Currency control for your business

Any business involves a large number of currency transactions. At the same time, if you have foreign partners, you will have to work with several types of this very currency, most often we are talking about dollars and euros.

However, you will need to open a certain number of accounts at the bank and carefully monitor all operations, timely comply with the requirements of current legislation, keep records and so on.It is best to open an account with one of the private banks, as the attention to customers in this case is much more than when it comes to public financial institutions. Do not be afraid of private banks, just try to choose an institution that has been operating in the market for a long time and has a developed network of branches and a large number of regular customers. This is a kind of guarantee of reliability for such organizations. However, sometimes a bank may have only one office, but at the same time offer you excellent conditions, for example, favorable interest on deposits and support of all operations. Continue reading →