Digital Nomads

14 readers

1 users here now

founded 10 months ago

MODERATORS

submitted 9 months ago by 1whatabeautifulday@alien.top to c/digitalnomad@expats.zone

1 comments fedilink hide all child comments

Hi,

I have a company in Bulgaria where I charge clients globally for freelancing work.

I am looking for an online bank (i.e. revolut, wise, etc) where my companies deposits are protected against potential bank failure. Does this exist?

I am struggling to find an online bank that offers this except for traditional banks.

Thank you

you are viewing a single comment's thread
view the rest of the comments

[–] playwright69@alien.top 1 points 9 months ago

Wise and Revolute is very different. Wise does not protect your money and hence should always only be used for small amounts. Revolute does:

Deposits held with Revolut Bank UAB are insured by the Lithuanian State Company "Deposit and Investment Insurance".