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

[countryfree]

I found this information: https://thebanks.eu/articles/countries-which-will-not-automatically-exchange-account-information

This list badly needs an update...
This is the biggest problem: tax regulations are changing all the time. Most often for the worse, so you have to change too.

[Vanquish_PT]

bunq locked my account again.

Code:

Hi Vanquish_PT,

We regularly review our users activity as required by law. We detected an unusual pattern in the transactions of your personal account(s). 
We opened an internal investigation and have concluded to temporarily freeze your accounts as a precaution. 

Your assets in these accounts will be frozen until the end of this investigation. 
We aim to be fast possible and will keep you informed if our investigation goes beyond 5 working days. 

Thank you for understanding,

- the bunq compliance team

After they unlocked it I loaded about €1500 from other of my own accounts, received €300 from other person and made 10 payments.

This is all localbitcoins activity but I don't think they have a way to tell and after all they were supposed to be crypto-friendly. Before I started using this account I specifically asked if this would be ok or if I need a company account and they said this:

Code:

Alright, so a business account is really only necessary if you want to start trading bitcoins as a business/as your work. 

If you just do some bitcoin trading for yourself, this is not necessary

It seems 10 outgoing transfers in one week can't be considered as personal use.

In fact outgoing transfers are definitely a problem for them.

When they blocked me for the first time they asked this:

Code:

and we see lots of outgoing payments to different IBANs all over Europe. Could you tell us some more about that?

So you can't do payments with a bank account?

I wonder what these people consider a normal behaviour for a bank user.

Or maybe I'm so burned in the banking sector that I'll never be able to have a normal bank account again.

bunq locked for good now   

"We regularly review our users activity and during our last check, we identified that the use you make of your bunq account is not what we normally expect and is therefore not in line with our risk profile for user.

For this reason and in line with our Terms and Conditions, article 36, we have to close your bunq account.

Please can you provide an IBAN where we can send you the funds in your accounts?"

I hope this is clearer now and we would need from you a refund IBAN so that we can transfer the remaining funds right away.

Let us know as to proceed. 👍

Crypto friendly my ass!

The only surviving accounts are the ones I never used for localbitcoins trading.

Very disappointing... 

 

[LeGaulois]

Notice the 👍 they added in the message?  Sorry but it's funny, locking account and message the customer with 👍
I think generally speaking most of the neobank are not so friendly when you have transactions related with anything from cryptos.
By the way, did you tried N26?

[Vanquish_PT]

Notice the 👍 they added in the message?  Sorry but it's funny, locking account and message the customer with 👍
I think generally speaking most of the neobank are not so friendly when you have transactions related with anything from cryptos.
By the way, did you tried N26?

Yes, they are very funny 

They have all this positive vibe, "Look at us, we're not a regular bank! We don't wear suits and we embrace crypto, bla bla bla..."

Fuck you! You're exactly like any other bank you phony fucks!

By the way, did you tried N26?

Yes, they blocked me when I tried to transfer from Kraken.

And I wasn't the only one.

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
 

Apparently N26 is shutting me down because I requested a transfer from kraken.

My conclusion is that you can't use any of these banks to do any kind of trade.

In fact I can't understand what you can use these accounts for since some of them blocked me for sending like 10 outgoing transfers. But I suspect I'm burned and all banks are now sharing information.

I have come to the conclusion that the only way way to go is to open offshore bank accounts to continue my activity.

[freespirit]

Bunq people are pretty reasonable. They want to see some "normal" usage of your account. (payments with their debit card, direct debits, SEPA payments with clear description of purpose etc) If you still have access to the app, try talking to their support and ask them to give you another chance, if that's what you are willing to do - i.e. perform more of activities with your account in the future that they want to see.

[LeGaulois]

Notice the 👍 they added in the message?  Sorry but it's funny, locking account and message the customer with 👍
I think generally speaking most of the neobank are not so friendly when you have transactions related with anything from cryptos.
By the way, did you tried N26?

Yes, they are very funny 

They have all this positive vibe, "Look at us, we're not a regular bank! We don't wear suits and we embrace crypto, bla bla bla..."

Fuck you! You're exactly like any other bank you phony fucks!

By the way, did you tried N26?

