stevan232
Junior Member
- Oct 13, 2020
- 124
- 62
Hello, guys I just want to share my experience so you don't get "burned" the way I did.
I do e-commerce and almost all of the banks I'm using are online banks for tax reasons.
And I can say that every online bank is complete trash. They can hold your money for no reason and completely shut down your account for no reason.
Last year Wise held almost 50k$ in my account for "standard review" for almost 2 months.
That's enough to ruin your whole business.
This year Payoneer randomly decided to ban me without any notice or anything. Also had quite a bit of money in there and it's a pain in the ass to get it out.
Once you make an account with Payoneer you agree to their terms of service which allow them to close your account whenever they want.
So if you can avoid these shit banks at all costs.
If someone knows any more reliable ones please share.
I do e-commerce and almost all of the banks I'm using are online banks for tax reasons.
And I can say that every online bank is complete trash. They can hold your money for no reason and completely shut down your account for no reason.
Last year Wise held almost 50k$ in my account for "standard review" for almost 2 months.
That's enough to ruin your whole business.
This year Payoneer randomly decided to ban me without any notice or anything. Also had quite a bit of money in there and it's a pain in the ass to get it out.
Once you make an account with Payoneer you agree to their terms of service which allow them to close your account whenever they want.
So if you can avoid these shit banks at all costs.
If someone knows any more reliable ones please share.
