Business and Technology

How can I open a business account?

Would you like to open a business account but do not know where to start? Are you looking for the best solution? Of course, if you are operating in Europe and namely in Slovakia, you will definitely need it to organize the management of your funds properly. At the same time, if you do not want to go to the traditional bank and open a business account there, you can always use the option of an online account. Let us briefly discuss the differences and main useful features of the latter. For more details, visit https://genome.eu/business-account/

Open a business account: the procedure

Generally, merchants understand how to open a business account in the bank. However, they are tired of bureaucracy and all the time-consuming procedures that follow such visits.

Meanwhile, an online account appeared as the alternative option in Europe and Slovakia and has become quite popular recently. The first reason for it is the easiness of its creation. To open a business account, you need:

  1. To find a reliable financial institution that provides this service and guarantees the security of your money and personal information, for example, https://genome.eu/
  2. Register and sign up on its website.
  3. Pass the verification to proof of your identity.
  4. Fill in the data about your company, its address, ownership, etc.

If we take as an example Genome Account, it will be created within 72 hours after the onboarding. And that is it. Now you can store funds in EUR, GBP, and USD, receive and make payments (after starting a merchant account), transfer money, and grow your company. No wonder such a simple way of opening a business account has gained so much popularity.

Open a business account: the special features

What are the tools that the Genome Account provides? First and foremost, you have instant access to it from any device connected to the Internet. That is the most significant advantage of the modern world and its speed. You will get swift notifications from your business account and always keep in touch with the funds. But this is only the beginning.

Store money

Money can be stored in EUR, GBP, and USD in your business account. These are also the main currencies to operate. However, you can receive payments in other currencies if you start a merchant account for your online store. Exchange money seamlessly.

Transfer money

Open a business account to transfer money internationally or utilize instant internal transfers with partners who also have Genome accounts. Keep in mind that you can save and even schedule your actions to never miss anything important.

Create reports

Genome’s merchant online account collects the information about all your transactions, analyzes them and provides you with high-quality reports and useful analytics. No matter whether you transfer money or do something else, the system always cares about your funds.

Invite your team members

When you open a business account, you may think that it is totally your responsibility. With an online account, it is just the opposite. You can invite other members of your team, assign them roles and manage the business account together. Banking was never easier!

Get a card

When you open a business account, you can also order a corporate card. Physical and virtual debit cards are available. 

Stay safe

Genome uses Strong customer authentication (SCA) features for transactions in your business account. Always ask what system is utilized by the financial organization to guarantee your security.

Enjoy the referral program

When you open a business account and recommend the financial institution to your partners and friends, you will get bonuses for the accounts that they create.

Ask for support

If you open a business account for the first time, you will probably have some questions and inquiries. That is why important to be sure that round-the-clock customer support will be ready to solve your issues instantly.

Try this popular way of managing your funds, and you will definitely like it. Of course, it takes some time to get used to it, but the opportunities are totally fascinating, so do not miss them and stay tuned with the latest technologies.