Comment by ThePowerOfFuet
2 years ago
>Wise, my bank
Wise is not licensed as a bank, but rather a payment institution (or the local equivalent).
https://wise.com/help/articles/2932693/how-is-wise-regulated...
This affects your rights.
>We're headquartered in the Netherlands
I recommend Bunq, which _is_ a bank:
>I tried Revolut Business and Airwallex and got a generic "We can't offer you services at this time and you can't appeal and we can't tell you why" rejection from both of them
This is not a good sign. Who are your company's directors? Are any considered politically-exposed persons?
Funnily enough Wise is the only "non-bank" that currently pays me interest on my money voluntarily (that is going to be fun doing taxes for). All other banks are currently forcing me to open new accounts and shuffle the money (triggering god knows what checks each time I do this).
> Netherlands
Yeah, the neo-liberal tax-haven narco-state :)
And ironically, the OG electronic payment institution, PayPal, actually is a bank in the EU.