Business accounts and payments
How banks read an application, which documents they expect and why the account must fit the business model.
Business account abroad: which documents the bank expects
With the right file, the account is not an obstacle but a form. This article shows the four parts of the file, explains source of funds and source of wealth, provides a document list for the US LLC and shows which documents the GCS package already includes.
21 September 202616 min
Fintech or bank? Payment providers and traditional banks compared
A payment provider opens the account online within days, a bank offers cash, credit and a contact person. This article shows what each institution can do, why Mercury, Relay or Wise suit the US LLC and how two payment routes keep you flexible.
21 September 202616 min
Why banks decline: the most common reasons and how to avoid them
An account application rarely fails because of the company, and usually because of the file. This article shows the typical stumbling blocks, from business purpose to the right provider to the source of funds, with an example of two applications by the same LLC, and explains how GCS prepares the file.
21 September 202616 min