The worst EMI in the world

[Overtrade]

What are the worst EMIs in the world?

Staffed by monkeys and bots, run from coworking offices and Starbucks, suddenly closing and blocking accounts, detecting via app geolocation that you've changed your place of residence and then ceasing to work, demanding ridiculous documents, shutting down at night because Starbucks is closed.

Let’s create a list of shame!

 

[JohnnyDoe]

Wise

 

[EliasIT]

https://www.zen.com/ & Revolut

 

[JohnnyDoe]

https://www.zen.com/ & Revolut

I use them both successfully (Revolut only for small transactions).
I highly recommend Zen - for as much as a bank/emi can be recommended.
Always keep a backup, and backups of the backup.
There are no good banks or EMIs!

 

[diatessaron]

They're all bad. A good friend of mine who has been working for decades in compliance has a lot to say about these EMIs. They have seen more businesses fail because of the compliance department decisions than anything else. Once your account steps on a trigger and the compliance department gets involved, you're in for a ride.

Wise is currently number 1 as the worst for me.

 

[void]

I wonder what you guys do with Wise - I'm using them (multiple accounts) from the first year on the market and never had any serious issue with millions transferred over the years

on the other hand I had lots of fun with scumbags like bankera, mistertango, epayments

 

[JohnnyDoe]

I wonder what you guys do with Wise

Nothing out of the ordinary.

- I'm using them (multiple accounts) from the first year on the market and never had any serious issue with millions transferred over the years

You are lucky Like I’ve been so far with Revolut.

on the other hand I had lots of fun with scumbags like bankera, mistertango, epayments

Oh yes these are horrible but they were never intended to exist as genuine EMIs (just scams and/or laundromats).

 

[DerAufklaerer]

Paysera (not crypto friendly)

 

[Alexmorgan]

Wise

Exactly

 

[Alexmorgan]

I wonder what you guys do with Wise - I'm using them (multiple accounts) from the first year on the market and never had any serious issue with millions transferred over the years

on the other hand I had lots of fun with scumbags like bankera, mistertango, epayments

Lets talk after few weeks i saw this before

 

[EliasIT]

I use them both successfully (Revolut only for small transactions).
I highly recommend Zen - for as much as a bank/emi can be recommended.
Always keep a backup, and backups of the backup.
There are no good banks or EMIs!

Good for you; they’re the worst EMIs I've ever used. It's a definite no-go on my end.

 

[Forester]

https://www.zen.com/ & Revolut

I use them both successfully (Revolut only for small transactions).
I highly recommend Zen - for as much as a bank/emi can be recommended.
Always keep a backup, and backups of the backup.
There are no good banks or EMIs!

Well, I also think that Zen does not deserve to be put on par with Revolut. Yeah, they have got worse in the last time – as well as probably all LT EMIs and it is not their fail, in fact.

Good for you; they’re the worst EMIs I've ever used. It's a definite no-go on my end.

Anyone's mileage may vary...