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Site like payoneer for virtual bank account for U.K ?

Posted on 2015-01-25
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Last Modified: 2016-07-18
Hi,

I am looking for Site like payoneer for virtual bank account for U.K ?

Payoneer offer virtual bank account for USA, I am looking for one that gives VBA for United Kingdom.
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Question by:fahadalam
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SunBow earned 2000 total points
ID: 40570292
You mentioned Entropay earlier. Is there a problem you found with it? Or was it ok and you just want others to compare with / review? From its link I see option to be in UK?

Entropay (http://www.entropay.com/) - Entropay is one of the best VCC providers that can help you to create your Virtual Credit Card free of cost. You can create your card by verifying your address and card information. Entropay charge small fee in each transaction. You can load fund from your bank account to your Entropay VCC.
_________________________________________________________________

This is more a UK discussion, while options available, they are more con then pro, primarily due to fees, dated (5 yr ago) but likely not too inconsistent. Fees may be near 6% total, or 3 each way. Two ideas left open (they were pursuing), Schwab (Bank of America) and Wells Fargo, each making some sense (I'd some separate dealings with both):

Getting paid in Dollars with a UK bank: don’t use PayPal
http://t-machine.org/index.php/2009/04/28/getting-paid-in-dollars-with-a-uk-bank-dont-use-paypal/ - April 28, 2009
Final conclusion

UK banks apparently don’t want their customers to do business with the USA. They go out of their way to make it punitively expensive (and excessively convoluted –

______________________________________________________________

This gets to open market trading account, US IRS, with options, including VISA debit:

It's easy to apply for a Schwab One International® account.
http://www.schwab.co.uk/public/schwab-uk-en/nn/open-an-account/open-an-account.html

Step 1 – Complete Account Application and W-8BEN

Download and complete the following forms:

    Schwab UK Account Application Form
    US IRS Form W-8BEN
    (Required for non-U.S. persons. For additional information, please consult your tax advisor.)

IMPORTANT: Sign and date all completed forms. Forms cannot be processed without both signature and date.

Depending on the products and services you would like to use in your account, you may need to submit one or more additional form(s).
______________________________________________________________

London Branch
https://www.wellsfargo.com/com/international/locations/global-financial-institutions#London
London
London Branch
One Plantation Place
30 Fenchurch Street
London EC3M 3BD, United Kingdom
Phone: 44-20-7149-8100
Fax :44-20-7149-8393
SWIFT BIC: PNBPGB2L
Reuters: WFLO (FX and MM)

We can help you manage your global business from offices in more than 35 countries outside the U.S.
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by:fahadalam
ID: 40570601
I have no problem using entropay, but I wasn't aware that entropay also offers virtual bank account along with their virtual credit card, will look into it further and update here.

Thanks for replies!
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