Yes, they blocked me when I tried to transfer from Kraken.

And I wasn't the only one.

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
 

Apparently N26 is shutting me down because I requested a transfer from kraken.

My conclusion is that you can't use any of these banks to do any kind of trade.

In fact I can't understand what you can use these accounts for since some of them blocked me for sending like 10 outgoing transfers. But I suspect I'm burned and all banks are now sharing information.

I have come to the conclusion that the only way way to go is to open offshore bank accounts to continue my activity.

I see... Look like N26 has a double standard. Because not long ago I was telling to someone that N26 is dead to use for transactions related to cryptos. And one guy told me he is doing fine, using it regularly with exchange platforms, etc...
 Noy worth the risk to me, I will stick to the old school or maybe give a try to ViaBuy, Despite some complaints on TrustPilot it seems to work correctly, it's just that people don't read the fees page

[hgerson]

Bunq people are pretty reasonable. They want to see some "normal" usage of your account. (payments with their debit card, direct debits, SEPA payments with clear description of purpose etc) If you still have access to the app, try talking to their support and ask them to give you another chance, if that's what you are willing to do - i.e. perform more of activities with your account in the future that they want to see.

LOL

It's us providing a service to the bank, or the bank providing a service to its customers?

I don't want the bank to like me and my activities to let me be their customer.

What is this? The kindergarten? Please be my friend or I'll cry. 

[hgerson]

I see... Look like N26 has a double standard. Because not long ago I was telling to someone that N26 is dead to use for transactions related to cryptos. And one guy told me he is doing fine, using it regularly with exchange platforms, etc...
 Noy worth the risk to me, I will stick to the old school or maybe give a try to ViaBuy, Despite some complaints on TrustPilot it seems to work correctly, it's just that people don't read the fees page

They have double or triple standards or whatever.

When they blocked me I contacted them on chat and they told me they allowed transfers from exchanges but he couldn't tell me why my account had been locked.

They don't know what they're doing.

[LeGaulois]

LOL, it remembers me Transferwise. After reading a post from HostFat on this topic saying he tried with a Bitcoin exchange, I went to their website to check the FAQ. It was clearly saying they don't allow transfers related to Bitcoin. So I asked in their chat to be sure, thinking their FAQ is outdated. The lady confirmed it's possible when I pointed her to the FAQ, she told she will ask tomorrow to her superior to be sure. The next day she finally told me we can't.

[DevilOper]

Look like N26 has a double standard.

I told they are nazis. They segregate people based on their nationality, not residency, despite of the statement on their site.
(I am far from telling every German is nazi but they definitely are.)

[SnowAugustine]

Notice the 👍 they added in the message?  Sorry but it's funny, locking account and message the customer with 👍
I think generally speaking most of the neobank are not so friendly when you have transactions related with anything from cryptos.
By the way, did you tried N26?

Yes, they are very funny 

They have all this positive vibe, "Look at us, we're not a regular bank! We don't wear suits and we embrace crypto, bla bla bla..."

Fuck you! You're exactly like any other bank you phony fucks!

By the way, did you tried N26?

Yes, they blocked me when I tried to transfer from Kraken.

And I wasn't the only one.

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
 

Apparently N26 is shutting me down because I requested a transfer from kraken.

My conclusion is that you can't use any of these banks to do any kind of trade.

In fact I can't understand what you can use these accounts for since some of them blocked me for sending like 10 outgoing transfers. But I suspect I'm burned and all banks are now sharing information.

I have come to the conclusion that the only way way to go is to open offshore bank accounts to continue my activity.

Thanks for the update. I was about to go and try to open up accounts with whoever would let me but it seems like they're not that reliable. And besides, the EU has tax agreements with nearly every country so they'd be reporting your transfers right back home anyway, so it kind of defeats the purpose (other than free SEPA transfers, but then you'd have to pay to get it out of the EU anyway if you don't live around there)

Can you share some info on offshore accounts? What is involved in opening one of those? Thanks

[sampam]

Does fidor.de Germany open accounts for overseas addresses? Or is it only available for German addresses?

On first glance, it appears to be for Germans only. But, on further inspection appears as though they accept phone numbers from anywhere and they have the videoident system? That might mean anyone can apply? But then do they need a German Address or would overseas addresses suffice and would they then ask proof of this address eg utility bill?

