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When you start your own business in Europe, there is a huge variety of things that you must think about. One of them is a business account, which is quite helpful for the proper activity, paying taxes, and more.
However, there is more than one possibility to open a business account in Germany. On the one hand, one can go to the traditional bank and waste time on the bureaucracy to get a business account. On the other hand, there is an opportunity to create an online account and use it in Germany, Europe, and worldwide without any problems.
Open a business account: benefits and special features
First of all, let us think about the advantages of the online account compared to the traditional business account. Among them are the following:
- You can open a business account while staying at home. Everything that you need is a device with a stable Internet connection and the required documents.
- An online account is generally created within 72 hours after application.
- You can manage this type of business account from anywhere and anytime. There are usually both browser versions and mobile apps that you can use.
- Thanks to the real-time notifications, you will never miss anything that happens in your business account. You will be able to transfer money and make other transactions instantly.
All the above-mentioned advantages and even more opportunities are possible thanks to the online account in the modern financial system.
However, one should be careful when choosing a financial organization to open a business account. The main thing that it must guarantee is the safety of your data and money. This point is significant for the online account because of the numerous fraudsters and scammers on the World Wide Web.
If you do not have enough experience, visit https://genome.eu/, where you can find explanations about the main features of the proper business account.
Open a business account: how to manage it
When you already have the business account, the question arises of what you can do inside it and how to do it correctly.
Taking as an example Genome Account, we can advise the following.
Currency and IBANs
Check what currencies are available in your business account. For example, in Genome, you can store money in EUR, GBP, and USD. However, other currencies are also available for transactions. You can do the money exchange just here, and the pricing is favorable.
Also, you can create up to 15 IBANs in your Genome Account. You can do it in a few clicks, which saves time.
Teamwork
Usually, the business account can be operated by more than one person. The main owner can add people to the online account and assign roles for them with different rights. That is a great option for big and growing companies where several processes occur at once, and they all need your attention.
Furthermore, do not hesitate to invite your colleagues, partners, or even friends inside the system. When they create a business account on the platform, you will get bonuses, and then there will be more opportunities to transfer money and do other transactions between your accounts.
Available transactions
Always check whether the financial organization provides all the services that you need. For example, via Genome, you can get a merchant account, transfer money internationally with SWIFT and SEPA, receive and make payments, and store money in EUR, GBP, and USD.
Support and security
The financial institution must guarantee the safety of your business account together with funds and your data. Ask what kinds of systems are used to protect all the transactions.
In addition, it is important to check the availability of the round-the-clock support team with several channels for communication. At first, you will probably have many questions and issue to solve, and you will definitely need the proper support.
In a nutshell, such a business account allows you to manage the company on a high level and accordingly achieve the best results and start a merchant account. You can not only transfer money and do other transactions but also get reports and in-depth analytics. That is a very helpful tool for developing the company and growing your income.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.