Post
Topic
Board Service Discussion
Re: [LIST] Free EU bank accounts that you can be opened directly online
by
LeGaulois
on 11/02/2018, 18:44:42 UTC
Is there a risk that these service providers will follow CRS and report account balances back to our tax agencies? I am looking for a EUR card that I can use for normal living expenses. I would prefer not to be charged with tax evasion  Grin
No, because legally they are not considered as a bank but rather as a payment system (similar to Paypal)

Yep, they aren't considered as a bank so the companies don't report anything to the tax agencies, however, if an institution from the government (such as police, tax agency, justice court, and similar) ask to the companies to provide a report needed for their investigations, they will give everything without a question