[LeGaulois]

I suppose that the registration is reserved for German citizens because the site is in German only. If this were the case, the site would be available in several languages. I know that for the English subsidiary (fidorbank.uk) they only accept the citizens from the United Kingdom, so another reason to think that they only accept Germans.

[sampam]

I suppose that the registration is reserved for German citizens because the site is in German only. If this were the case, the site would be available in several languages. I know that for the English subsidiary (fidorbank.uk) they only accept the citizens from the United Kingdom, so another reason to think that they only accept Germans.

If that is the case, and it appears from their forums that it might be too, then what options work or are available?

Bittrex has recently also come on board with fiat withdrawals but I can't find what their minimum is? Bitfinex is $10,000.....Usually the number required or already above it for the transaction to get flagged and more paperwork/answers needed by your bank...

[LeGaulois]

I suppose that the registration is reserved for German citizens because the site is in German only. If this were the case, the site would be available in several languages. I know that for the English subsidiary (fidorbank.uk) they only accept the citizens from the United Kingdom, so another reason to think that they only accept Germans.

If that is the case, and it appears from their forums that it might be too, then what options work or are available?

Bittrex has recently also come on board with fiat withdrawals but I can't find what their minimum is? Bitfinex is $10,000.....Usually the number required or already above it for the transaction to get flagged and more paperwork/answers needed by your bank...

Since I don't know what you are looking I can't say what options work or not. Are you sure Bitfinex is $10,000? Because using a "," in English mean ten thousand.
I am using Kraken to withdraw fiat to bank it works perfectly if I make a request before 11.00 am I get it the same day at 7.00pm.
With Bittrex you need to first submit a ticket and ask request your account to be added to the USD markets, then you need to get your bank account approved. So maybe you will see the minimum once your account is eligible?

[sampam]

I suppose that the registration is reserved for German citizens because the site is in German only. If this were the case, the site would be available in several languages. I know that for the English subsidiary (fidorbank.uk) they only accept the citizens from the United Kingdom, so another reason to think that they only accept Germans.

If that is the case, and it appears from their forums that it might be too, then what options work or are available?

Bittrex has recently also come on board with fiat withdrawals but I can't find what their minimum is? Bitfinex is $10,000.....Usually the number required or already above it for the transaction to get flagged and more paperwork/answers needed by your bank...

Since I don't know what you are looking I can't say what options work or not. Are you sure Bitfinex is $10,000? Because using a "," in English mean ten thousand.
I am using Kraken to withdraw fiat to bank it works perfectly if I make a request before 11.00 am I get it the same day at 7.00pm.
With Bittrex you need to first submit a ticket and ask request your account to be added to the USD markets, then you need to get your bank account approved. So maybe you will see the minimum once your account is eligible?

I am looking for EU options that almost anyone can open that will work with Kraken. As you would know, Kraken USD withdrawal has been down for months now and they still working on it. Meantime, their EU withdrawal is active and fine. So would be nice if can find an EU option that works for Kraken EU withdrawals/deposits that I could open as non-eu resident. Eg was looking at N26 since it does not require an ID card for DE/EU anyone can open so long as they have mailing address in EU and provide passport ID.

Yeah Bitfinex is $10,000USD ie 10k. Checked yesterday and was surprising. Bittrex I do not know but had been 'selected' to apply for it but can't find what the minimum limit is and they are asking piles of questions lol.

[Relictus]

I suppose that the registration is reserved for German citizens because the site is in German only. If this were the case, the site would be available in several languages. I know that for the English subsidiary (fidorbank.uk) they only accept the citizens from the United Kingdom, so another reason to think that they only accept Germans.

If that is the case, and it appears from their forums that it might be too, then what options work or are available?

Bittrex has recently also come on board with fiat withdrawals but I can't find what their minimum is? Bitfinex is $10,000.....Usually the number required or already above it for the transaction to get flagged and more paperwork/answers needed by your bank...

Since I don't know what you are looking I can't say what options work or not. Are you sure Bitfinex is $10,000? Because using a "," in English mean ten thousand.
I am using Kraken to withdraw fiat to bank it works perfectly if I make a request before 11.00 am I get it the same day at 7.00pm.
With Bittrex you need to first submit a ticket and ask request your account to be added to the USD markets, then you need to get your bank account approved. So maybe you will see the minimum once your account is eligible?

