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It must be great to live in a country where you can change your company address without any paper trail whatsoever: no rental contract, no utilities, no entry in the business registry, no acknowledgement from the tax office and nothing you can provide as proof or anything.

I guess the downside is, well, this, specially having thought it is a good idea to rely on Wise as first and only option for business banking, with their reputation...


Wise sometimes also suck. In my opinion, I have different addresses

- my hometown(i can provide the electricity bill, Also the address on my ID card)

- my rental house(address on my residence card, also my actual address.)

- Express Station (Packages are only delivered here.)

- post office (receive letters or international delivery)

Ok, now Wise ask me for my address, I give my rental address, but the electricity bill is in the landlord's name. Scanned copy of handwritten rental agreements are not valid.

I give my hometown address. Now I need to offer my bank account details. Sucks. The card was on my rental address.

The same thing sucked out Wise's customer service.

When I have ended the anti-money laundering investigation and get my money back, several months passed. And now I lose access to the account. I cannot delete the account and then create a new one.

Sucks

It's not quite what it seems.

I'd picked up a contract in the UK and relocated to the client and created a company for the contract.

I then tried to get a business bank account with a normal bank, and failed.

Metro bank took forever and tons of info and then said no.

(I issued a GDPR data access to see if I could find out anything. After a while, they sent me the same letter twice, arriving on the same day, telling me they had performed the data deletion I had requested.)

HSBC seemed to lose the application - it disappeared. It had been challenging to make in the first place, the application process was confused and confusing (and that was in the bank with help). I didn't try again (and there wasn't really time to try again - the client was already having to hold off paying me, which is awkward for them).

I looked at some others, Lloyds and Barclays, and it's been a while so I can't remember why but they didn't pan out.

TransferWise was my final choice.

When the contract was done, I left the UK, so no opportunity to open further bank accounts in UK for the business.

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