Benefits of having an EU iban for your business
As a business, you might be looking to expand your horizons and make an impact on the global market. This is why it’s important for you to have access to an international bank account (IBAN) in order to do so. The good news is that there are many benefits of having an EU IBAN for your business.
Below we will discuss some of these benefits:
Transfers
With an eu iban, it is easy to transfer money from one country to another through various means such as wire transfers or credit cards because it has been recognized by all major players like Visa credit card companies and Western Union etc.. This makes it possible for businesses based out of Europe or non-EU nations such as United States (US) or Canada to accept payments from European customers without any problem whatsoever being faced by them at all times!
International Connections
As you do business with more and more international companies, it can be difficult to keep track of all the IBANs for each country. EU IBAN provides an easy way for your customers to pay you and transfer funds from one country to another without needing to know any additional information. This makes it much easier on both sides, allowing customers from all over Europe to send money safely and securely.
With a business bank account and an EU IBAN you can enjoy the obvious benefits of the single market.
For example, you can pay your suppliers in any other country within the EU without paying any extra fees. You also don’t have to worry about currency exchange rates or converting money between currencies – everything is done by your bank automatically. This means that you save time and money when you are doing business across Europe!
In addition, it makes it easier for customers to pay for goods or services from outside their own country as they don’t have to worry about converting their payment into another currency before sending it via email or fax (remember those?).
With an EU IBAN you can enjoy the obvious benefits of the single market
With a business bank account and an EU IBAN you can enjoy the obvious benefits of the single market.
For example, you can pay your suppliers in any other country within the EU without paying any extra fees. You also don’t have to worry about currency exchange rates or converting money between currencies – everything is done by your bank automatically. This means that you save time and money when you are doing business across Europe!
In addition, it makes it easier for customers to pay for goods or services from outside their own country as they don’t have to worry about converting their payment into another currency before sending it via email or fax (remember those?).
Best way to get EU IBAN: wamo
Opening a business account online with wamo is very easy. Besides, it's also easier to generate an EUR IBAN for your business with wamo account. But how? With alternatives to traditional banks: non-bank banking platforms like wamo were able to reduce the registration process to minutes instead of weeks or months.
With wamo, you can open a business account in just 10 minutes, and right after, you can open multiple accounts and choose whether you want a EUR or GBP IBAN for each.
So, does your business need an EUR IBAN? Why not when it's that easy? EUR IBAN allows you to do business remotely. It helps your business grow in the European market. Check out wamo.io to open a wamo account and try to generate your first EUR IBAN.