Foster Swiss shows you the best European business bank accounts to open online

If you are an entrepreneur, business owner, startup founder or have an international business, you probably know how difficult it can be to open a regular business bank account. But, trying to open a business bank account some people might say is impossible, but it really isn't, Foster Swiss makes it easy for you.

Whether or not your company meets the bank's criteria depends on where you are from, where your company is registered, how much money you have, what links you have with the country where the bank is located and whether or not you can acquire the right. paperwork.

Analyzing each bank's opening procedures, documentation requirements, specific sensitivities, likes and dislikes, and experiences of companies similar to yours is key. It is also helpful to know what your peers are doing, where they are opening and what problems they have faced during account opening.

With this in mind, selecting the right country and bank is critical to opening your account. If you choose incorrectly, you will either be rejected or end up with a useless account that you can't even use. Generally, the most undesirable accounts will have high fees, horrible customer service, lack basic functionality, and you'll pay above-market fees to open, close, and maintain them.

In the fintech space, you'll want to be careful not to open an account with constant funds holds, compliance inquiries and sudden terminations that are becoming increasingly common.

Low-cost SEPA transfers within Europe.

International bank transfers from non-EU countries are expensive. Some companies want to open European business bank accounts to access SEPA and reduce their transaction fees.

This could be very desirable for foreign companies with business bank accounts in countries that are not yet Transferwise compliant or have exorbitant bank transfer fees, horrible conversion rates and high lost transfer rates.

If you choose the right bank and know what you are doing, opening a European business bank account online can be easier, faster and much less expensive. But, the opposite is also true, so choose wisely.

If you are from a non-EU country with unstable banks, high corruption and an unpredictable currency, being able to open a European business bank account online is a blessing. It may also be the only way for your company to access a stable bank with a deposit guarantee of up to €100,000.

If you would like more information about offshore bank accounts in Europe, Foster Swiss can advise you. We can help you with practically everything, from choosing the bank that best suits your needs to the opening of the account.

For more information on this topic or any other request related to our services, you can contact us directly at info@fosterswiss.com