Hi,
I have a company in Bulgaria where I charge clients globally for freelancing work.
I am looking for an online bank (i.e. revolut, wise, etc) where my companies deposits are protected against potential bank failure. Does this exist?
I am struggling to find an online bank that offers this except for traditional banks.
Thank you
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Wise and Revolute is very different. Wise does not protect your money and hence should always only be used for small amounts. Revolute does:
Deposits held with Revolut Bank UAB are insured by the Lithuanian State Company “Deposit and Investment Insurance”.
https://www.revolut.com/en-DE/legal/deposit-insurance-information/