It’s never simple to open a new bank account, you have to submit lots if information, you wait for ages, and then there is never any guarantee that you will get approved for the service!
The challenge is compounded when you try an open an account in a new country; and once live many will receive subpar exchange rates and hidden fees!
So where do you start?
The traditional players
These are the hardest to go live with, but many will typically have startup programmes that help.
- Lloyds Bank
The new players
More dynamic, mobile and innovative, though less history and some face scaling challenges of themselves.
What will you need
Many will request lots of information to approve an account. You will typically have to repeat this with other partners.
- Typically three months of bank statements
- Registered UK address
- UK company director
Any other options
Unbound.Money let’s fast scaling international business open new local and international accounts in your preferred market of choice, quickly, securely and with the best rates possible.
Their technology and global connections them to understand your business needs, securely connecting you with the perfect financial partner in the country of your choice.
You provide them you business details once, they then can open multiple accounts without you needing to resubmit any information.
✓ Rapid Global Money Account opening
✓ FCA-regulated partners
✓ Enjoy fast, cost effective F/X