Arbusers

gamblehappier wrote: Sorry guys for late update.I will say what happened but after a lot of think i will try to provide some solutions that might help you some of you.
If we face a problem,we should as a community provide some solutions.

We should also cooperate in order to become better and share our situation/knowledge.

It is sure that most experienced members have faced this situation.

First of all they ask me about trasnactions abroad which are related mainly to stocks.
Secondly about some big deposits as a pro bettor to sport betting sites.
And finally about crypto transactions(low amount).So they do not like both of these 3 types of investements.

Acutally they do not like big transactions and they said to me that i should heavily reduce the volume of transactions or else they will close my bank account.Also they told me that this is not their fault
and they got notice rules from Europe.

The funny point is that they said to me that this Europe notice will disappear/reduce and they will not close my account if i deposit more than 20k in my bank account,which of course should be available.
For those who ask the country is Greece.I do not think that any smart guy will want to have a lot of capital to the bank when there are so a lot of investements(sport betting,stocks,crypto etc..)
They said also to me that if i go to another bank the same will happen(if i move this amount of money).

In general the bank employee was too polite and i do not think that this situation is his fault(he should obay to rules).

Anyway,every obstacle will make us smarter.So i will try to post some solutions in order to help you to reduce the volume of banks and do not face this situation.

1)Use Paysafe,wallets,viva wallets and in general cards that you deposit easily without bank be the broker.
2)Create more local bank accounts.As time goes,more banks will appear which means more opportunites to reduce volume via banks.

3)Split your capital to all local bank accounts
4)Create global banks

5)Revolut,N25,Transferwise
6)Convert cash to bitcoin and spend your balance with bitcoin cards.In general convert some of your capital and spend some balance to bitcoin

7)Spend as much as you can of your winning to all cards that do not include banks(Neteller,Skrill,Ecopayz etc..).Withdraw also from the atms with these cards.
8)Increase tax to move more funds(there is the rule of 20/100 spending of your tax income,but i believe that if you spend-transfer much more(even 100/100) you may not have problem)

9)Learn-search in which countries you can easily open bank accounts(even with penny renting or not).I am sure that there are countries in which you can open bank accounts even without to rent.
10)Deposits to sportbooks or make transactions via physical sport betting shops.
11)Use Paypal,Transfewise,Moneygram or any other company if you want to send money without bank

12)Avoid card spending and pay in general with banks.Better option is cash in order to avoid bank attention.
13)Deposit some balance to your bank account(i know it is not good option,as interest rate is silly,worst investement) in order to move more funds.Not the best choice.

14)Cooperate with siblings-friends.
15)Use another name bank account

16) Go abroad-rent at cheap countries and bet at physical shops.In this way you increase too much your sport betting opportunities and you also deposit at physical shops,so you avoid banks.
17)Change your surname

Most of these ways except to help you from reduce the volume of transactions(deposits/withdrawals/transfers,which is the main point of the topic),will give you a lot of sport betting opportunities,especially if you travel abroad (not now due to covid).

This is my experience from call of bank.I hope to find the solutions useful and never happen to any of you.

bettor069 wrote: @gamblehappier thank for your update. Very nice solutions so thanks for sharing them with us. Still I can't believe that the bank told you that should reduce your volume of transactions or they will close your bank account  this can;t be seriously 

cortomaltese wrote:

gamblehappier wrote: Sorry guys for late update.I will say what happened but after a lot of think i will try to provide some solutions that might help you some of you.
If we face a problem,we should as a community provide some solutions.

We should also cooperate in order to become better and share our situation/knowledge.

It is sure that most experienced members have faced this situation.

First of all they ask me about trasnactions abroad which are related mainly to stocks.
Secondly about some big deposits as a pro bettor to sport betting sites.
And finally about crypto transactions(low amount).So they do not like both of these 3 types of investements.

Acutally they do not like big transactions and they said to me that i should heavily reduce the volume of transactions or else they will close my bank account.Also they told me that this is not their fault
and they got notice rules from Europe.

The funny point is that they said to me that this Europe notice will disappear/reduce and they will not close my account if i deposit more than 20k in my bank account,which of course should be available.
For those who ask the country is Greece.I do not think that any smart guy will want to have a lot of capital to the bank when there are so a lot of investements(sport betting,stocks,crypto etc..)
They said also to me that if i go to another bank the same will happen(if i move this amount of money).

