With some banks and almost all payment institutions, yes. Traditional banks in Switzerland, Singapore and the UAE usually want a face-to-face meeting. We tell you before we start so a trip is not a surprise.

Why do banks refuse accounts?

Usually an unclear business model, no link between the company and the country of the account, a complex ownership chain or a high-risk industry. Refusals are rarely explained, so the application has to be prepared properly.

How long does it take to open an account?

From a couple of weeks with payment institutions to several months with conservative banks. It depends on the bank's compliance process and how complete your documents are.

Do you guarantee the account will be opened?

No, and be wary of anyone who does. The bank decides. We assess your chances honestly upfront and decline cases we expect to fail.

What does the bank ask a company for?

A description of the activity, counterparties and payment countries, expected turnover, the origin of capital and proof of the owner's income. Contracts, invoices and financial statements are standard.

Which country should your company bank in?

Tell us about the company and its turnover - we assess chances with banks and payment institutions, prepare the compliance pack and follow the application to the bank's decision.

Discuss a company account