A dedicated corporate IBAN account is an international bank account designed specifically for businesses, which provides many benefits to the organization. However, due to the large number of alternatives on the market, it can be difficult to choose the right provider. Here are some tips on how to choose the ideal provider for this specialized financial service.
Security level and regulatory compliance
When choosing a provider of corporate IBAN accounts, it is advisable to verify the level of security of the provider’s platform. By having strict security measures in place, the platform will offer a higher level of security against attacks that may affect the financial resources or personal information of its users.
This evaluation can be carried out by verifying whether the provider complies with the different standards of the financial industry, data protection regulations, and anti-money laundering laws. This type of information can be obtained by visiting the company’s official website or by requesting such information from the provider itself, in this way it will be possible to know what security measures the platform has in place, especially to protect the financial and personal data of its users.
It is also important to verify if the provider is registered in its respective jurisdiction and if it complies with the different local rules and regulations, as this will ensure that the entity has a certain level of oversight, which means that the platform will have a certain level of quality and security.
User-friendly and easy-to-use interface
It is advisable to evaluate the ease of use and accessibility of the platform. If the platform has many functions and tools, but is very difficult to use, then we will not be able to take full advantage of its potential.
It is essential that the platform is intuitive, as this will allow more people to use it and have a more positive experience with the platform. We must take into account that a platform with a good user interface will facilitate the management of dedicated corporate IBAN accounts, optimizing the company’s time and resources.
Costs and fees
In order to choose the ideal dedicated corporate IBAN account service provider, it is advisable to evaluate and compare transaction fees, operating costs, currency conversion rates, and hidden charges. It should be taken into account that each financial service provider tends to handle different fees for each operation or service; for this reason, it is advisable to review what are the main fees and commissions of the platform, since in this way we can choose the most profitable option and that best suits the needs of the company.
It is important to note that most companies have a public section of fees or operating costs. For example, in the case of Pilsenga, on its official website, there is a special section where you can see the different IBAN account fees.
Types of currencies
One of the main advantages of having a corporate IBAN account is the ease of sending and receiving international payments; therefore, in order to choose the ideal provider, it is advisable to evaluate the support offered by the provider for the different types of currencies. This is important since the company must know if the provider supports the currencies of interest, especially to be able to carry out transactions in the markets where it operates since multicurrency flexibility is essential for the international transactions of any type of company.
Customer service and support
It is recommended that you evaluate the level of quality of customer service and support offered by the provider, as this will give you a better idea of what the experience will be like when using this financial service. The more responsive the service and support, the better the user experience. This evaluation also allows us to know if the provider will have the capacity to solve any situation or problem that may arise in the future or if it really has the capacity to respond to any doubt that may arise related to the operation of the platform or operations of the dedicated corporate IBAN account.
To evaluate this point, we can contact us through the different official channels of the supplier; after receiving a response, we can evaluate our experience by asking the following questions:
- How long did it take to get back to us?
- Did a real person or a program/bot respond?
- What is the level of quality and concentration of the response received?
- Did the person who answered us use our language?
- Do they try to change the communication channel when responding?
- Was communication maintained on the same channel?
- Did the response we received meet our expectations?
As we can see, through these questions we can determine if the customer service has certain quality standards and, above all, if it will meet our expectations. We must take into account that no matter how complete and advanced a platform is, if its support or customer service is deficient, then we will not have a positive experience with the service and we will not be able to take full advantage of the full potential of the platform.
What do you think about this topic? Would you like to learn more about the dedicated IBAN account service for companies?
If you are interested in Pilsenga’s products or services (including dedicated IBAN accounts for companies), you can contact us by visiting the following link.
