How does remittance work in banking?

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I tried opening a savings account to receive payments from abroad and they told me I need to present a Certificate of Employment. I’m not even employed. I just have clients from different countries. They said that if it was a family member, then I can open an account.

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Anonymous 0 Comments

a remittance is a transfer.

You are getting money from clients you have overseas………that’s income. The bank doesn’t want to be complicit in your tax fraud. That’s why they require you to provide them a certificate of employment.

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