Company industry: Online Gaming

Company jurisdiction: UK

Shareholders: 1 Individual from UK.

Banking needs: For the Curacao Company – need of SWIFT EURO, USD and other currencies, in and out.

 

We can assist you too to open bank accounts – contact us

 

Banking difficulties in the UK

Very few banking options for the Curacao company.

They came to us asking for assistance to open a business bank account in Europe with SWIFT EUR, USD and SEPA to receive funds from their merchant and they also needed debit cards to pay for online services.

Our Solution:

  1. To open a corporate account in an EMI in Europe that is e-gaming friendly.
  2. We assisted them to obtain the Curacao Gaming License.
  3. We assisted the Curacao company in opening a bank account in Europe .
  4. In that way, the company has an account in Europe where all incomings from their merchant accounts and PSP’s are sent.
  5. The company issued 2 debit card for making online payments.
  6. We assisted them to approach an EMI in Europe, gather documents, prepare and submit the EMI’s required forms.

What were the steps:

  1. Identify their needs and current difficulties.
  2. Collect company shareholder’s information from open sources – company registry.
  3. Filling in the information in the financial institutions applications/ Corporate Questionnaire.
  4. Work with the EMI to ensure the application is accepted for smooth account opening.
  5. Result – the financial institution approved the application and opened the company an account with the required services.

Case Study Summary:

The time taken to open the account from first contact with us until the bank approved the application was about 24 days.

Before partnering with us, the company struggled with its banking options and almost had to close its business due to lack of operational bank account. The company has now been working with the bank we provided since mid 2020 and still, the account is fully operational.

Recommended for you

What is a Company Certificate of Incorporation?
07.10.21
A certificate of incorporation is a legal document or license with some relevance to the formation of a company or corporation. The exact meaning of the term differs depending on the legal system in which it is being referenced.   In the U.S. and Canada,...
About Tranzbase
06.10.21
What is Tranzbase?     Tranzbase is a network of convenient banking solutions based on a unified online platform: all types of innovative banking services and internal services for managing personal and family assets, online transfers, and payments. This includes bulk payments, contactless cards for...
The World's Largest Banks
12.09.21
The same banks have remained at the top of the list of the largest banks since 2017. The largest banks in Europe are still the U.K.'s HSBC followed by French financial institutions BNP Paribas and Crédit Agricole. The leading European bank, HSBC has total assets...