with an emi in lithuania, just raise a complaint with the regulator, that will sort things out

Excuse me, how did you decide that Clearsky is related to Wallter or any other EMI at all?? I suggest to do your research before making false accusations.
Wallter may not be suitable for everyone and its ok, they are high risk oriented and open accounts quickly for complicated companies and problematic jurisdictions (experience of many years working with them).
There was a question which EMI opens account for a US company - I know wallter does and contributed my knowledge to the Forum. Every person should make his own research before trusting his money to any financial institution.

 

[ShillGates]

so based on the research from the actual central bank of Lithuania - wallter is a no go as they already received two fines - and you still recommend them - buyer beware

have a nice day

in 2020
“The company not only held client funds in an improper manner, but also concealed this fact by providing factually inaccurate information to the Bank of Lithuania. These are two serious legislative infringements.
More: https://www.lb.lt/en/news/wallter-u...ection-and-provision-of-incorrect-information


in 2021
The institution had not always identified its customers and their representatives properly
- and -

In addition, in the period under inspection, the institution had not ensured independence of the internal control function, which is responsible for the organisation of the prevention of money laundering and terrorist financing, from business interests.

More: https://www.lb.lt/en/news/bank-of-lithuania-imposed-a-fine-of-eu280-thousand-on-wallter-uab

 

[Clearsky Network]

so based on the research from the actual central bank of Lithuania - wallter is a no go as they already received two fines - and you still recommend them - buyer beware

have a nice day

in 2020
“The company not only held client funds in an improper manner, but also concealed this fact by providing factually inaccurate information to the Bank of Lithuania. These are two serious legislative infringements.
More: https://www.lb.lt/en/news/wallter-u...ection-and-provision-of-incorrect-information


in 2021
The institution had not always identified its customers and their representatives properly
- and -

In addition, in the period under inspection, the institution had not ensured independence of the internal control function, which is responsible for the organisation of the prevention of money laundering and terrorist financing, from business interests.

More: https://www.lb.lt/en/news/bank-of-lithuania-imposed-a-fine-of-eu280-thousand-on-wallter-uab

Wallter is not the only EMI that got fined, there are tons of others and they are still recommended on the forum. Even Revolut got fined... so?

 

[jellea]

I got a call from Wallter representative to pay my application fees. I see this as a scam because they told me it's non refundable. So I won't pay for application that they would just reject and take my money

 

[Clearsky Network]

I got a call from Wallter representative to pay my application fees. I see this as a scam because they told me it's non refundable. So I won't pay for application that they would just reject and take my money

Wallter asks for payment to be settled as soon as they are pre-approving the application. Its their internal policy to the best of my knowledge.
They are not cheap and not perfect but definitely one of the oldest EMIs.

 

[JustAnotherNomad]

See this thread:

Thread 'I tried opening a US business account in 18 EMIs, here's the result'

Mar 9, 2024

I have a US LLC, am non-resident in the US, and signed up to 18 different EMIs.

This is the result after a week:

1. 3S Money - Asked for $20 to process my application + it charges $100 a month for having the account open
2. Airwallex - Approved
3. Brex - Rejected because I have no venture capital (startup focused apparently)
4. Currenxie - Doesn't offer services to US businesses
5. Juni.co - Doesn't offer services to US businesses
6. Mercury - Application still pending
7. Novel - Application still pending
8. Payoneer - Wants the withdrawal account to be in the LLCs name (no point...

• Belfort
• emi
• Replies: 129
• Forum: Offshore Bank & EMI Accounts

• 
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[EliasIT]

But 500€ for an account opening with an EMI that has nothing to offer that is better than Revolut or Wise ? why would anyone do that?

I assume this is the EMI right - https://wallter.com/

 

[Clearsky Network]

But 500€ for an account opening with an EMI that has nothing to offer that is better than Revolut or Wise ? why would anyone do that?

I assume this is the EMI right - https://wallter.com/

Most of the EMIs charge some fee for account opening.

 

[daniels27]

Most of the EMIs charge some fee for account opening.

Any those aimed at high risk business. The major ones for the general public offer this free of charge. Competition is fairly high and there are many to chose from.