Hello,
one of the old, pending items is the setup of a (Transfer)Wise account. We’ve yet to see if and how we can include that properly in accounting, and as such, if we can make actual use of it. However, in order to setup an account, I need to provide data of all board members to them, similar to PayPal, Stripe and the banks.
That usually includes name, date of birth, possibly also residence (PO boxes often will not work), nationality, sometimes also tax ID.
From what I remember correctly, years ago, setting up such an account failed because not everyone wanted to provide this data (which is somehow understandable, being scarce with your data is a virtue actually).
The benefit of a (Transfer)Wise account would be to cut down costs for our international payments and also provide bank account details in several countries, conditional to being included in our accounting (see above).
Before I proceed, can all board members confirm to me here, or if they are uncomfortable also in private, if they would be fine to have that data shared? I can only proceed if all current board members are fine with it, and for future board, all board members need to provide their data, or we must close the account - similar to PayPal and Stripe.
Thanks
Florian