Electronic money institutions are often called online banks.
While the majority of business owners still tends to open accounts in traditional walk-in and brick-and-mortar banks, the reality is slowly starting to show them the other side of the coin. Although EMIs and payments services cannot offer services such as loans, letters of credit etc, they can certainly facilitate day-to-day transactions, debit cards and most common banking services. And this is exactly what the majority of international business owners is looking for.
EMIs offer remote corporate bank accounts opening, with an often wide range of currencies offered. Account opening is much faster while the fees are often lower. Non-resident companies are often accepted. With a speedy process of account opening, sometimes a simple scan of your documents is required without any certification.
If you are skeptical about online banks, do not worry. Findove cooperates with EMIs and payment services that are licensed by the same institutions like banks (ex. UK – FCA (Financial Conduct Authority)
Personal or corporate account with EMI
Personal or corporate account with EMI is done in 5 simple steps:
- Consultation and bank selection
On a first free consultation, our specialist will take into consideration all your needs and we will need to know your citizenship, country of residency, currencies you need etc. For corporate clients there will be some additional information required. Then we will select the best banking option for you. For a free consultation please click here.
We will prepare a simple and short application about you and your needs and contact the bank to check about their “appetite” for you as a client. Although this is not a formal application it significantly increases the chances of account opening.
You will need to effect the payment for bank account opening according to our fees. Please check the fees here and payment methods here.
- Bank Account Opening
We will start the process of gathering documents and filling the forms while we are online with the bank. You will receive updates every 2 days about the status of the application and once the account is open we will inform you immediately.
- Your new corporate EMI account is ready!
Once your account is open, you will be able to access it from anywhere, as long as you are online.
The decision about whether to open a bank account is solely upon bank’s discretion, but no need to worry – if your account opening is rejected Findove will open a bank account for you in another bank with no additional charges!