[LIST] Free EU bank accounts that you can be opened directly online

[blackrain]

My experience with this list as a localbitcoins trader.

I sell and buy btc with SEPA transfers. Because I receive from many people and send to many other people banks don't like this pattern and as you know it's impossible to reason with them. They act like fucking robots.


- N26: Used only once for localbitcoins. Blocked when transfering from kraken

- Revolut: Used them for some time. Was able to receive about €20k. Blocked

- Mistertango: https://bitcointalk.org/index.php?topic=1709715.msg28844528#msg28844528 Blocked

- Leupay: Already received 17k and stopped. Only large transfers so less sender. Still working

- Paysera: Low activity so far. Still working
 

Thanks for the experiences. I was tring to get verified on mistertango and their shitty system does not accept my id for mulitple times because they say it is blurred which is not. Anyway, I gave up after I see what you have said. In addition, It is suspicious that same one person is always writing positive things about this tango here on the site..

[Vanquish_PT]

Thanks for the experiences. I was tring to get verified on mistertango and their shitty system does not accept my id for mulitple times because they say it is blurred which is not. Anyway, I gave up after I see what you have said. In addition, It is suspicious that same one person is always writing positive things about this tango here on the site..

If you load these accounts from other account in your name and just spend money with the debit/credit cards it must be ok.

But what's the point of that? If I just want to spend money there are a million ways to do it.


If your idea is receive transfers and send transfers out, even a few thousands a month, you can forget these shitty banks.

[warningsigns]

Mistertango's accounts were probably originally meant for a local audience in Lithuania. I'm guessing the customer base ended up being too small to support the cost of operations, given the free-account-free-card price model, and they then ventured beyond Lithuania, hoping the demand for a service similar to the direct banking system (or the branchless kind of banking) might open doors to more customers.

It did, especially after the Wave Crest fiasco, but then again it also opened more doors to potential problems such as being the next Wave Crest. They do value their Lietuvos Bankas licence nr 11 to operate as an electronic payments company which is perhaps why they are being cautious and erring on the side of caution by closing accounts, instead of giving account holders a chance to explain themselves.

The problem with allowing these accounts to be freely used for receiving third party payments is it becomes a conduit for scams and fraud. Scammers will instruct their victims to wire funds into these accounts which are then withdrawn from ATMs. Difficult to investigate these crimes even if the accounts were verified with passports or ID.

[LeGaulois]

Nah I bet the problem is something else
Using your main bank account to receive frequently and/or large amounts, the bank suspect you to run a business.

Their problem isn't really that you have a business but the fact that you're using your main account with it, which is forbidden by any decent bank. You are supposed to have a business account.

Now, what do they call huge amount received to think it's a business may be different from bank to bank. But in my country, once you received 5000€ within 30 days the system give you a red flag and all info are forwarded to a govt. institution that will check carefully your banking history to look for any illegal activity done.

These "neo banks" are not much different from the traditional banks as we know it. They still need to abide by the laws for criminal activities, money laundering, etc.

We are really fucked with the banksin Europe

[HostFat]

Even epayments now gives personal IBAN

We are happy to release our latest feature: Your very-own personal Virtual EU IBAN (International Bank Account Number)! Use it to receive payments in EUR from your EU based clients in 35 countries, locally! Save time and money for you and your clients, and start accepting payments in EUR to your virtual EU Bank Account. To find your IBAN, go to "Receive" → "By bank details", and select EUR.

[planctoncu]

Today i've verified my account with Paysera , the guy told me that I cannot send money to Bitstamp, KRaken or whatever. Could you please remove it from the list?

Thanks

[HostFat]

Today i've verified my account with Paysera , the guy told me that I cannot send money to Bitstamp, KRaken or whatever. Could you please remove it from the list?

Thanks

I've added info about this.

[LeGaulois]

Wirex's community manager tweeted me this today New Crypto-Friendly Bank Accounts (from Wirex)
They are creating a crypto bank account, with a real card (not prepaid). IBAN, etc...
It can be a great solution to have

Receive salary or any payments direct to your Wirex account
Exchange fiat into bitcoin (and top altcoins) at any time. High volume limits. No waiting time for bank transfers.
No extra bank transfer fee
Cash out of crypto anytime to make fiat payments easier than ever before (starting with GBP UK bank transfers, international (IBAN) transfers, ATM withdrawal, or shop with Visa. EUR bank accounts with SEPA transfer, and other currency accounts to be added later)

[LTU_btc]

Today i've verified my account with Paysera , the guy told me that I cannot send money to Bitstamp, KRaken or whatever. Could you please remove it from the list?

Thanks

I've added info about this.

And quote from their website.

According to the rules for usage of Paysera system, clients are prohibited from managing unlicensed virtual currencies (e.g. bitcoin). Therefore, transfers to systems which exchange such currencies are not performed.

Paysera will block your account if you will use it to buy/sell BTC using it or transfer money to/from exchanges. I know many people who got their accounts blocked, so, it's better to don't try to risk. There are enough better alrernatives.

[mirlo]

Today i've verified my account with Paysera , the guy told me that I cannot send money to Bitstamp, KRaken or whatever. Could you please remove it from the list?

Thanks

I've added info about this.

And quote from their website.

