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How to open an account, if the bank identified your business in the category of high risk and refused you?

How to open an account, if the bank identified your business in the category of high risk and refused you?

How to open an account, if the bank identified your business in the category of high risk and refused you?

Currently, there is a trend of rapid business progress. There are companies entering the market that offer customers a whole range of new services, forms of interaction and unique offers. Among the most famous of these innovations are the invention of cryptocurrency, electronic wallets, etc.

But the banking system, unfortunately, has lagged far behind business. This is due to outdated legislation, both locally and internationally. Therefore, to maintain their license, banks often do not want to deal with start-ups that are incomprehensible to them, and even with the latest business ideas that have been developed by experienced entrepreneurs.

Most often, the following business areas are included in the high-risk business category:

  • Electronic financial exchanges (for example, Forex).
  • Companies that distribute atypical, unique products over the Internet.
  • Electronic wallets.
  • Agencies providing services for the creation of firms in offshore zones.

What are alternatives to bank accounts?

If the bank refused to open your account, as it deemed your business risky, you do not need to go to another bank (since the probability of receiving a refusal at another institution will be similar). In this case, it is better to open an account in the payment system. And since now there are a lot of similar services, the client has the opportunity to choose the payment system that is best suited for his business.

Today, users of electronic payment systems are able to carry out such operations as:

  • Currency exchange.
  • High-speed SWIFT translation.
  • Getting an individual IBAN number.

Modern payment systems are a complete alternative to banks that offer customers the maximum speed of processing all transactions, maximum protection of confidential data and the security of their capital.

Our specialists will help you choose the most optimal payment system, the functionality of which will fully satisfy all the needs of your business. We will prepare for you a list of those services that are guaranteed to be ready to cooperate with you. Therefore, the help of our specialists is a guarantee of the complete lack of probability of receiving a refusal to cooperate with the payment system.

For more advice, contact our managers at the contacts listed on the site.

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