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OnlyFans Banking EU - $300k+ a month

#41
kissingerfdd said:
So long story short.

I earn around $300k a month from OF. Yes I am the performer, not an agency and no I am not interested in sharing who I am.

My banking situation is always on edge. I use a variety of banks, EMI's, etc. I am a fully legal tax paying citizen and not trying to avoid taxes in any way unfortunately the banks don't seem to care about whether it is legal and more whether they see it as "moral" but I digress. I have had two EMI's and now a major bank close down my accounts, they do not disclose the reason simply citing "risk".

I really need a stable bank that is willing to accept around $300k a month without me having to act like I am running a drug cartel. I am EU based currently but I am willing to travel to anywhere that I would be able to find a suitable solution. An EU bank is ideal as OF pays via SEPA otherwise I am looking at sketchy third parties like Paxum, Skrill who also don't like processing large sums. I am considering Switzerland, Netherlands potentially but anywhere in the EU with SEPA is good but I am also open to relocation and alternate residence as long as the banking is secure and will not cause issues (Panama?).

Also yes my money is not stored in the bank it is invested but unfortunately it is hard to get money out of OF without it going through a bank in your own name or company you own wholly which is where the problems arise.

Any genuine advice is welcome, any creepiness is not as that is for the other side of the job.

:)
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In France, you can exercise your right to a bank account.

The conditions for benefiting from the right to an account​

You must:
  • be domiciled in France, without any nationality condition, or be French and reside abroad, or be of foreign nationality and legally reside in a country of the European Union other than France;
  • not have any individual account opened in your own name (or account in the process of being closed);
  • you have been refused the opening of an account by a bank.

https://www.banque-france.fr/en/node/2534

https://europa.eu/youreurope/citizens/consumers/financial-products-and-services/bank-accounts-eu/index_en.htm#:~:text=Right to a basic bank account,-You may want&text=If you are legally resident,where the bank is established.
 
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#42
Don said:
In France, you can exercise your right to a bank account.

The conditions for benefiting from the right to an account​

You must:
  • be domiciled in France, without any nationality condition, or be French and reside abroad, or be of foreign nationality and legally reside in a country of the European Union other than France;
  • not have any individual account opened in your own name (or account in the process of being closed);
  • you have been refused the opening of an account by a bank.

https://www.banque-france.fr/en/node/2534

https://europa.eu/youreurope/citizens/consumers/financial-products-and-services/bank-accounts-eu/index_en.htm#:~:text=Right to a basic bank account,-You may want&text=If you are legally resident,where the bank is established.
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And if rejected, what do you do? Sue the bank? rof/%
 
#44
JohnnyDoe said:
And if rejected, what do you do? Sue the bank? rof/%
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Can a credit institution refuse to open an account when it has been designated by the Banque de France as part of the right to an account procedure?​

NO, except for exceptions.

A bank may refuse to open an account for you even though it has been designated by the Banque de France as part of the right to an account procedure in the following cases:

If you already have a deposit account at the designated institution or at another institution;
If you do not provide the supporting documents requested by the bank under the provisions concerning the Fight against Money Laundering and the Financing of Terrorism.


Can a credit institution close an account opened under the right to an account, when it has been designated by the Banque de France?​

NO, except for exceptions.

A bank may close an account when it has been designated by the Banque de France as part of the right to an account procedure in the following cases:
  • If you have deliberately used your account for transactions that the institution has reason to suspect are for illegal purposes;
  • If you have provided inaccurate information;
  • If you no longer meet the conditions of domicile or residence (domiciled in France or residing in another member state of the European Union)
  • If you have opened a second account in France allowing you to use basic banking services;
  • If you repeatedly display incivility towards the staff of the credit institution;
  • When the establishment is unable to meet customer due diligence obligations
In these unique cases, the account may then be closed:

After compliance with a 2-month notice period before the effective closure of the account;
After notification of the reasoned closure decision addressed to the account holder and to the Banque de France which made the designation.
The Banque de France must be informed, by the banking establishment, as soon as possible, of the reasons for closing the account.
 
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#48
OVER said:
So you are making 300k per month and asking for a financial/legal advice on the forum? How old are you? This is Madness!