According to the rules for usage of Paysera system, clients are prohibited from managing unlicensed virtual currencies (e.g. bitcoin). Therefore, transfers to systems which exchange such currencies are not performed.

Paysera will block your account if you will use it to buy/sell BTC using it or transfer money to/from exchanges. I know many people who got their accounts blocked, so, it's better to don't try to risk. There are enough better alrernatives.

can you give me some great banks to transfer money out of exchanges

[LTU_btc]

Today i've verified my account with Paysera , the guy told me that I cannot send money to Bitstamp, KRaken or whatever. Could you please remove it from the list?

Thanks

I've added info about this.

And quote from their website.

According to the rules for usage of Paysera system, clients are prohibited from managing unlicensed virtual currencies (e.g. bitcoin). Therefore, transfers to systems which exchange such currencies are not performed.

Paysera will block your account if you will use it to buy/sell BTC using it or transfer money to/from exchanges. I know many people who got their accounts blocked, so, it's better to don't try to risk. There are enough better alrernatives.

can you give me some great banks to transfer money out of exchanges

Mistertango for example https://mistertango.com
Bitcoin friendly Bank which gives IBAN account and free MasterCard. Little disadvantage that their card have low yearly limits.
I also can recommend to take a look at Revolut.

[Vanquish_PT]

Even epayments now gives personal IBAN

We are happy to release our latest feature: Your very-own personal Virtual EU IBAN (International Bank Account Number)! Use it to receive payments in EUR from your EU based clients in 35 countries, locally! Save time and money for you and your clients, and start accepting payments in EUR to your virtual EU Bank Account. To find your IBAN, go to "Receive" → "By bank details", and select EUR.

You mean this? https://www.epayments.com/

[Samarkand]

...
Are you sure the card has a low limit?

According to the official Mistertango pricelist their Mastercard has the following limits
for private individuals:
1. Maximum monthly transactions limit: 15000 €
2. Maximum annual transactions limit: 20000 €
3. Maximum card payment limit per day: 3000 €
4. Maximum per ATM transaction: 1000 €
5. Daily ATM withdrawal limit: 1000 €
6. Minimum ATM withdrawal limit: 10 €

If you intend to make transactions for more than 20000 € in a year,
the limits are too low for you. Otherwise, the limits
should be sufficient. I´m not sure whether you can raise the limits
by being a long-term customer or by providing additional documents.

[jelin1984]

Revolut is

Lithuania or London

I am confused

[tsvetomir69]

...
Are you sure the card has a low limit?

According to the official Mistertango pricelist their Mastercard has the following limits
for private individuals:
1. Maximum monthly transactions limit: 15000 €
2. Maximum annual transactions limit: 20000 €
3. Maximum card payment limit per day: 3000 €
4. Maximum per ATM transaction: 1000 €
5. Daily ATM withdrawal limit: 1000 €
6. Minimum ATM withdrawal limit: 10 €

If you intend to make transactions for more than 20000 € in a year,
the limits are too low for you. Otherwise, the limits
should be sufficient. I´m not sure whether you can raise the limits
by being a long-term customer or by providing additional documents.

Indeed 20000 euros/year is quite low.

Salary/wage is 250 euro per month! in my country, 20k euros is perfect for me, if you want more get a real job and open an account with a real bank.

[LTU_btc]

Revolut is

Lithuania or London

I am confused

They are from London UK, but if I'm not mistaken they have office in Lithuania and they are trying to aquire full banking license here.

[LeGaulois]

I come across this service that I didn't know until now, TrustPay.eu Did someone hear about this company old from 2009? It's located in Slovakia and is EU licensed and regulated
We get a dedicated IBAN EUR denominated SEPA accounts (with different currencies from what I understand) and a prepaid cards as well corporate account

[warningsigns]

I come across this service that I didn't know until now, TrustPay.eu Did someone hear about this company old from 2009? It's located in Slovakia and is EU licensed and regulated
We get a dedicated IBAN EUR denominated SEPA accounts (with different currencies from what I understand) and a prepaid cards as well corporate account

I think they are acquirers or a company offering card acquiring services for private and commercial merchants who want to be paid by credit card. They offer eCommerce solutions so basically they are a payment processor with acquiring services in those 43 EEA countries listed on their site.

They have a BIC code so they are probably a licensed bank or financial services provider in Slovakia. Their FAQs say you can't deposit cash which would mean they offer direct banking services of the branchless type.

I'm sure they have limits and restrictions too. So many "no you can't do this or that" answers on their FAQs.

Edit.. yes, I just found what I was looking for all along:

What is a TrustPay Prepaid MasterCard card?
TrustPay Prepaid MasterCard card is a commercial prepaid card, i.e. it can only be used by TrustPay´s corporate clients. The card is denominated in EUR.

which means individuals can't apply. They are only available if you have a corporate account with them and I'm sure they have a long list of requirements for those, being in an EU country.

[LeGaulois]

Ok, thanks. I did not understand correctly that the service was only for merchants. I think I will now turn to use decentralized exchanges now as an intermediary and then will use a neo bank. I am done searching for a service working with cryptos. Bitwala may be a solution but still needs months to be operational. :/

[drmarcobelli]

I have created an account on LeuPay and verified it.
Just got my card few days ago. Till now everything works great. Let's see how the like transfers from exchanges.