It is advisable to open a business account for your company in the EU and Austria as a part of it. This definitely makes your financial life and reporting easier, but where to do it? Is it better to go to the traditional bank or apply to another financial service? Let us discuss the most common choice criteria for your business account and eWallet.
From Where to Start with Your Business Account
If we talk about a traditional financial service, i.e., a bank, it is linked to some unavoidable bureaucracy. In this case, one will lose time and money while opening a business account. Then, when the bank transfers money or does some other transactions, it also takes time.
It happens like this even in the EU and in Austria, so it is better to look for another financial service. And there is a brilliant solution – one can open a business account and create an eWallet online with the help of special modern financial organizations.
Just consider the Genome Account as an example. Only three steps separate you from the business account in this case:
- Visit genome.eu to register in the system and sign in.
- Pass the verification of your identity.
- Provide the data about your company and the necessary documents.
All this is done online, and the business account will appear in up to 72 hours. This is the greatest way to open a business account and start operating with it.
Benefits and Special Features of a Business Account
Blog Genome recommends discovering all the tools and options that are provided by the financial service before applying to it.
For example, Genome Account has the following opportunities.
Multiple IBANs
In a few minutes, the owner of a business account can create up to 15 accounts in EUR and USD.
Affordable prices
For money exchange, we have a beneficial 1% fee. So, you can operate all over the world in different currencies and exchange them inside the system.
Instant transfers & payment templates
International transfers are available, as well as payment templates. You can repeat any action in your business account with one click.
Shared access to the business account
Invite your partners and colleagues to operate the business account together. The owner can assign different roles and give proper levels of access according to the position of the employee.
Analytics and reports
Together with modern financial services, a businessman gets useful tools for control of the funds and transactions. You do not need to wait for an accountant. The reports are always available in a few clicks.
Real-time notifications
When the bank transfers money, you are not aware of the details of the procedure. But in the business account, you can turn on swift notifications for those transactions that are especially important for you. Also, Genome provides an app that can be installed on any device and used from any place with a stable Internet connection.
At last, when you choose the financial service, check the following:
- Security measures and anti-fraud protection
- Available support channels
- Tariff plans and prices for different tools
You must be sure that your funds in USD and EUR are going to be safe, as well as your personal information. Transparent prices are also important. As for support, you may need it anytime, and it is important to know how to reach it.
All this can be guaranteed by a reliable company with even more benefits. Create a business account and an eWallet in a trustworthy vendor and enjoy the fascinating world of modern e-commerce. It will help to steadily grow your business and achieve all your goals.
Disclaimer: This content does not necessarily represent the views of IWB.