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AMP Futures ban TransferWise Deposits


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AMP Futures ban TransferWise Deposits

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  #1 (permalink)
trawer29
Barcelona
 
 
Posts: 3 since Feb 2021
Thanks: 0 given, 0 received

"As of February 12, 2021, We no longer will be accepting or processing any deposits or withdrawals via any Money Transferring Services.

Here is an example list of types Money services that we will NOT accept:
Transferwise
Revolut
XE Money Transfers
Currency Fair
OFX
N26
And any other non-listed Money Transfer Services.
Reason: The amount of time and effort to receive the required verification documents to process the deposits or withdrawals is not worth it. Too much time and focus being spent on these payment types.

We will continue to accept and processes the following:
Deposits: Wire, ACH, Checks (US banks only) and Transfers from another Brokerage.

Withdrawals: Wire, ACH and Transfers to another Brokerage."


How can we fund or deposit as a non-us resident who wants to avoid the traditional bank high fees?

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  #2 (permalink)
weissnich
Cologne, Germany
 
 
Posts: 1 since Mar 2021
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Hi,

I have opened an account with AMP futures too and now want to fund it.
As it says on their website a sepa transfer in EUR is possible to:

Beneficiary Bank: Barclays Bank PLC – United Kingdom
Beneficiary Bank SWIFT Code: BARCGB22
Beneficiary Account Name: AMP Global Clearing
Beneficiary IBAN Account Number: GB59BARC20000069289022
Remittance/Memo: YOUR AMP TRADING ACCOUNT NUMBER

My bank converts EUR automatically into the currency of the target country, that may be a problem with a UK based account.
Has anyone from EU here opened and funded an account with AMP and can explain how to handle this?

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  #3 (permalink)
Mozart2112
Minoqua Wi USA
 
 
Posts: 85 since Sep 2019
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weissnich View Post
Hi,

I have opened an account with AMP futures too and now want to fund it.
As it says on their website a sepa transfer in EUR is possible to:

Beneficiary Bank: Barclays Bank PLC – United Kingdom
Beneficiary Bank SWIFT Code: BARCGB22
Beneficiary Account Name: AMP Global Clearing
Beneficiary IBAN Account Number: GB59BARC20000069289022
Remittance/Memo: YOUR AMP TRADING ACCOUNT NUMBER

My bank converts EUR automatically into the currency of the target country, that may be a problem with a UK based account.
Has anyone from EU here opened and funded an account with AMP and can explain how to handle this?

This is the AMP EUR Bank account so it will be EUR to EUR, should not convert.

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  #4 (permalink)
 Big Mike 
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weissnich View Post
Hi,

I have opened an account with AMP futures too and now want to fund it.
As it says on their website a sepa transfer in EUR is possible to:

Beneficiary Bank: Barclays Bank PLC – United Kingdom
Beneficiary Bank SWIFT Code: BARCGB22
Beneficiary Account Name: AMP Global Clearing
Beneficiary IBAN Account Number: GB59BARC20000069289022
Remittance/Memo: YOUR AMP TRADING ACCOUNT NUMBER

My bank converts EUR automatically into the currency of the target country, that may be a problem with a UK based account.
Has anyone from EU here opened and funded an account with AMP and can explain how to handle this?

This is not related to this topic (TransferWise deposits).

Use the main AMP thread for other questions:



Or create a new thread about your specific problem.

Mike

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