Free eBook from Open

What's inside:

- Full list of banks and banking partners we work with (including which ones offer remote applications)

- List of documents needed for bank applications

- The step-by-step process of getting your corporate bank account open in the EU or UK

- Short answers to some of the most common questions

Let's say your business needs a bank account...

Perhaps you have business interests in this jurisdiction, or you want to save money on foreign exchange rates.

You send your bank application form, wait for a reply, and receive a rejection. You don't know why you were rejected – banks rarely give good reasons.

You decide to go to a different bank and this time, you feel you'll get lucky.

But instead of having a smooth, 100% remote process, you have to travel to the country of your choice, fill out endless bank applications, and have zero guarantees that you'll get your account open.

Does this ring a bell? It does for us.

We've seen this over and over: opening a bank account can be a grueling, tiresome process.

This is why we created Open – a premium service and a dedicated team of experts can help you avoid all red-flag mistakes and make sure you have a bank account open in a blink.

Opening a bank account may be hard. But with Open, it's possible.

...that's different from the country of its incorporation or your residence.

Some Banks We Work With

Bank of Cyprus

Cyprus

This bank offers a full spectrum of services including savings and current accounts, multi-currency accounts, loans, insurance and expert advice if you are an investor or a business owner. With a Cyprus bank account, you can easily expand your business as you can transfer money internationally, maintain your assets in several currencies and protect your money under the minimum deposit security scheme.

ING Bank

Netherlands

Processes for opening an account in the Netherlands depends on the type of business you are running. If you have an unincorporated business (e.g., you're a freelance entrepreneur or sole trader), the process is similar to that for opening an individual account. The ING Bank is among the leading banks in the Dow Jones Sustainability Index (Europe and World) and is included in the FTSE4Good index.

Credit Suisse Bank

Switzerland

Credit Suisse Group AG is a global wealth manager, investment bank and financial services firm founded and based in Switzerland. Headquartered in Zürich, it maintains offices in all major financial centers around the world and is one of the nine global "Bulge Bracket" banks providing services in investment banking, private banking, asset management, and shared services. Credit Suisse is known for its strict bank–client confidentiality and banking secrecy practices.

BNP Paribas

Poland

Poland is a favorable location for basing a business in Europe and the country offers many business opportunities. Foreign investors have the same rights to open a company and open a bank account as locals. But pleases keep in mind that this bank might require a personal visit to the branch.

J. Safra Sarasin AG Bank

Luxembourg

Business account products often vary depending on business size and type, with some banks offering specific accounts suited to start-ups and small businesses in Luxembourg. This bank offers 100% remote access, which means you don't have to go to the branch to get your account opened.

LPB

Latvia

Compared to other jurisdictions, anti-money laundering verification procedure is rather simple in Latvia. All documents can be verified online and most of the banks in Latvia do not require personal presence for account opening. This rule applies to foreign clients as well. Visiting the branch is not required to open a bank account with this bank.

HSBC Bank

United Kingdom

Euromoney named HSBC the world's best bank for small and medium-sized enterprises in 2019. You can speak to representative online, over the phone or in branch.

Raiffeisen Bank

Austria

Raiffeisen Bank claims to be the first Austrian business bank offering e-account opening. Which means, you won't have to travel to Austria to get your account set up and can do everything 100% online.

Looking for more banks?

Download our free PDF with a full list of banks divided by jurisdictions, along with a full list of documents required

In this short document, you'll find a list of banks our team works with every day, solving complex cases for international merchants, e-commerce entreprenerus, distributors, exporters & importers, manufacturers, freelancers, logistic operators around the globe. We typically create an offer for our customers based on the filled-out questionnaire, but this list will give you an idea of some of the companies we work with, so you can pick the ones that suit you.

In addition, in this guide, we have included a list of documents banks typically require when processing your application. This list will help you get a head-start on preparing your documents for the bank applications.

Our goal at Open is to assist you in this challenging process and handle the work on opening a bank account end-to-end.

If you'd like to talk with us, please fill out a questionairre on our website.

Alternatively, you can request a free consultation, where our team of specialists will guide you through the process, explain all the hidden obstacles, and answer any questions you might have.

We hope to speak to you soon.

– Max Faldin, founder and CEO of Open and Silverbird.

Let's say your business needs to open a bank account in a jurisdiction that's different from the country of its incorporation or your residence.

Perhaps you have business interests in this jurisdiction, or you want to save money on foreign exchange rates.

You send your bank application form, wait for a reply, and receive a rejection. You don't know why you were rejected – banks rarely give good reasons.

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