Opening an International Business Bank Account

Opening an international business bank account
with or without travel

with a guarantee
signed by CompyCo!

Opening a business bank account remotely outside your jurisdiction has become difficult in recent years in case you opt for high street financial institution. The challenges of global movements of money and ever-changing regulations (such as, FATCA and CRS) will only make matters more difficult for business owners who do not understand the variety of requirements and restrictions that each financial institution can have in place. This is why many people chose online banks that are easier to deal with and more convenient in cases where the business owners can’t or don’t want to travel. Opening an international bank account online can be of advantage if it is recommended by a professional advisor who has already been working with the financial institution and can confirm their credibility.

Thanks to online banks, and resourceful licensed professionals vetted by CompyCo all around the world, we can successfully coordinate your company registration remotely in all EU jurisdictions. Check the list of countries here.

If you are looking to find out where can CompyCo assist by providing professional coordination of services, head over here.

Each financial institution often has its own set of in-house regulations for opening a bank account. What makes matters even more difficult for the average business owner is that these regulations are constantly changing.

Are you struggling to understand each bank’s unique strategy for accepting clients? Having trouble understanding the country’s commercial, retail, central, or how to open bank account in Europe for US company?

It can be time consuming to find the right solution and we’ve seen them all. CompyCo helps you with opening an international business bank account in almost any jurisdiction of your choice by providing advice about business bank account offers on the market and engaging licensed professionals to introduce your business to the Bank where dealing with high-street banks all a way to escorting you to meet the Banker and be identified.

We consider various factors when advising about opening an international corporate bank account due to banks policies. The factors banks consider are; your business activity, remote opening preferences, residency of directors and shareholders, where are your clients and suppliers etc.

Our team is experienced in identifying the best bank account to use in Europe or worldwide, for services suitable for your business’s activities and needs. For instance, every banking institution won’t work with a company that deals with cryptocurrency as its business activity. Our experts advise you on which bank would be the most suitable for you once we hear is it opening an international bank account online or with travel, your choice. This is the first direction which you will provide us and eliminate some other options.

Which Banks Does CompyCo Work With?

Short answer: CompyCo doesnt work with any bank. Our experience is in knowing whats out there in every jurisdiction – internationally. Therefor where to find the right offer for every client. We work for our clinets not for Banks.

Many service providers who offer opening an international business bank account service work with a limited number of banks, while others only operate in a few jurisdictions. The limited options reduce your chances of receiving a positive outcome.

CompyCo doesn’t believe in limited sources holding your business back from international success. In each jurisdiction where we work, we are now connected with various licensed professionals who work with all high street banks and we know most of the online banks, to make it possible to find ones that will provide support in your specific case. This is why we can offer you all possible options for opening an international bank account.. With so many banks to choose from, we’re bound to find a couple that’ll give you an opportunity for opening an international business bank account!

We are constantly updating information about Banks and online banks to make sure the terms haven’t changed, and with our partners we provide fast solutions that save your time and money. We coordinate the processes promptly, hassle-free, and tailored to your needs! Opening a business bank account can be easy if you chose the right partner.

Have any questions about buisness bank account opening:

Opening an international bank account shouldn’t have to be a nightmare for business owners. With all the regulations, evaluations, and procedures in place, working with an experienced company like CompyCo simplifies the process for you. We have many clients with complicated requirements and structures who we found reliable bank account for.

Here are some cases that’ll convince you to opt for our turnkey banking solutions:

Banks can refuse to work with clients who have certain business activities, such as cryptocurrency. In fact, many banks simply dont work with high-risk business activities such as crypto-businesses. We know which do.
In some countries, including the Netherlands, opening a bank account with a high street bank isn’t a straightforward process for foreign companies. You have to register your company with local authorities first in order to open a local bank account.
Many online banks won’t open an account for companies with foreign non-EU resident shareholder. We know which will.
Many online banks will not open an account for companies under or above certain annual turnover.

We’ve maintained close relationships with financial service advisors to keep up to date informaiton and to bring you the best banking solutions. We engage licensed professionals use associates (most often local lawyers) from our network to provide assistance in the process of opening an account with high-street banks.

We carefully vet and do our due diligence when selecting associates, find out how:

Certain high street banks, such as HSBC, don’t open a foreign company’s bank account in another jurisdiction. To make this possible, you need to register your company as a subsidiary in that country first.
Some countries require your foreign company to appoint a local representative before you’re able to open a bank account remotely.
Opening a bank account remotely isn’t possible in all countries. While some allow it, other countries—such as Singapore, Hong Kong, or Dubai—require the directors to be present instead of just nominees. This is mainly the Government requirement which banks must respect.

For a business owner with general knowledge of the banking sector, there are too many factors to consider when you apply for a bank account. You’ll need extensive research to make the right choice for your business.

If you opt for a banking service provider who only works with 30 to 40 banks across the world, you may not even consider all the other options available to you!

Don’t limit your business. At CompyCo, we offer cost-effective and time-saving signature banking solutions with our wide network of licensed professionals.

The Process

Our expert coordinators are dedicated to helping you every step of the way, we’re happy to help our international clients if they want to discuss the various options available to them. You can receive our expert banking opinions, solutions, and analysis by scheduling a free consultation with us.

To understand your unique wishes, needs, and the possibilities for your business, you must fill in our CompyCo Banking application form.

Once we have these information, we know who to talk to and where to find the right solution for your needs.

