I've read stories of offshore EMI accounts being shut down without warning. Is this common? What should I look out for to prevent this from happening to me?
It can happen, especially with newer or poorly regulated EMIs. I had one account frozen due to a flagged transaction, and it took weeks to resolve. The key is picking an EMI with strong compliance and user reviews. I now only use ones recommended on Offshore Banking—people there share which providers are solid and which to avoid. Also, don’t let large unexplained transfers go through your account without documentation ready.
Thank you all for the recommendations, we will definitely look at the proposals at our leisure.
It can happen, especially with newer or poorly regulated EMIs. I had one account frozen due to a flagged transaction, and it took weeks to resolve. The key is picking an EMI with strong compliance and user reviews. I now only use ones recommended on Offshore Banking—people there share which providers are solid and which to avoid. Also, don’t let large unexplained transfers go through your account without documentation ready.