Could your Australian or New Zealand based business benefit from accessing EUR currency account details to collect, convert and make payments? Europe is one of the most important regions for businesses globally with a population of approximately 750M, many businesses in Australia and New Zealand have a relationship with the region.
How could your business benefit from local EUR currency account details?
As a business located on the other side of the world, it can be very difficult to open up a business account in Europe. By accessing local account details, you can invoice in local currency and add the EUR details to your marketplace account like Amazon. The benefit of this can be faster collection of your international payments while saving your customers the need to make an FX payment, and you’ll benefit from market-leading exchange rates when making a currency exchange.
You’ll be doing global business like a local.
What’s included in EUR account details?
EUR currency account details include:
- Bank name
- IBAN
- Swift code
How to open a EUR account with WorldFirst
- Sign up to a free World Account online in just a few minutes.
- Complete our on-boarding process where we get to know your business.
- We will instantly issue your EUR account. You can open as many as you like and we can also open accounts in USD, GBP, AUD, NZD, JPY, SGD, HKD, CNH and CAD.
- You provide your local EUR currency account details to business stakeholders such as customers on invoices, marketplace accounts and to your business partners.
- Once you have EUR in your account, you can repatriate at market-leading exchange rates or make same-currency payments direct from your account. Transfers can be online or through your dedicated account manager.
Our accounts are made for the collection of global funds relating to your business and a not made for long-term storing of funds.
How digital marketing agency ClickedOn saves with World Account
Chris Minehan, CEO of ClickedOn, has been using World Account for 12 months.
“As a digital agency with clients, partners and staff around the world, we benefit from accessing local banks accounts in many currencies. Having local currency account details for our clients to pay into gives comfort to our global clients that we are established in their local market. We currently use World Account to invoice in local currency in EUR, USD, NZD and GBP which we have integrated with our accounting system Xero”.
“By invoicing our clients in local currency, we’re providing a smoother payments experience for our overseas customers. We also re-use the funds we collect to pay staff and agencies we work with overseas in local currency, so they’re getting paid faster and we’re making fewer international payments overall. When we do send our funds back to Australia, we are getting much better rates. So it is easier for our clients, and easier and cheaper for ClickedOn”.
Learn more about World Account
These comments are the views and opinions of the author and should not be construed as advice. You should act using your own information and judgement.
Whilst information has been obtained from and is based upon multiple sources the author believes to be reliable, we do not guarantee its accuracy and it may be incomplete or condensed.
All opinions and estimates constitute the author’s own judgement as of the date of the briefing and are subject to change without notice.
Please consider FX derivatives are high risk, provide volatile returns and do not guarantee profits.