Chronicle Journal: Finance

Do I Need a Business Account?

Do I Need a Business Account?

Many banks offer a wide variety of business accounts and cards for them – credit, premium, bonus, and discount cards. But in the 21st century, it is no longer necessary to stand in line at the bank to open a business account, because there are the Internet and Genome online accounts for this. Let’s look into what this product is, how, and in what cases Genome Account can be useful to entrepreneurs.

What is Genome Business?

Genome is just such an institution. The Bank of Lithuania is the official trustee of Genome business accounts and has licensed the Genome electronic money institution. Money transfers, merchant accounts (all over Europe, except the UK), online currency exchange – this is just a small list of what a Genome account will give you. Why should you open business account with Genome?

Features of the Genome Business Account
  • User-friendly app. Get all the information you need in real-time (notifications, news, and special offers). Genome has taken care to protect the app and your online account from scammers, so your company’s money is safe. You’ll have 24/7 control of your funds in the Genome business account.
  • IBAN. Open a dedicated IBAN as well as multiple IBANs (up to 5). You’ll be able to open up to 15 different business accounts (in USD, EUR, and GPB).
  • Transfer money easily and fast. Your money transfers won’t take more than 72 hours! In the case of B2C transfers, it will take up to 48 hours. Availability of SWIFT and SEPA gives you the ability to transfer money anywhere in the world.
  • Online currency exchange at the best rate.
  • Share an online account with your business partners. The distinguishing feature of this service is the assignment of roles with access to each person in the account. You can add up to 20 partners in total. Give and limit access with just one tap on the screen.

Do not hesitate, open business account now!

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