“Trusted Introducer” Services for Opening a Foreign Bank Account

A current or checking type account for cash flow management is an integral part of any business, onshore or offshore.

Today, it is not enough for smart offshore businesses to have a single account with just one bank. One needs to develop his or her business activities and diversify cash flows, making it necessary to look for new financial institutions that could provide a wider range of services, have more qualified staff and offer better payment solutions. 

The abundance of offshore financial market players significantly reduces the efficiency of an independent search. Every bank, payment system or neobank sets their own rules and requirements with regard to the local laws and organizes the account opening procedure in their own way. Introducer services will allow you to avoid difficulties in finding the best option, and save time and money when it comes to opening a foreign bank account.

Why Are Introducer Services Gaining Popularity?

Requirements of the banks and payment systems are getting tougher across the world, so businesses and individuals have more difficulties in getting access to quality financial services. In reality, the best private banks have always worked on a personal referral basis. A client who simply calls the call center or emails info@ will not be treated very seriously.

The global fight for political control, the widespread introduction of tougher anti-money laundering (AML) principles and procedures, the KYC (Know Your Customer) rules allow banking institutions to do the following if they suspect the AML breach:

• Reject a potential customer.
• Block accounts and freeze balances. without notice.

And then, in order to get access to the accounts, the customer will have to prove they did not violate the law.

Professional bank introduction services for opening an offshore bank account will allow you to avoid this kind of trouble. Why is that so? Here are the reasons:

• Introducer services are provided by qualified and experienced AML experts, including licensed lawyers, who know how to present documents properly to banks.
• These experts are well-versed in AML requirements and rules.
• Over a long period of operating in the market, our experts have studied all the requirements and procedures of foreign payment institutions.
• Introducers keep in touch with the leading financial experts and analysts.
• Introducers have profound knowledge of market participants.

Having turned to us for the service of opening a foreign bank account you can be confident of quality service!

Main Reasons for Using Introducer Services

Save time 

The abundance of offshore financial market participants creates a problem of choice. Finding a suitable payment institution is not easy for a business person given the circumstances. The search per se takes time, and it might well ultimately fail.

You will not need to expend your resources on market research 

Market analysis, namely qualitative analysis, implies heavy costs. 

Your risk of rejection will be reduced 

Finding payment institutions with acceptable terms, a wide range of services and a convenient interface is half the battle. The main thing is to prepare your documents in a high-quality and proper way, taking into account the requirements of a potential partner. The compliance, legal and security departments are very thorough in their approach to customers and their business. Any inaccuracy or mistake will destroy all the efforts invested in searching, and preparing the documents for account opening.

The probability of you coming across fraudsters or insolvent organizations will also be reduced

Today, quite a large number of payment institutions go bankrupt and leave the market. There is a huge number of fraudsters who want to take possession of customer funds. Working with introducers will help you avoid this kind of issue. 

Main Tasks of an Introducer:

• Properly assess the customer’s requirements and goals.
• Find the right private and commercial banks, payment systems, and neobanks with which the client can open an account to suit their requirements.
• Prepare the paperwork checking all the boxes to reduce the likelihood of rejection.
• Submit the documents and forms to payment institutions to open account(s).

How Introducer Services Are Provided: Account Opening Procedure 

In order to deal with the above mentioned challenges, the professional introducer company dedicates considerable effort. The experts work very hard to meet customer requirements. So, what do they do?

• Provide assistance in filling out pre-approval forms to analyze the customer’s profile as correctly as possible.
• Check the customer against the available AML databases.
• Analyze more than 200 payment institutions based on the pre-approval forms in order to select the most suitable ones.
• Negotiate with a representative of each payment institution in order to get them working with the client.
• Provide a list of requirements and documents necessary to open an account.
• Assist in filling out the application form, and other forms necessary to open an account in accordance with the requirements of a payment institution.
• Verify the quality of the completed application form and collect a full package of documents for opening the account.
• Send a set of documents over and keep track of their receipt by the representatives of the payment institution.
• Continuous contact with a representative of the bank/payment system/neobank, answers to the questions of different departments, continuous control at all stages of account opening.

Experts of Offshore Pro Group accompany their clients at all stages of account opening, starting from filling out the forms, up to the actually opened account and beyond if there are any issues. We will help you make the right choice, and explain the reasons for choosing one or other payment institution.

If you become our client you will benefit from the following:

Should you need an offshore bank account, please do not hesitate to contact us right now in the online chat or leave your contact details in the special form.