Introducing Neat and Currenxie, these financial technology platforms are offering emerging Multi-currency Business Accounts service, which are built for dynamic entrepreneurs to start their international business instantly – to pay and get paid online with others bank accounts – with thepure online banking experience.
Banking Account as a Necessity
Neat and Currenxie are not competing to conventional banks. Instead, they aim at the entrepreneurs who are rejected by the banks due to their tightening Know-Your-Client (KYC) requirement. By deploying the automated KYC / due diligence procedures on their back stage, they do not need your business-proof and skip the face-to-face interview, you are ensured a quick account opening process in 2 weeks or less and enhanced approval rate.
How does the Business Account work?
Money transfer with banks directly
Your company will have your own unique bank account number in your company name, just like the account of other conventional banks. The account number is dedicated only for your company so other banks can recognize and identity your business during inter-bank money transfer.
Connect to Payment Gateways
To accept online payment, your company should integrate with various payment gateways (e.g. PayPal and Stripe) to collect card payments (e.g. MasterCard and VISA) from your customers as a online merchant. Afterwards, you can withdraw your fund in these account to your “bank” account.
Startup / Small Business
Dedicated Bank Account Number
“More than a digital wallet!”
Your company’s Business Account comes with a dedicated bank account number, so people can send money to your account via conventional bank transfer.
One Account, Multi-Currency
“More than Hong Kong dollars!”
You can get paid in other currencies without hassle (Including EUR, USD, GBP, JPY, CHF, IDR, HKD, NZD, SGD, CAD, AUD and CNH)
Remote Online Account Opening and Access
“Open and access from anywhere!”
You and your company’s members do not have to visit Hong Kong for the opening and management of your Business Account. All are done remotely.
Minimal Documents Requirement
Upload the digital copy of passports from your company’s shareholders and directors, and the incorporation documents.
Quick Approval, Speedy Opening
“Open an account in 2 weeks, or less!”
Thanks to adoption of new technology, a large part of the KYC / due diligence procedure in the opening of Business Account is automated in the back stage.
No Upsells, Pure Account
“Essence of money transfer!”
Getting rid of those “value-added” financial products, like investment, loans, insurance, and saving, you get the Business Account and start bank transfer instantly.
Every Business Account will have a set of usage limit, including the maximum balance, maximum top-up limit, limit per transaction. These limits are determined by the service providers based on your business nature and expected volumes.
Country / Industry
Due to the financial regulatory in other jurisdictions, the service providers cannot open a Business Account for people with restricted nationality, and companies carrying on restricted business or incorporated in restricted jurisdictions.
Since the service providers do not offer “value-added” upsells, they charge you handling fee per payments (incoming and outgoing) and subscription fee to maintain your Business Account.
Create a business account online for global money transfer between conventional banks