There are big changes afoot in the Business Bank Accounts sector, and about time. I have predicted for many years the downfall of the traditional international business banking sector; this is mainly due to the constantly increasing compliance information imposed upon customers, some bordering on the ridiculous. I am delighted to say that new digital business bank accounts are now taking the opportunity of this sad state of affairs by offering quicker account opening procedures, cheaper fees, and less compliance intrusion with customers’ accounts. I am now rapidly converting many of my clients to digital banking platform accounts.
What is a Digital banking platform, also known as Authorised Payment Institutions (API)? The answer is a more modern, simple and inexpensive way of making and receiving international business funds transfer. Many platforms offer smartphone apps so you can run your banking business on the move.
I am delighted to announce that I have just signed an agreement to become a licensed introducer to an excellent Digital Banking Platform that provides accounts held in a US FDA Licenced bank that provides a £250,000 account guarantee. An initial account opening fee of £3000.00 is only paid upon confirmation of account opening. However, I have negotiated a £1500.00 reduction of the account opening fee to just £1500.00. There is a yearly renewal fee of £750.00 for the account, but the advantages of this account facility far outweigh the cost:
- No monthly account fees
- Fast and fuss-free account opening completed by my team on your behalf
- Accounts opened remotely, with no need to travel
- Far less compliance intrusion
- Inexpensive incoming and outgoing fees
- Your account portal so you can keep track of your money
- FDA regulated with $250.000 account insurance
- Accounts opened for nearly all OFFSHORE JURISDICTIONS, UK, European and UAE Free Trade Zones
- My administration team have direct contact with the platform to assist in the event of any problems
There are a couple of downsides of Digital Banking Platforms that you need to consider:
- In most cases, an account opening fee varies from platform to platform. To give you an example. WISE (formerly known as TransferWise) only charges an initial account opening fee of £16.00, but the number of offshore company jurisdictions is limited.
- Digital banking platforms do not provide traditional Banking products such as overdrafts, loans and safekeeping.
Traditional Bank Accounts
For clients who require a traditional Bank Account, I can open accounts in:
- United Arab Emirates (Travel required)
- Mauritius
- Cyprus
- United Kingdom
- St Kitts & Nevis
- CONTACT INFORMATION
- By email to: charles@charlesfarran.com
- Telephone: + 44 (0) 771 975 5664
- Charles Farran: Cell: 44 (0)771 975 5664 manned seven days per week between 9 AM and -10 PM UK time. WhatsApp/txt + 44 (0) 771 975 5664
- Telegram: Charles Farran. + 44 (0)771 975 5664
- Leave a message on our website, and give your details to our BOT, Kris, on our website at the bottom of this page.