Best Practices for European Companies Opening a Borderless Bank Account

Payments

Setting up your business in new places can be tough, especially when dealing with money across different countries. At Wallter, we know European companies face challenges in handling cross-border banking. That’s why we’re here to help. From signing up to understanding required documents, we’ve got your back. Our aim is to simplify the process of getting a bank account, letting you focus on growing your business while we handle the tricky banking stuff.

Explore these smart tips to quickly and smoothly open a borderless bank account. We’re all about making money matters easier for you and helping your business grow.

Registering Your Company For A Borderless Bank Account

1. Enter Accurate Data 

Make sure all info you provide is correct and easily checked. Mandatory fields will be marked with asterisks during the Wallter registration steps.

2. Get Your Documents Ready

Check your company documents before starting the registration. This helps speed up the process and ensures compliance with necessary regulations and language standards.

At Wallter, we’ve made document submission easy. We accept English, Romanian, Hebrew, or Lithuanian documents. For others, you’ll need certified translations. Some countries, like Bulgaria, Cyprus, the Czech Republic, and more, require special notarized documents due to online limitations.

For European companies, these are the essential documents we request:

  • Extract from Registry: to confirm your company’s status.
  • Memorandum and Articles of Association: important for legal checks.
  • Proof of Website Domain Ownership: showing your online presence.

3. Verify Your Identity

Prepare for identity verification, a crucial part of know-your-customer regulations for any financial service application. At Wallter, our strict yet efficient verification process ensures compliance and security.

  • Identity Check: confirming your ID with government-issued ID.
  • Proof of Address: validation of current residence or operational location, often through recent utility bills or official letters within the last 90 days.

4. Respond Promptly to Additional Requests

Upon application submission, the Onboarding and Compliance teams assume the responsibility of meticulously reviewing your documents. The review duration, as with any service provider, relies on your company’s intricacy and the promptness of document submission. At Wallter, our target is to complete verification within 1 to 3 working days.

 

Ready to Open Your Borderless Bank Account? Act Now!

To initiate the process, visit our registration portal at registration.wallter.com.

At Wallter, we prioritize efficiency, compliance, and client satisfaction. We’re here to simplify banking for European companies while you focus on growing your business.

Questions? Need help? Contact us anytime. Your better banking journey begins here!

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