I am looking for EU options that almost anyone can open that will work with Kraken. As you would know, Kraken USD withdrawal has been down for months now and they still working on it. Meantime, their EU withdrawal is active and fine. So would be nice if can find an EU option that works for Kraken EU withdrawals/deposits that I could open as non-eu resident. Eg was looking at N26 since it does not require an ID card for DE/EU anyone can open so long as they have mailing address in EU and provide passport ID.

Yeah Bitfinex is $10,000USD ie 10k. Checked yesterday and was surprising. Bittrex I do not know but had been 'selected' to apply for it but can't find what the minimum limit is and they are asking piles of questions lol.

Moneypolo should work for you. They do have an overreaching aml/kyc demands, though.

[sampam]

I suppose that the registration is reserved for German citizens because the site is in German only. If this were the case, the site would be available in several languages. I know that for the English subsidiary (fidorbank.uk) they only accept the citizens from the United Kingdom, so another reason to think that they only accept Germans.

If that is the case, and it appears from their forums that it might be too, then what options work or are available?

Bittrex has recently also come on board with fiat withdrawals but I can't find what their minimum is? Bitfinex is $10,000.....Usually the number required or already above it for the transaction to get flagged and more paperwork/answers needed by your bank...

Since I don't know what you are looking I can't say what options work or not. Are you sure Bitfinex is $10,000? Because using a "," in English mean ten thousand.
I am using Kraken to withdraw fiat to bank it works perfectly if I make a request before 11.00 am I get it the same day at 7.00pm.
With Bittrex you need to first submit a ticket and ask request your account to be added to the USD markets, then you need to get your bank account approved. So maybe you will see the minimum once your account is eligible?

I am looking for EU options that almost anyone can open that will work with Kraken. As you would know, Kraken USD withdrawal has been down for months now and they still working on it. Meantime, their EU withdrawal is active and fine. So would be nice if can find an EU option that works for Kraken EU withdrawals/deposits that I could open as non-eu resident. Eg was looking at N26 since it does not require an ID card for DE/EU anyone can open so long as they have mailing address in EU and provide passport ID.

Yeah Bitfinex is $10,000USD ie 10k. Checked yesterday and was surprising. Bittrex I do not know but had been 'selected' to apply for it but can't find what the minimum limit is and they are asking piles of questions lol.

Moneypolo should work for you. They do have an overreaching aml/kyc demands, though.

They don't inspire confidence.....Their google reviews, the 100k scam on here and their poor looking website...

[sampam]

Any options?

For a bit Bunq looked good but apparently you need to be a EU tax resident and they'll want proof of this, which I am not, to apply. N26 looked good and can open with a mailing address but apparently not crypto friendly anymore/wont work with kraken. Monese now apparently closes accounts. MisterTango still ok?

Ideally, would prefer licensed banks and then followed by the most reputable EMI's around that work with Kraken.

I can get an EU mailing address (no EU proof and no EU tax residency).


I will not be doing localbitcoins or tons of small trades. It will be a few here and there and no single transaction over 10k.

[LTU_btc]

Any options?

For a bit Bunq looked good but apparently you need to be a EU tax resident and they'll want proof of this, which I am not, to apply. N26 looked good and can open with a mailing address but apparently not crypto friendly anymore/wont work with kraken. Monese now apparently closes accounts. MisterTango still ok?

Ideally, would prefer licensed banks and then followed by the most reputable EMI's around that work with Kraken.

I can get an EU mailing address (no EU proof and no EU tax residency).


I will not be doing localbitcoins or tons of small trades. It will be a few here and there and no single transaction over 10k.

Mistertango is still crypto friendly bank, you can try them. It's licensed electronical money institution, their license was issued by Central Bank of Lithuania.
EU based customers can get free MasterCard from this bank. But there are few disadvantages - if you want to enable crypto deposits/withdrawals you need to use paid membership which costs €4 or €5, can't remember exactly. And also there is 0.0025 BTC deposit/withdraw fee. If you have more questions feel free to ask.