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

[warningsigns]

My personal experience with N26 is quite negative.

Despite of number of negative feedbacks decided to give them a chancem since I wanted to open a business acoount for legal european Ltd, not for any crypto stuff. Verdict: quite unprofessional and moreover, since they do not folow their promises/advertisments on their own site - should probably be considered as scam.

So then my question: could anyone suggest another bank for free business account within EU (SEPA) that could be opened purely online?

I suggest you try opening a Mistertango business account. You first need to download their app and when KYC-verified, you can either have a personal or a business account. For a business account you might need to submit some documents about the business's incorporation and the usual KYC requirements for corporate customers. I have a personal account so I can't really tell you much about their business account opening procedures.

Apply for the account and give us an update here. Hopefully it will be a more positive process compared to your N26 experience.

https://mistertango.com/en/

[Finell]

I believe (even if you live outside the EU) the best way is:

• use lets say mistertango for withdrawals from bitcoin (could be done via their cryptoexchange, 1% fee direct from BTC to EUR conversion)
• use direct SEPA transfer to Transferwise or Revolut or Monese or whatever suits you
• withdraw money via Revolut/Transferwise/etc issued debit card wherever you want
• profit

For lets say Transferwise your SEPA transfer between your own IBAN accounts (mistertango to tansferwise) will look legit and not causing red flags.

Of course its also a question of your transfer volumes.

If you'll try to process 50k euro via mistertango, the'll ask you about source of the money anyway. They have to, since its a financial institution.

[cyvene]

My Leupay.eu account has just been banned a few days ago. My volume is about under 40K EUR for the past few months but all of the outgoing transaction destined to Bitstamp. Despite not mentioning it in the terms, I can say definitely that they're not bitcoin friendly. Luckily, I already transferred out when the hammer came so there's only about 2 EUR left on that account. The request for higher limit may have something to do with the ban and the support has not been answering since the ban came. Going to try Mistertango next.

Thats too sad mate.
Closing your account without providing any explanation beforehand is really worrying.
Also, were you given the option to withdraw or they just confiscate the funds?
Please clarify, did they you asked to provide more documents to increase the limits and you didn't comply?

There were only 2 EUR left in the account as luckily I've just recently transferred to Bitstamp a few days before the closure. They asked for explanation of the funds and supporting documents, I provided transfer receipt from the bank and stated that it is for investment on Bitstamp. They sent the thread where they communicate with Satabank (their account provider) a few days after the closure  and a staff from there said

"Since the client confirmed that he is trading cryptocurrency, we need to terminate the account. Kindly request disposal instructions.
 
Thanks.
Kind regards,


Satabank p.l.c.
Aragon Business Centre.
Dragonara Road St Julians; STJ 3140; Malta.
Swift Code: STBAMTMT"

[adityaraje1990]

Hey, I have a personal account with Mistertango and have recently applied for a business account aswell. I have a crypto startup for BTC buying, how long before the business account gets activated?

It's been about 3-4 days since my submission
Please help

[DevilOper]

I suggest you try opening a Mistertango business account.

Thanks! Do they really have business accounts? I did not find anything about that on their website.

[warningsigns]

I suggest you try opening a Mistertango business account.

Thanks! Do they really have business accounts? I did not find anything about that on their website.

I have a personal account but there is an option on the settings page for opening a business account. You can open it on their app:

[DevilOper]

I suggest you try opening a Mistertango business account.

Thanks! Do they really have business accounts? I did not find anything about that on their website.

I have a personal account but there is an option on the settings page for opening a business account. You can open it on their app:

Thanks, I will try.

[Kanati]

My Leupay.eu account has just been banned a few days ago. My volume is about under 40K EUR for the past few months but all of the outgoing transaction destined to Bitstamp. Despite not mentioning it in the terms, I can say definitely that they're not bitcoin friendly. Luckily, I already transferred out when the hammer came so there's only about 2 EUR left on that account. The request for higher limit may have something to do with the ban and the support has not been answering since the ban came. Going to try Mistertango next.

Thats too sad mate.
Closing your account without providing any explanation beforehand is really worrying.
Also, were you given the option to withdraw or they just confiscate the funds?
Please clarify, did they you asked to provide more documents to increase the limits and you didn't comply?

There were only 2 EUR left in the account as luckily I've just recently transferred to Bitstamp a few days before the closure. They asked for explanation of the funds and supporting documents, I provided transfer receipt from the bank and stated that it is for investment on Bitstamp. They sent the thread where they communicate with Satabank (their account provider) a few days after the closure  and a staff from there said

"Since the client confirmed that he is trading cryptocurrency, we need to terminate the account. Kindly request disposal instructions.
 
Thanks.
Kind regards,


Satabank p.l.c.
Aragon Business Centre.
Dragonara Road St Julians; STJ 3140; Malta.
Swift Code: STBAMTMT"

Considering that Malta aspires to be a major crypto hub it's really strange that Leupay is throwing business away 

https://www.newsbtc.com/press-releases/malta-best-track-become-blockchain-hub/

[DevilOper]

I suggest you try opening a Mistertango business account.

Not able to pass identification  In fact, it does not even start: in capturing screen I place a doc requested within the frame - and nothing happens then. Farther, closer, lighter, darker - no effect.
Tried with two different phones (tough both are not quite recent, they have Android 4.4.4, otherwise the minimal requirements should be somehow precised).

[brasosveanu]

yuropay.com
paymix.eu
transferwise.com
yourprospero.com


all are scammm

i lose 4k with yuropay and transferwise

yuropay say that they make the transfer to my bank accout and they say the transfer was been made but after 2 weeks still nothing.
Now they do not answer my questions .

