Tuesday, March 8, 2022

Business Account: Reasons to Open it and Benefits

For many merchants in Europe, an online account became a powerful tool to rule the business and do it fast and efficiently. Compared to a traditional banking system such a business account provides lots of benefits.

To begin with, in order to open it you do not need to go anywhere – everything can be easily done via the Internet. Let’s begin our discussion with the reasons to open a business account and then let’s see what are the advantages of using it.

Do I need a business account?


Open a business account if you want to expand your company, do it professionally and save Money. The main reasons are the following:
A business account does not include your personal expenses

While the company is new, there are not so many transactions and the businessmen often do them through their personal cards and accounts. 

However, managing a big company together with personal expenses is not a good idea. Think about the future and a separate business account from the start.

A business account is professional


Open a business account in order to build a good image. Your clients and customers will pay attention to this fact because it is additional evidence of the reliability of the company.

It provides protection of the personal identity


Generally, most of the transactions are done through a business account. That makes increases the risk of fraudulent activities or other similar situations. With a dedicated account for business, you’ll definitely keep safe personal data.

Acceptance of the payments with credit cards


Using a dedicated business account, you can accept credit cards and the most modern methods of payments without no limits in order to expand your business. That is an important issue for Europe, for example, for Germany, where customers prefer such transactions.




Simple procedure for tax preparation and analysis of the activity


Open a business account to have quick and easy access to all the information about your transactions. That simplifies the management of the company and saves time. Moreover, such modern systems as Genome Account are able to prepare in-depth reports and analyze all the activities in order to help you to grow the business.

Genome online account: benefits


Your business account may become quite useful depending on the features and special tools that it provides. For example, together with a Genome Account, you’ll find out the following advantages:

Multiple IBANs


Here you can create more than one IBAN easily and add up to 15 accounts. As for the currencies, you can use EUR and USD and then convert Money if necessary. Transfer money between the accounts without any problems.

Favorable rates


Transfer money and exchange them instantly with a low fee. All the prices are transparent and reasonable. You’ll always know for what you pay.

Templates for convenient payments


Using our online account, you’ll be able to send money via SEPA and SWIFT all over the world and make fast transfers inside the system. Convenient payment templates provide the possibility to Transfer money in one click.

Shared access to the business account


Your partners and employees can get the needed level of access to the online account. You will assign roles and levels for control. Restrictions are always available.

Deep analytics


Open a business account to generate statements and reports with in-depth analytics in a few clicks. You’ll always control the transactions and understand what is happening inside the system and how you can improve it.

Real-time notifications


Money of the company can be overseen in one place – through the dedicated business account. Also, we provide an app that will give you all the data instantly. Therefore, due to such an online account, you do not need to worry that something important is missing.

How to create your own business account?


Using a Genome system in Germany and other European countries you can open an online account in EUR or USD in a few steps:

  1. Visit our website, register, and select a business wallet type.
  2. Follow the verification procedure.
  3. Fill in the needed information about the company.

Transfer money and do all other transactions swiftly and with zero bureaucracy. Money is going to be safe due to the high fraud-protection and safety measures. We will assist you and help with all issues to provide the greatest experience and enjoyable management of the business account.


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