To open a business bank account with VoltLegal, follow these steps:
- Select the Right Banking Option: VoltLegal helps you decide whether a traditional bank or a payment institution (e.g., fintech services) is the best fit for your business needs. Payment institutions often offer faster setup and lower fees, ideal for international transactions and startups.
- Document Preparation: We assist in gathering all the required documents, such as business registration certificates, shareholder and director IDs, and a detailed business activity description. VoltLegal ensures all paperwork meets the bank’s compliance standards.
- Submit Your Application: Depending on the bank or institution, you can submit your application either remotely or in person. VoltLegal manages the submission process and helps expedite approvals.
- Compliance and Verification: We handle KYC (Know Your Customer) and AML (Anti-Money Laundering) checks, ensuring your application passes the bank’s verification process smoothly. This step may take a few days to weeks, depending on the institution.
- Account Opening: After approval, you’ll receive your business banking details. Whether you need multi-currency accounts, online banking, or international payment services, VoltLegal ensures the account fits your global business needs.
By working with VoltLegal, you get expert assistance at every step, ensuring a smooth and efficient process tailored to your business’s specific banking requirements.