Ask the best professionals you can afford.
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Making X amount of money and paying for a good accountant/ tax adviser doesn't mean you're automatically hiring some genie who knows everything. Most of the time I've found knowledge online instead of being able to hear pratcical solutions from one of these people whom I paid for. This forum often contains a lot of knowledge which has pointed me in the right direction. It's a good bet to search both fields
 
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#49
First of all, Congrats for your success on OF.

Honestly the only suggestion I can give takes time...

If I were you, I would start with banks in adult business friendly countries (Netherlands, Czech Republic, probably Germany). Just be honest, say you work on OF as a performer. Show your income if they ask, show you are paying taxes, tell the reason why you can't bank in your country (not adult friendly jurisdiction).

If you want to improve your chances to get approved by a million times more, ask the bank if they have investments account as well because you want of course to deposit but you want also to invest some of your money with them as well. They will open their eyes.

Banks don't like to open "transitions" accounts. They want you to stay and make them money too. BA ks are not there to get and keep money for you. They are there to make money with your money.

Just try to be complacent. Honestly for that kind of cash flow bankers should literally bend and drop their pants (sorry, I needed to make that analogy)

I wish I had a bank, I would definitely accept you lol

EDIT: Honestly it make me laugh that on this forum there are so many prudish members...what a bunch of judgemental idiots. Jeez If I could sell pics of my ⚽⚽sack, I would for 5eur a piece
 
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#50
JohnnyDoe said:
It’s not that simple. Most of the “Best professionals” don’t know or can’t tell effective solutions.
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For 30-50% fee of OP's monthly income they should move their butts swiftly.
FiscalFanatic said:
Making X amount of money and paying for a good accountant/ tax adviser doesn't mean you're automatically hiring some genie who knows everything. Most of the time I've found knowledge online instead of being able to hear pratcical solutions from one of these people whom I paid for. This forum often contains a lot of knowledge which has pointed me in the right direction. It's a good bet to search both fields
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With 300k per month from the bedroom... gathering several pro opinions should be the must. On a side note, strange OF is not setting banking arrangements for top tier "performers".
 
#53
Marzio said:
That's because didn't share his OF profile with the decision maker :p
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Apparently they are not resistant to de-banking either.
https://www.ft.com/content/48e5d1a9-a132-4b11-8be8-47f63903f1c1
1730215005634.webp


OP - with 300k a month you could try to approach private banking... give them something by investing at least a little into their products..
 
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#57
FiscalFanatic said:
At the end of last year, the monetary authority of the Netherlands (DNB) adjusted the risk classification for sex workers, making it possible for them to open and maintain a business account, as they were having problems to do so. Banks comply with this classification. The tax burden is high in the Netherlands but it is therefore and nevertheless an option that you could consider.

If a bank refuses, you can legally challenge it and you will most likely win.

That applies especially to a personal account if you register as a self-employed person (but that comes with a higher tax rate). Because you are not a legal entity in that way It is a constitutional right to have an account in your name. At least 1 bank is obliged to provide this.

In case you do: don't go with SNS, Regiobank but with bigger banks such as ING which are known to be more lenient towards foreigners.

Considering you like investing, the Netherlands doesn't charge a capital gains tax on stocks (however there is a wealth tax), a small advantage

Please don't take my thoughts as financial or legal advice, I'm just thinking out loud

Good luck in your search, I hope you find a possibility
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One addition; you can only register as self-employed in NL when you are residing in NL else the only option is a Dutch BV. In fairness that might actually be a better option as you then have some more options for tax mitigation.
 
#59
maybe @The Kingdom Bank can accept your business and make a good OCT offer for the account opening.
 
#60
GPT said:
One addition; you can only register as self-employed in NL when you are residing in NL else the only option is a Dutch BV. In fairness that might actually be a better option as you then have some more options for tax mitigation.
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Yes, good addition. OP was writing she was willing to move to another country I believe so I responded to that scenario. But being a sole trader is taxed at 49,50% (insane) when you earn more than 75k so a BV is a better solution indeed.

If I were her I'd just use Yoursafe and move to Cyprus or something.

OF should provide the possibility to get paid in crypto. Would be less painful to deal with than all of this
 
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