Posted on Jul 20,2021
Receiving and sending payments related to international business transactions has become an increasingly complex matter, associated with blocked accounts and frozen payments for unexplained reasons, as well as standard problems like long delivery time, low transaction limits and mistakes.
Migom Bank™ offer a solution for its clients: dedicated multi-currency IBAN accounts, both SEPA and SWIFT enabled, with higher transaction limits. Even though Migom Bank™ adheres to the strictest AML and compliance regulations, we are proud to be business-driven, particularly in facilitating international business payments.
What is IBAN?
IBAN (International Bank Account Number) is a standard, internationally adopted numbering system designed to easily identify an individual account involved in the international transaction, a bank and a country it belongs to. It simplifies the transactions and payment verification.
IBAN is attached to accounts in the EU countries, Norway, Switzerland, Liechtenstein, and Hungary.
Why to get IBAN?
Your IBAN is a unique identifier (up to 34 digits) that you need to conduct international payments in a faster, safer and more efficient manner.
IBAN can be used to make and receive payments and fund transfers from both countries that have adopted IBAN and that have not.
Dedicated IBAN with Migom Bank™
Migom Bank™ offers a cheaper, faster way to send money abroad by opening dedicated multi currency IBAN accounts, SEPA and SWIFT enabled.
We offer two options for our clients:
Migom Bank™ provides:
Migom Bank™ is fully compliant and regulated by FCA and the Commonwealth Republic of Dominica. See the full set of licenses here.
We provide the most time- and cost-effective solution for our clients needs, be it a complex multi-party L/C or a batch or large-amount wires to be sent to your vendors around the world.
What currencies are available for IBAN?
IBAN is available for clients who work with the following currencies:
Europe: CZK, DKK, HUF, ISK, NOK, PLN, RON, RUB, SEK
APAC: JPY, HKD, SGD, AUD, NZD
The Middle East and Africa: ILS, TRL, AED, ZAR
How to get started?
You have to pass the standard onboarding process with Migom Bank™ and an additional check to get your dedicated IBAN account in a matter of days.
Learn more in a live chat with a manager at Migom Bank™ website, 24/7 in real time.
Migom Bank™ offers fully digital banking experience, deal-oriented compliance, higher transaction limits and custom-tailored flexible solutions to help you make most out of the unfolding market situation.