Every year, foreign banks adopt flexible and efficient tools to meet the needs of their clients regardless of their place of residence. Technologies can make life easier by simplifying online transactions of individual and corporate customers, and considerably reduce their banking charges. This article is focused on the digital account opening abroad – the fast way of opening an international account without ever stepping foot inside a foreign bank in 2020. With global travel almost at a standstill, doing business online has become a must-have solution and a great advantage.
You know that haste makes waste, especially when it comes to money. You can safeguard your funds against all possible risks if you resort to the professional assistance of experts. Contact us at in**@***********rt.com and start the safe and prudent online process of opening accounts abroad.
Before you make up your mind about opening and onboarding an account in a foreign bank via the Internet, let us acknowledge that the recent technological solutions are shifting banking to digital, mobile and online all over the world.
The COVID-19 pandemic may prove to be the tipping point in terms of choosing and giving preference to the digital accounts that can safely and reliably serve your purposes irrespective of your distance from their banks.
Thanks to the digital banking apps with great features and effortless functions, individuals and businesses can perform their mobile transactions over the Internet wherever they have a computer or cell phone, from any place.
The convenience of managing bank accounts and foreign exchange payments online has offered us more freedom than ever.
However, with the rise of the growing diversity of banking institutions and payment systems in the world, the users are spoilt for choice. Without professional help customers often get confused when trying to choose the right digital banking service provider.
Moreover, it is quite difficult to assess all available options and choose the most reliable and favorable jurisdiction.
Therefore, as soon as you have decided to open a digital bank account abroad, you need expert advice, first, on the banking landscape in the jurisdiction which you find appealing, and, second, recommendations regarding the banking institution where you should place your personal funds.
Furthermore, it is very important not to make rushed emotional financial decisions. Opening an international digital bank account, no matter how technically easy it might be today, is a vitally significant step towards your future style and quality of life.
So before you endeavor to open a digital bank account abroad, we recommend you should consider the following questions:
• Does the foreign bank open accounts for non-resident individuals and companies?
• Can it open the right type of accounts for you (personal, corporate, deposit, savings, brokerage/investment accounts)?
• In which currencies can payments be charged and made?
• What is the banks’ tariff/rate setting policy?
• What is the bank’s reputation, rating and financial status?
• Is bank support available in the language of your choice?
• How much confidentiality, data security and privacy can you be guaranteed by the chosen bank?
• How sustainable is the banking system in the country of your choice?
• How sustainable is the political and economic situation in the country of your choice?
You might as well find answers to all such questions on the Internet, but please be careful and choosy, not to trust outdated and incompetent resources.
You are welcome to find really useful recommendations on our web site. We offer our online readers quite a lot of information about where it is best to open a bank account abroad without having to personally visit the country and the bank. And we always focus your attention on the most essential details when you choose a jurisdiction and a bank.
But it is best to forward all these questions to our financial experts, who will help you not only to open a digital account abroad, but also to build a strategy to protect your funds.
The world of finance is unpredictable, and what was relevant yesterday, today may be the worst choice for you. That is why we recommend to send us a short request with a brief of your particular interests: in**@***********rt.com. We promise to answer promptly and help you find the right solutions with consideration of the current banking situation and your specific needs.
What are the general requirements for opening a digital account in a foreign bank?
Over the last 5 years, the procedure of opening an account abroad without personal visit to the selected bank has become more standardized and straightforward. However, in-house rules and approaches of banks may differ a lot, for example, in such issues as the minimum amount of guaranteed deposits, and the portfolio of documents to be submitted for opening a bank account.
The list of the most basic compliance requirements is not big. But when it comes to details of the documents needed for entering a business relationship, each bank and its compliance team adds some internal requirements. Therefore, it is important to understand how the document verification and client compliance is arranged at your particular bank.
The most important requirements of foreign banks are set for the quality of documents provided. They are very scrupulous, for example, about their questionnaire the applicants fill out. Oftentimes, a client misunderstands some question and therefore marks the wrong checkbox, or provides an inaccurate and incomplete description of their company’s business and the purpose of using the future bank account. In such cases the bank asks additional questions, or the compliance officer requests to submit some more documents, or just rejects the application when in doubt.
Another very specific requirement, which can often cost some extra time, efforts, nerves and money, concerns the client’s personal signature. Both in the offline, and online banking world, the signature needs to be somehow verified and notarized. Our experts can help you comply with the requirements without having to visit the bank physically.
There are many other important nuances that you would like to know before you contact the foreign bank.
What to start with when opening a digital foreign account in 2020 without travelling to the bank?
The first thing to do when you begin the process of opening an online account abroad is to send us a short request. We will contact you promptly and help you:
• define the purpose of your digital foreign bank account
• analyze your profile and specify for you the right financial instrument
• choose the most appropriate financial institution
• learn how foreign banks work in a specific jurisdiction
• understand all nuances of compliance and security clearance
• eliminate all odds and errors in the required document package
• prepare for the online interview with a manager of a foreign bank
• customize your personal digital office to suit your needs.
Our help in opening a digital account abroad is invaluable, and we are proud that it is not just a boastful statement. Our services are based on our experience and expert knowledge of relevant information about the current international banking sector.
We know what it takes and how to analyze the specifics and profile of the client, the structure of the company and its purposes for setting up the account. This is a rather time-consuming and responsible process, which allows us to find and offer you the optimal profitable financial solutions.
Our proposal is to open you the digital bank account abroad which is right for you, to open it without haste, but thoughtfully, relying on our assistance.
You will not have to plan a trip to the bank. It is enough to contact us right now at in**@***********rt.com and tell us what you are interested in. We will answer you in detail about the bank matching your needs and its services.
Why to open a digital account abroad via the Internet?
A digital bank account with a foreign bank can be set up remotely. This is the only right solution for those who want to diversify their assets and keep them in more reliable currencies. A digital foreign account is your stronger protection against unforeseen circumstances in your home country. If you comply with the rules and procedures, your account will be opened remotely in a seamless and cost-effective way.
Despite the fact that the freedom of travel is limited in many countries as a temporary measure, there is a world-wide risk that this will negatively affect international mobility for years and years to come. With this in mind, the possibility to open accounts remotely is a great solution.
What are the advantages of opening a digital bank account without visiting the bank?
A digital account with a foreign bank gives you access to profitable investment resources and a wide range of services and perks: modern financial instruments, the financial freedom, a high level of protection and reliability, as well as the opportunity to build long-term relationships with foreign business partners.
The increased public health concerns due to the outbreak of COVID-19 have forced governments to shut boarders and restrict travel. You can be better prepared for this and similar critical situations if you get a digital bank account abroad, which you can open and use without having to travel to the bank.
Stay well and contact us for the expert service information and request help in opening your digital account in a foreign bank.
How to set up accounts with foreign banks in different currencies?
Many foreign banks offer individuals and businesses both single-currency, and multi-currency accounts that can be set up via the Internet.
As the world gets shrinking to a global village, the needs for online cross-border transactions in USD, EUR, SHF, GBP and other different currencies keep growing.
Moreover, in the COVID-19 pandemic and the post-pandemic environment, investment migration is going to gain more significance. Your account and business transactions abroad will act as a hedge against the significant macro-economic volatility if you choose your bank and set up the right type of account thoughtfully. There is a favorable choice of foreign banks that offer the required online services and digital accounts in different currencies and even in multi-currencies. You even do not have to travel at all to open the account. Everything can be conveniently done via the Internet from your cell phone or computer.
01 June 2020 