@Damo **********

@Max ************

not arguing nor throwing a spanner in the works. I literally preceded my words with 'i think' followed by what i thought. It was a genuine question actually hoping for some feedback. I guess that is not allowed anymore. I also thanked Pete for the clarification but i thought his statement was unnecessary that's all. And people wonder why facebook groups get a bad rep.

@Pete ******

well, thanks for clearing that up, but the 'it doesn't matter what you think' felt personal 😂

@John *********

if wise is not a bank then why do I have a personal Belgian IBAN with wise. Same with revolut soon. I think any financial institution that offers national IBAN accounts falls under the regulation of the central bank of that nation and its rules and is technically a bank.

@Peter *******

DTV has no such requirement

It's likely to comply with AML (anti money laundering regulation), so it doesn't really matter until someone starts digging into your transactions for some reason.

@Bent ************

@Ian ********

Why is it nonsense? Why is it a stupid comment? Let's hear some actual arguments. I am an open minded person..

My first question would be why are you having children in another country when you don't have the financial means to stay there? Seems fairly irresponsible :/

@Brandon ***********

the reason i assumed it's best to have your own account is because of the foreign exchange transaction form from the receiving bank that you apparently need to prove stuff later down the line (when selling for example i think?). It just seems that when it's your own account that's one less variable out of your control?

Remember that any bank can one-sidedly terminate your bank account at any time for any reason they see fit. Many people don't understand this. Some countries only have a rule that they cannot cancel your account if it's your last/only one, but good luck fighting that out with them. The accounts are probably getting canceled due to AML (anti money laundering) regulations and the fines that the banks risk for not complying with those rules. Unfortunately, often banks are way too scared of this and will close accounts for no good reason.

@Pete ******

thanks for clarifying