In general the bank employee was too polite and i do not think that this situation is his fault(he should obay to rules).

Anyway,every obstacle will make us smarter.So i will try to post some solutions in order to help you to reduce the volume of banks and do not face this situation.

1)Use Paysafe,wallets,viva wallets and in general cards that you deposit easily without bank be the broker.
2)Create more local bank accounts.As time goes,more banks will appear which means more opportunites to reduce volume via banks.

3)Split your capital to all local bank accounts
4)Create global banks

5)Revolut,N25,Transferwise
6)Convert cash to bitcoin and spend your balance with bitcoin cards.In general convert some of your capital and spend some balance to bitcoin

7)Spend as much as you can of your winning to all cards that do not include banks(Neteller,Skrill,Ecopayz etc..).Withdraw also from the atms with these cards.
8)Increase tax to move more funds(there is the rule of 20/100 spending of your tax income,but i believe that if you spend-transfer much more(even 100/100) you may not have problem)

9)Learn-search in which countries you can easily open bank accounts(even with penny renting or not).I am sure that there are countries in which you can open bank accounts even without to rent.
10)Deposits to sportbooks or make transactions via physical sport betting shops.
11)Use Paypal,Transfewise,Moneygram or any other company if you want to send money without bank

12)Avoid card spending and pay in general with banks.Better option is cash in order to avoid bank attention.
13)Deposit some balance to your bank account(i know it is not good option,as interest rate is silly,worst investement) in order to move more funds.Not the best choice.

14)Cooperate with siblings-friends.
15)Use another name bank account

16) Go abroad-rent at cheap countries and bet at physical shops.In this way you increase too much your sport betting opportunities and you also deposit at physical shops,so you avoid banks.
17)Change your surname

Most of these ways except to help you from reduce the volume of transactions(deposits/withdrawals/transfers,which is the main point of the topic),will give you a lot of sport betting opportunities,especially if you travel abroad (not now due to covid).

This is my experience from call of bank.I hope to find the solutions useful and never happen to any of you.

Thanks for sharing your experience!
Taking this chance i must say that from 2017 i have deposited many times to Binance , kraken , coinbase from a Greek bank and never had any issue!
However amounts was small (around 1k ) , so maybe one solution could be to split your deposits into small ones
Also i never withdrawed anything back!
I guess if you withdraw similar amounts wouldn't be an issue!
Could you inform us , about the volume of your deposits/withdrawals to crypto exchanges ?  Which amount would trigger questions from banks ?

Also i read on thread about the lack of euro pegged stablecoins , that's not true!
There are many erc20 eurostables! EURS , EURX , sEUR (synthetic EURO) to name a few!

Wolfie wrote: @gamblehappier Very good solutions mentioned. I would add as a solution opening a real business which does not have bank problems at all. This way you will diversify.

gamblehappier wrote: You are welcome mate.

I am not sure if you can deposit with neteller card to Revolut.

Think this way.Deposit with paysafe cash to Neteller and then from Neteller to Revolut.But again i am not sure if  Revolut accept Neteller cards,i have not personally tested.

The way Paysasafe cash(go to a local store and give cash to the guy)>>Neteller>>Revolut>>Coinbase/Kraken.But again fees will be high.Also i think that Revolut will ban transfer to other exchanges in order to buy cryptos from their platform(what a shame).

As for transactions and banks i wonder what option is bettter

1) Profit of 30k withdraw from the local bank (example:deposit only 1000 to binance/krakern,withdraw 30k profit from binance/kraken to your local bank)

2)Volume of bank transactions of 100k(deposits/withdrawals) and same profit of 30k.

From these 2 scenarios which do you think will keep you under alert?

I think the first scenario is better,even with 30k clear profit, because100k bank transactions(even deposits) in one year will draw attention.Also in first scenario as you said,if you make small withdrawals and consume your profit via cards you will be unoticed.So my goal is to keep bank transactions as low as possible,try to avoid deposits via local bank and split capital to a lot of local banks.

Also i believe that transfer from local bank to abroad will draw much more attention than local bank >>to a bank of your country.This is also important.

And in general,I try to keep  transactions volumes under 1k.

Camma23 wrote: you guys are overrating revolut. They are clearly non gamling/crypto friendly. You'll get account blocked from them with not so big transactions amount. I read this in several thread over the web, they ask you first source of those funds and after that they block your account. Gamblers and crypto investors not welcome there