We urge you to provide the correct information when filling in the form. In case the information is incorrect or misleading, you may encounter these problems along the way:

We advise our clients on which bank to approach depending on the information you provide us. If this is incorrect, we won’t be able to correctly advise on the most suitable banking solutions.
Once the process is underway, banks request additional proof for all the information provided by businesses. If the information doesn’t match what was claimed by you, the bank will reject your proposition.

Once we’ve collected all the information delivered by you, our experts analyze and evaluate the data. Based on these insights, we discuss the possibility of opening an international bank account with various partners.

After receiving the information about pre-approval, we’ll schedule a free consultation with you to talk about the specifics. During this call, we’ll discuss which bank to approach, deliver an offer with our fees, talk about bank fees (if there are any), and whether a deposit will be involved.

All the work we do up till this point will be completely free of charge.

If you decide to continue with CompyCo, you’ll have to submit the payment. This will enable you to receive information about the bank or financial institution and our simple instructions on how to move forward.

Once the payment has been received, we’ll disclose the options for you and explain how you can move forward.

While some banks will offer you remote identification, others will require client identification in person. Depending on the bank’s requirements, we’ll provide support to you every step of the way.

Guarantee

It’s only 2% likely that your business will not be approved for a bank account where you applied after our advice. However, if there is a bank rejection caused by the false information provided by the client, CompyCo will not refund the payment for the bank account advice or coordination service and the guarantee will become invalid.
If our clients are not approved for a bank account where CompyCo had advised you to approach, CompyCo will find another solution for you where the chances for approval are higher – for free. This decision will be subject to the client’s approval.

Security

All the financial institutions and banks that CompyCo is following have valid licenses from recognized authorities.
Opening an international bank account, without the assistance of an expert advisor puts you at the risk of financial loss. It’s important to check the validity of the financial institutions you’re working with.

CompyCo has experience in this domain and has successfully identified fraudulent financial institutions over the years.

What Is The Fee For Opening A Bank Account?

CompyCo’s charges for advising and coordination done by our vetted licensed professionals who assist with the process of opening a bank account so our fee will include our work and our associates work and will vary owing to different factors. Some of these are the timeline of the process, the complexity of the case, country of the company, your business activity, and the country of residence of the directors and shareholders. Also, your investment in opening of the account will depend on weather it will be travel involved or you will opt for opening an international bank account online.

The range of CompyCo’s fees is based on business activity is as follows:

Normal business activity	EUR 400–1500
High-risk business activities (such as Forex or Cryptocurrency)	EUR 950–5000

For an accurate price estimate that includes mandatory costs such as bank fees and deposit, and legal representation fees if needed provided by our licensed professionals in our network, we need to conduct an in-depth evaluation.

Get in touch with us for a free consultation or simply order a quote to get started. This is the best way for you to see what can we do for you.

The Right Online Banking Strategy For Your Business

When it comes to online banking, there are a ton of options available to businesses of all sizes. Which one is the right fit for your business? To help you decide, we’ve put together a guide outlining the key factors you should consider when choosing an online banking strategy for your business. Included in this guide are tips on set up, fees, and more. So whether you’re just getting started or you want to make some changes, read on to get started!

What is an Online Banking Strategy?

Online banking is a great way to stay connected with your finances and account information. It also can be a great way to reduce customer wait time, improve customer service, and keep customers up-to-date on their account activity.

There are a few things you need to think about when setting up an online banking strategy for your business:

1. How frequently will you access your account? Many businesses keep their main accounts open at all times so that employees can quickly and easily access account information. However, other businesses may only access their accounts occasionally or on specific request by customers. In these cases, it may make more sense to have separate bank accounts for regular checking and savings deposits.

2. Do you have a website? If so, then you likely already have an online presence. One of the benefits of having an online banking strategy is that it lets customers connect with your business through your website and get immediate feedback on how they’re doing with their finances. You can also use online banking to offer special deals or discounts to customers who sign up for email notifications or RSS feed updates from your bank account information.

3. What kind of security measures do you want to put in place? Your business may want to establish strict guidelines for how employees are allowed to access personal information online, such as passwords and user IDs. You might also want to install anti-spyware software on all computers used by employees so that unauthorized users don’t have access

Types of Online Banking Strategies

One of the most important considerations when choosing an online banking strategy for your business is what you need and want from the service. There are a few different types of online banking strategies that can work for different businesses.

Hosted Banking
This type of online banking takes advantage of the infrastructure and resources of a third-party provider, like PayPal or Square. This allows businesses to have a centralized location for all their accounts, statements, and payments. Hosted banking can be helpful for small businesses that don’t have the administrative resources to manage their own bank account or payment processing.

Self-Hosted Banking
In self-hosted banking, a business maintains its own bank account and financial resources. This can be helpful if you want more control over your finances and are comfortable managing them yourself. Additionally, self-hosted banking can be more cost effective than using a hosted bank since you only pay for the services you use.

Single Sign On
Single sign on allows users to access multiple banks’ websites through one login ID and password. This makes it easier to keep track of all your accounts and transactions in one place. Single sign on can also simplify the process of signing up for new services with participating banks.

Payment Gateway
A payment gateway integrates with an ecommerce platform or merchant processor so that retailers can easily accept payments from customers through their existing checkout process. Payment gateways help reduce fraud by verifying customer identities and charging merchants.