SCAMMMMMMMMM!

see:
https://www.trustpilot.com/review/www.yuropay.com

[LeGaulois]

Transferwise.com is not a scam, it's a reputed service working with bank(s). Located in different countries and backed by some serious VC, I don't see why they should start to scam people for some bucks. Usually, people complaining to tell the full story to readers. I am not going to buy your story unless you fully explain your case and as well post some evidences you got scammed.

[Roaid]

Oh,god!This is extremely useful for me. A credible and suitable bank is really hard to find. Thank you very much!

[andiz]

Hi guys,

It will be cool if somebody knows a service similar to Revolut which actually blocked my acc and informed me that crypto trading is agains their TOS.

I am looking for a service where you can instantly "top-up" your funds from your credit cards and have options of private IBAN/acc for most of the currencies.

Best regards,
Andiz

[coinvir]

My Leupay.eu account has just been banned a few days ago. My volume is about under 40K EUR for the past few months but all of the outgoing transaction destined to Bitstamp. Despite not mentioning it in the terms, I can say definitely that they're not bitcoin friendly. Luckily, I already transferred out when the hammer came so there's only about 2 EUR left on that account. The request for higher limit may have something to do with the ban and the support has not been answering since the ban came. Going to try Mistertango next.

Thats too sad mate.
Closing your account without providing any explanation beforehand is really worrying.
Also, were you given the option to withdraw or they just confiscate the funds?
Please clarify, did they you asked to provide more documents to increase the limits and you didn't comply?

There were only 2 EUR left in the account as luckily I've just recently transferred to Bitstamp a few days before the closure. They asked for explanation of the funds and supporting documents, I provided transfer receipt from the bank and stated that it is for investment on Bitstamp. They sent the thread where they communicate with Satabank (their account provider) a few days after the closure  and a staff from there said

"Since the client confirmed that he is trading cryptocurrency, we need to terminate the account. Kindly request disposal instructions.
 
Thanks.
Kind regards,


Satabank p.l.c.
Aragon Business Centre.
Dragonara Road St Julians; STJ 3140; Malta.
Swift Code: STBAMTMT"

Considering that Malta aspires to be a major crypto hub it's really strange that Leupay is throwing business away 

https://www.newsbtc.com/press-releases/malta-best-track-become-blockchain-hub/

https://blog.leupay.eu/cryptocurrency-to-bank-account/

its really confusing, thoughts???

[freespirit]

https://blog.leupay.eu/cryptocurrency-to-bank-account/

its really confusing, thoughts???

Indeed it is. That blog post of theirs is dated 29 March, 2018:

This is where LeuPay comes in. Unlike many traditional banks with an old-world view of finance, LeuPay is embracing the currencies of tomorrow by granting customers the option to freely transfer money to and from crypto currency trading platforms today.

Perhaps they've changed their outlook towards crypto recently?

[Vanquish_PT]

I think you can delete Revolut now, or at least put it on hold.

They are banning all accounts and their support is the shittiest ever.  

[f3tus]

I think you can delete Revolut now, or at least put it on hold.

They are banning all accounts 

Any proof for that claim?

[LeGaulois]

I think you can delete Revolut now, or at least put it on hold.

They are banning all accounts 

Any proof for that claim?

I have noticed some comments about this as well, since one or two weeks. I didn't pay attention as people didn't really explain what happened exactly. And often people avoid telling the embarrassing point for their matter

[Vanquish_PT]

I think you can delete Revolut now, or at least put it on hold.

They are banning all accounts 

Any proof for that claim?

Just look at their community: https://community.revolut.com/latest

Don't forget that they actively delete/censor all negative feedback there. All "blocked account", "where's my money", "x months waiting for a reply", etc... reports are systematically eliminated.

You've been warned. It's your choice now.

[DevilOper]

Allright, I checked out a good half of the list (probably most notorious) and now am just wondering who are all those bots been promoting all this bunch of scammers?    

- https://n26.com (Germany) - Full bank - It has the 100000 eur accounts bank account failure protection.

Probably yes, but does not open account with non-EU passport even if you have German residence, and with EU passport but non-German residense despite the eligible countries list and annoncements on their site.
Does not delete upon request your personal data collected during registration despite EU regulation and German law (Datenschutzgesetz) - so, you can consider how thorough they are in their business.

- https://revolut.com - (Lithuania)

Only UK (pounds) account, no EU/SEPA account, account not in your name - in fact, it is their account (benificiary name).

- https://www.paysera.com (Lithuania) - They don't like/allow to sent/receive from exchanges

In fact, it looks like they don't like/allow any client at all!
The site is slow as a snail. But worse, at identification page it simply does not work: stucks with message: "Please wait, loading... ". There is support chat on the page but the support is always "busy" - so, it's just a page decoration in fact. No reaction on email as well.

- https://www.monese.com - (United Kingdom)

Does not even send an initial SMS - so was not able even start with them. Very, very high professional!

- https://epayments.com (United Kingdom)

Does not require any verification/identification. Does not provide any card tough: after registering you see that "due to the technical problem card emitting is suspended" - despite baiting with free card on the site.

- https://mistertango.com (Lithuania) - Bitcoin friendly

May be they are bitcoin friendly but not user friendly. First seems their application does not work with Android 4.4 despite annonced on their site. Finally got it working with Android 6 - but standard phone camera quality pictures never satisfy them! What the point of doing that within the application only, if they expect not less than hi-res scanner quality?

- https://leupay.eu (Malta)

Some strange glitches in their application. First start: could not connect and stuck. Restart: requested goggle play update despite it updated yesterday to the latest version. Restart again: check network bandwith. Failed despite it was connected with WiFi and not cellular. Well, hi professional grade quality application...

- https://www.okpay.com (United Kingdom)
- https://moneypolo.com (United Kingdom)

Now they are the same. And far not free.