BNKA Blog

Borderless money

Clear guides on paperwork, money and security for people who moved from Latin America to Europe. Written by the team that runs the platform.

Borderless moneyAugust 28, 20265 min read

KYC checks who you are once. KYT watches what happens afterwards, operation by operation, which is why it sometimes stops one specific movement.

Borderless moneyAugust 28, 20265 min read

It is the process of checking you are who you say you are. It happens when you open the account, and again later when something changes or expires.

Borderless moneyAugust 28, 20265 min read

When a payment cannot be credited, it goes back to the source. It is not lost, but the return trip costs as much time as the trip out.

Borderless moneyAugust 28, 20265 min read

A CVU identifies an account at a digital wallet. It has twenty-two digits like a CBU, and that resemblance hides a difference that sometimes matters.

Borderless moneyAugust 28, 20265 min read

A screenshot saying sent is not a receipt. Which details make a document actually useful when something has to be traced or claimed.

Borderless moneyAugust 28, 20265 min read

In Peru the app shows one account number and forms ask for another. The CCI is the twenty-digit one, and it is the only one that works outside your…

Borderless moneyAugust 28, 20265 min read

The CBU is the key that lets any institution transfer money to you. What it contains, how it differs from a CVU, and why it never changes.

Borderless moneyAugust 28, 20265 min read

An alias is a readable name pointing to an account. You choose it, which makes it the only one of the three identifiers that can stop being true.

Borderless moneyAugust 28, 20265 min read

A clearing house does not process operations one at a time: it groups them and settles them in batches. That explains why things sometimes arrive…

Borderless moneyAugust 25, 20268 min read

Forms call it SWIFT or BIC and ask for the same field. That code identifies the institution, not your account, and the right one comes in writing…

Borderless moneyAugust 27, 20267 min read

You arrived two weeks ago, you have no NIE, and you need an IBAN to get paid. What works, what does not, and why most verification rejections are…

Borderless moneyAugust 27, 20267 min read

The same word, transfer, describes completely different processes. Understanding which rails your money travels on explains the timings, the costs…

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