Payments from and to high-risk countries
Due to various sanctions, our clearing bank, LHV Bank AS, has imposed several restrictions regarding payments to or from high-risk countries, including a 100 EUR per payment processing fee. Also, certain countries have been placed on their blacklist, meaning no payment to and from these countries can be made at all.
Therefore since May 1, 2023, Crowdestate can not receive deposits from and execute payments to several high-risk countries named in various lists of the European Union, the European Commission, Eurostat, FATF and the Estonian Financial Intelligence Unit.
When you are opening an investment account with Crowdestate, you would need to provide us with your bank or payment account opened in a bank or payment institution operating in a low-risk, unrestricted jurisdiction. If your current country has been classified as a high-risk country, and your bank account is opened in a local bank operating in this high-risk, restricted country, you will not be able to use that bank account number to open an investment account with Crowdestate. We recommend that you open a bank or payment account in a bank or payment institution operation in a low-risk country first and then use that bank or payment account to open an investment account with Crowdestate. There are a number of neobanks and payment institutions (e.g. Revolut, Wise, N26, Monzo, Monese or Paysera, and several our international investors have chosen to use a bank or payment account opened with them.
When you already have an investment account with us and have provided us with a bank account opened in a bank operating in a restricted country, your investment account has been automatically suspended by us. To reactivate your investment account, please log in, review your investment account details and replace your currently provided bank account with the one opened in a non-restricted country. If you cannot do that, please contact our Investor Support at firstname.lastname@example.org for further assistance.
Please see the list of restricted countries in our FAQ.
Crowdestate can not receive deposits from and execute payments to the following high-risk countries:
- American Samoa
- The Bahamas
- Bosnia and Herzegovina
- British Virgin Islands
- Burkina Faso
- Cayman Islands
- Central African Republic
- Democratic Republic of the Congo
- Costa Rica
- Marshall Islands
- North Korea
- South Africa
- South Sudan
- Trinidad and Tobago
- Turks and Caicos Islands
- United Arab Emirates
This list is subject to change without notice.
Please see “Payments from and to high-risk countries” for further information.