A Bancoli Global Business Account is a banking solution that allows you to manage your business assets in multiple currencies, pay international contractors and suppliers, and make international payments at preferential rates, among other services and benefits.
If you do business internationally, you’ve probably experienced the classic pitfalls of business accounts, such as:
- Complex account opening process with unpleasant surprises along the way.
- High fees and commissions that don’t make it profitable to expand your business overseas.
- Minimal or delayed cash flow leads to disruptions in the supply chain process and even credit applications.
In this article, we’ll explain what a Global Business Account is, its benefits—and how your business can benefit from opening an account with Bancoli.
What is a Global Business Account?
How business is done has changed to provide solutions for the current banking needs of companies with international business operations.
A Bancoli Global Business Account is a bank account that allows you to hold and manage international transactions in multiple currencies, all in one place. The key services these accounts provide are:
- Access to attractive currencies;
- Receiving and making payments in foreign currencies;
- Currency exchange rates;
- Internationally competitive fees.
Who is a Bancoli Global Business Account for?
Bancoli Global Business Accounts (GBA) are easy to open remotely, eliminating the need to travel to each country whose currency is of interest to your business. They are also an ideal solution for freelancers and businesses, from SMBs to corporations, with international operations and capabilities that require making or receiving cross-border payments in sectors such as digital services, manufacturing, retail, and commodities.
E-commerce businesses, freelancers, independent business owners, agencies, and companies with international business partners frequently benefit from having a Bancoli GBA.
Why multiple currencies in one bank account?
The Bancoli Global Business Account is an excellent solution for expanding your business into new markets, opening a branch in another country, or buying equipment overseas. Access to multiple currencies can also help you reduce transaction costs and make payments easier.
In addition, you can make deposits and withdrawals to and from the same account without needing multiple accounts or bank transfers between them.
Bancoli Global Business Account
Bancoli GBA offers a wide range of services to its clients, including:
- International banking with currency accounts with local details for USD, EUR, GBP, MXN, CAD, AUD, HKD, SGD, PLN, and CNY.
- Receive customer payments and make payments to suppliers in multiple locations and currencies.
- The best international rates with fewer transaction fees than any other solution.
- Global reach and the ability to run B2B streamlined international payments.
- Improved cash flow: Send unlimited invoices in any currency worldwide.
- Access to a multi-currency account and invoicing with cash flow acceleration features.
In addition, the Bancoli Global Business Account is available to all registered Bancoli users upon completion of the business verification process. It doesn’t have a minimum balance requirement and facilitates business-to-business payments in more than 200 countries and with more than 50 currencies.
Bancoli data for informed decisions
We all know how important data-driven decision-making (DDDM) is for business. Learn about Bancoli’s rates and start growing your business globally:
Advantages of having a Global Business Account with Bancoli
Bancoli is the most convenient international payment platform for scaling your business globally. With a GBA, you can have:
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24/7 Access: Access your funds in multiple currencies and manage all your financial and business needs remotely from one location.
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More convenience: A GBA is invaluable if you’re a business owner traveling frequently or your company has customers in different countries.
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Easy Global Payments: Simplify cross-border transactions, save on fees, and benefit from unbeatable FX rates.
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Go International: Increase your business’s visibility and availability internationally with a GBA and minimize the risk of loss in your industry.
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Diversify Investments: Access global and major currencies and markets to mitigate currency risk and safeguard your portfolio against market instability.
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Accelerate Cash Flow: Issue, schedule, and automate invoices and payment reminders with its cash flow acceleration features and leverage Bancoli AI to make informed cash flow decisions.
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Protect Assets: Protect your business assets with Bancoli’s industry-leading fund protection of up to US$125 million per account holder.
Bancoli is a business partner that supports your business. Get your Global Business Account and start growing exponentially.