Each financial institution may have its own individual requirements for clients, but in general the listed points apply to all financial After choosing a financial institutions.
The process of opening an account in a foreign bank
After choosing a financial institution and preparing documents, the main stage begins – submitting an application and passing checks. It is important to understand that each jurisdiction imposes its own restrictions, and each bank sets its own requirements.
- Choosing a bank or financial platform. Compare several options by reputation, tariffs and available services. Make sure that the bank works with your jurisdiction and allows remote registration.
- Preliminary consultation. If necessary, contact the manager: clarify the exact list of documents and the specifics of the procedure. Some banks offer an online chat or video call for an initial acquaintance.
- Collection and preparation of documents. Collect a package of constituent documents, proof of identity and address. Check whether notarizations or apostilles are required, as well as translations into the required language.
- Filling out an online application. Register in the bank’s system, provide information about the company and its beneficiaries . Provide a brief description of the activities and expected turnover. Double-check the correctness of the information entered.
- Passing KYC and AML checks. The bank may request additional documents, confirmation of the origin of funds or justification of transactions. Be prepared for clarifying questions from the security service.
- Account confirmation and activation. After successful verification, the bank will issue details or provide access to your personal account. Sometimes a verification payment is required for final activation.
- Setting up payment instruments. Once you have completed registration, you will have access to online banking and additional options (corporate cards, multi-currency accounts, etc.).
In most cases, opening an account in a traditional bank requires a personal presence, especially if you are not a resident of the country. However, there is a solution: many modern online banks allow you to go through the entire procedure remotely. We will talk about them below.
International online banks
Internet banks are financial platforms that operateAfter choosing a financial in a virtual service format. They offer account opening and maintenance completely online, without a personal visit to the office. Their advantage is speed, convenience (account management via a mobile application and personal account) and flexible rates for international payments. We will tell you about several popular online services that allow you to open an account remotely:
- Payoneer. Suitable for accepting payments from marketplaces and freelance exchanges. Provides virtual details in different currencies, allows you to pay business expenses and withdraw funds to a local account.
- Wise. Good for making transfers to different countries country email list with transparent conversion rates. Allows you to create multi-currency details and make international payments at favorable rates.
- Skrill. An electronic wallet convenient for fast transactions and online payments. Supports numerous methods of replenishment and withdrawal of funds.
- Mercury. An American online bank focused on startups and small businesses. Offers remote registration and a user-friendly interface for managing finances.
- Revolut. A European platform known for its favorable currency conversion and easy account management. Offers business accounts with special rates and tools for analyzing expenses.
All the listed services do not work in the Russian Federation artificial intelligence in companies: will the generative model change the market? directly, however, if you have a company registered abroad (it can be in the USA, England, Hong Kong or other countries), you can open accounts through these platforms. Easy Payments specialists will help with the registration of a legal entity and further opening of an account in an online bank completely remotely, and will also provide full support at all stages and support in any issues that arise.
Register a corporate account online
International payments require flexible and reliable tools. A foreign corporate account allows you to conduct business at any distance, work with foreign counterparties and marketplaces, and convert currencies profitably. When choosing a financial platform, pay attention to its reputation, terms of service, document requirements, and the convenience of online services.
While traditional banks, especially American or australia cell numbers European ones, require personal presence in most cases, international online banks make it possible to go through the account opening procedure remotely.