What is an international current account (overseas account, international company account)?

An account held by a foreign bank is often referred to as an international account. You can either reside in London or New York or almost anywhere and still open an international current account in the capital of Singapore. There are no physical boundaries to possess an international company account. Or global companies whose ownership or business activities lie outside of Europe like some international nationalities/jurisdictions: Hong Kong, Singapore, etc can open overseas company accounts in Europe.

Moreover, It is remarkably easy to contact service providers and make an online registration for an international current account as long as your institution satisfies the eligible criterias.

Opening and owning an international company account is extremely beneficial for enterprises that do business globally because of the financial advantages and the manoeuvrability it brings.

For example, a large number of costs and fees will be less charged for money remittances by using an overseas current account which no traditional banks can offer. Also, having an international business account helps businesss avoid political risks and put their assets under protection.

In conclusion, an international business account gives enterprises a better, simpler way to make transactions without worrying about hidden fees. Everything that an DNBC Financial Group overseas account offers is completely transparent.