Dear all,
I am revisiting a subject I mentioned quite some time ago, amidst various discussions. I am in search of a reputable and trustworthy EMI that can accommodate accounts for companies based in Europe and the UAE. These companies have been in operation for years, primarily within the technology sector, and are fully transparent, with a customer base consisting of large, well-established European businesses.
At present, I am using Wise for the European company and
Bankera for the other. However, both Wise and Bankera have their shortcomings, such as occasional account freezes (Wise) or repetitive requests for the same documentation every couple of weeks, which incurs significant costs (Bankera - e.g., company
Certificate of Incumbency, personal documents etc).
These issues consume a considerable amount of time, taking away from my core business operations.
I am seeking a
reliable EMI with professional service that operates similarly to a traditional bank. I am open to rigorous
KYC procedures, as long as I can ultimately rely on the account. The ongoing fees and frequent time-consuming tasks are proving to be quite challenging for my business.
Could you kindly recommend EMIs for me to consider (or Reliable Banks too that I can open remote)?
Thank you.
To clarify my concerns: I am incredibly exhausted from dealing with these seemingly amateurish EMIs. Instead of focusing on my business, I find myself constantly submitting documents and sending emails to providers like Wise, who take 5-6 days to respond. Such EMIs should not exist, as they only cause problems for customers.
While I understand the importance of KYC procedures, it is unreasonable for these providers to request the same information repeatedly within short timeframes. Blocking accounts and causing issues for customers who struggle to receive payments is not acceptable. And then, suddenly, these unprofessional EMIs return with a "thank you, we completed the
due diligence... for this week."
I am seeking to work with true professionals, not amateurs. My companies are 100% transparent, and I am more than willing to work with any bank or EMI that conducts thorough controls. There are no questionable activities, such as adult content,
crypto, money laundering, or any other unsavory practices.
I apologize for expressing my frustration, but the current situation is simply untenable. Thank you for understanding.
To clarify my concerns: I am incredibly exhausted from dealing with these seemingly amateurish EMIs. Instead of focusing on my business, I find myself constantly submitting documents and sending emails to providers like Wise, who take 5-6 days to respond. Such EMIs should not exist, as they only cause problems for customers.
While I understand the importance of KYC procedures, it is unreasonable for these providers to request the same information repeatedly within short timeframes. Blocking accounts and causing issues for customers who struggle to receive payments is not acceptable. And then, suddenly, these unprofessional EMIs return with a "thank you, we completed the due diligence... for this week."
I am seeking to work with true professionals, not amateurs. My companies are 100% transparent, and I am more than willing to work with any bank or EMI that conducts thorough controls. There are no questionable activities, such as adult content, crypto, money laundering, or any other unsavory practices.
I apologize for expressing my frustration, but the current situation is simply untenable. Thank you for understanding.
). (PEXA, Raisin and Kroo that I know as backed by ClearBank are not EMIs offering business accounts.)
