List (.pdf)
A suitable bank connects an international company with customers, suppliers and lenders in the required currencies. For daily trade, SWIFT and SEPA payments, local account details, online banking and company cards are important; for large contracts, letters of credit, guarantees and credit lines are important. The company gets an account that matches its real cash turnover.
Bank selection criteria
First, the payment scheme is described: countries of senders and recipients, currencies, average payment amount, number of transactions and purpose of transfers. Then banks and European payment systems / EMI are compared by account details, fees, processing speed, currency exchange, card limits and accounting integration. For trade, documentary operations and work with invoices are considered separately.
Account and loan products
A current account handles regular receipts and payments to counterparties, a deposit account is used to place free cash, and a loan account is used to finance working capital or purchase assets. One bank may be the main bank for payments and the second may be a reserve or investment bank. This combination gives the company convenient account details, distributes currencies and connects daily operations with financing.
Preparation of the bank package
For an application, company registration documents, ownership structure, business description, agreements, website, turnover forecast and list of counterparties are prepared. The client business profile must consistently explain the activity, source of revenue and purpose of the account. Specialists prepare a comparison table of institutions and prepare the package for the selected bank or EMI.
Tell us the company, payment countries, currencies and required banking products. Offshore Express LLC will select institutions, compare terms and prepare an application to open a company business account or a credit line. Select a bank for the company. We wish you success in international payments!