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Is Dukascopy Bank SA a trustworthy bank?
- Thread starter magnificence
- Start date
There is no banking secrecy in Switzerland for foreign residents. France will find out about your bank account.
You can use this tool to keep an eye on which countries automatically report to each other: Exchange relationships - Organisation for Economic Co-operation and Development
You can use this tool to keep an eye on which countries automatically report to each other: Exchange relationships - Organisation for Economic Co-operation and Development
Yes they will report you for sure - consider our service to get what you are looking for.
Why this image?
As far as I understand they are very slow in responses but they have a good and serious bank in Switzerland that allow private & personal account opening, what more would you like then?
I have an account with them, and I have to say that so far everything has worked fine. But recently I withdrawed almost all my funds and left only a symbolic amount. The reason?. This: Dukascopy Bank SA is rated "Poor" with 2.1 / 5 on Trustpilot
It's worth to take a look at the comments. Now I am reluctant to fund that account again. If I leave MY money somewhere I need some peace of mind.
It's worth to take a look at the comments. Now I am reluctant to fund that account again. If I leave MY money somewhere I need some peace of mind.
It does not look very good indeed. The reviews seems to be valid. It's a no go for my operation.
I can help you. The funds on Dukascopy MCA accounts are not e-money and do get reported. However, the funds on the cards (Dukascopy card and Swiss Bankers card) are considered as e-money and do fall under the exception article you refer to. You can make conclusions yourself.
@Forester write
I have Dukascopy Bank
O Dukascopy card i must loading from mutl currencty account from/to card. I can also UNLOAD from card to currency account back.
Bank transfers sepa costs 3,50 EUR from mutli currency account.
This situation is difficult for me now.
I have a 5000 USD quarter limit
Oh. In the morning I recallled. (It was really ~year ago, when I encountered this information.) It concerned Dukascopy and the trick was as follows: When they onboard you, they set an initial limit for your account, usually 10k (or even less in some cases), that you cannot overpass otherwise your money are send back to you (to another account of yours, or you can pick up the cash). You can ask for increasing this limit (and in fact, you are a little bit expected to do so after some time) but you need not. And until you do, the relationship between you and bank fulfills the demands of Art. 16 b and c, so it is not reported... And if they preserved the policy of initial limits (~2 months ago it was so, as I heard), it should be still valid.
I was thinking that some analogy applies to Swissquote and Flowbank, too; as per your investigations, it seems that it is not so, at least for Swissquote. So really sorry for spreading the (partially) incorrect information.
I have Dukascopy Bank
O Dukascopy card i must loading from mutl currencty account from/to card. I can also UNLOAD from card to currency account back.
Bank transfers sepa costs 3,50 EUR from mutli currency account.
This situation is difficult for me now.
I have a 5000 USD quarter limit
An interesting information – and it makes sense. It could explain many issues.
Well, in such a case – apparently, times are changing. (Unfortunately, it's not a surprise
.)
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