Our Solutions

We offer over 40 corporate banking solutions in the EU, designed to meet a diverse range of needs. Our dedicated team continually strengthens relationships with numerous EU and Non-EU licensed banks and EMIs, ensuring you have access to the best options available.

Services and Expertise

• Comprehensive Banking Solutions: Access to a wide array of local and international banks, EMIs, and payment gateway providers.
• Customized Banking Strategies: We identify banking options that align seamlessly with your company’s activities and requirements.
• Dedicated Support: Arrange personalized calls and meetings with our extensive banking network to facilitate smooth communication.
• Onboarding Assistance: Expert compilation and review of all necessary bank onboarding documents and procedures to streamline the process.
• Ongoing Compliance Support: Guidance on meeting regulatory requirements to maintain good standing with financial institutions.

Banking Network Services

Our extensive network offers a multitude of services to cater to your unique business needs:

• High-Risk Industry Acceptance: Banks that are open to servicing high-risk industries and activities.
• Advanced Online Banking: Secure online banking platforms that support multiple users with varying access levels.
• Efficient Onboarding: Simplified online application processes for quicker account setup.
• Flexible Card Solutions: Credit, prepaid, and debit cards with customizable features to suit your spending habits.
• Multi-Currency Support: Handling of multiple currencies, including EUR, USD, and GBP, to facilitate international transactions.
• Personalized IBANs: Provision of real and virtual IBANs under your company name for credibility and ease of transactions.
• Competitive Fees: Low-cost incoming and outgoing transaction fees to optimize your financial operations.
• Diverse Payment Networks: Access to SEPA, SWIFT, Non-SEPA, and other local payment networks for global reach.
• API Integration: Seamless integration with your existing systems through advanced API functionalities.

IBAN Solutions

An International Bank Account Number (IBAN) is a critical component in modern banking, essential for identifying the country, bank, and account number involved in transactions. This system enhances the accuracy and efficiency of transfers, reducing errors and delays. E&S prioritizes partnerships with EU banks and EMIs that offer EURO IBAN facilities. Through our network, we provide both real and virtual IBANs, as well as linked IBANs for segregated accounts, giving you flexibility and control over your finances.

Our Process

At E&S, your banking solution is our top priority. We recognize that for your business to thrive, you need a banking partner that not only understands your current operations but also supports your future growth plans. The increasing regulations and de-risking policies of EU banks have made opening an operational account more complex than ever. Our proactive approach and strong relationships with EU licensed banks, EMIs, and payment gateways enable us to navigate these challenges effectively.

Initial Information Required

To tailor the most suitable banking solution for you, we begin by gathering essential information:

• Business Activity: A detailed understanding of your company’s operations and industry.
• Jurisdiction of Incorporated Company: The legal domicile of your company, which affects regulatory and compliance considerations.
• Ultimate Beneficial Owner (UBO) Jurisdiction: The residency and nationality of the individuals who ultimately own or control the company.

This information allows us to identify banking options with the highest likelihood of acceptance, ensuring a more efficient and cost-effective process. Our method eliminates unnecessary waiting periods and expenses, allowing you to focus on what matters most—growing your business.

Why Choose E&S

With decades of combined experience in the banking and financial services sector, our team possesses the expertise needed to navigate the intricate landscape of international banking regulations. We are committed to providing:

• Expertise: Deep knowledge of banking requirements across various jurisdictions.
• Authority: Strong relationships with a wide network of banks and financial institutions.
• Trustworthiness: A proven track record of successfully securing banking solutions for clients.
• Experience: Hands-on experience with a diverse clientele, from startups to established corporations.

Our commitment to excellence ensures that you receive not just a banking solution, but the right banking solution tailored to your unique needs.

Open your Company Bank Account Today

Additional Services

Beyond banking solutions, E&S offers a comprehensive suite of services to support your business:

• Company Formation: Assistance with setting up companies in various jurisdictions.
• Regulatory Compliance: Guidance on meeting all legal and regulatory requirements in your operating regions.
• Tax Advisory: Expert advice on optimizing your tax position while ensuring compliance.
• Corporate Services: Ongoing administrative support, including accounting, auditing, and secretarial services.
• Legal Consultation: Access to legal professionals specializing in corporate, financial, and international law.

Contact Us

We’re here to help your business reach new heights. Let us find the most appropriate banking solution for you.

• Email: info@ellulschranz.com
• Client Relationship Manager: Deborah Vella (Connect on LinkedIn)
• Phone: +356 2010 3020

Frequently Asked Questions (FAQs)

1. What types of bank accounts can E&S help me open?

We assist in opening various types of bank accounts, including:

• Corporate Operational Accounts: For day-to-day business transactions.
• Personal Accounts: For individual banking needs.
• Multi-Currency Accounts: To handle transactions in multiple currencies.
• EMI Accounts: Accounts with Electronic Money Institutions for innovative payment solutions.

2. Can E&S help if my business is in a high-risk industry?

Yes, we work with banks and EMIs that accept high-risk industries and activities. Our extensive network allows us to find suitable banking solutions tailored to your specific industry needs.

3. What documents are required to open a bank account?

While requirements vary by institution, common documents include:

• Company Incorporation Documents: Certificates, Memorandum, and Articles of Association.
• Identification Documents: Passports or ID cards for directors, shareholders, and UBOs.
• Proof of Address: Recent utility bills or bank statements.
• Business Plan: Detailed description of business activities.
• Financial Statements: Previous accounts or forecasts for new companies.

We assist you in compiling and reviewing all necessary documentation.

4. How long does it take to open a bank account?

The timeline varies based on the bank and the completeness of your documentation. On average, the process takes between 2 to 6 weeks. We strive to expedite the process by ensuring all requirements are met promptly.

5. Can you help with accounts in multiple currencies?

Absolutely. We partner with banks and EMIs that offer accounts in various currencies, including EUR, USD, GBP, and more, facilitating international transactions and reducing currency conversion fees.

6. What is an IBAN, and why is it important?

An International Bank Account Number (IBAN) is a standardized code that uniquely identifies an account across borders. It ensures accurate and efficient international transfers by specifying:

• Country Code
• Bank Identifier
• Account Number

Having an IBAN simplifies receiving and sending payments globally.

7. Do you offer virtual IBANs?

Yes, through our network, we provide both real and virtual IBANs. Virtual IBANs allow you to manage multiple accounts under a primary account, enhancing reconciliation and payment processing.

8. What are the benefits of using an EMI over a traditional bank?

EMIs often offer:

• Faster Onboarding: Quicker account setup processes.
• Flexible Requirements: Less stringent documentation.
• Technological Advantages: Advanced online platforms and API integrations.
• Global Accessibility: Easier international transactions and currency handling.

9. How does E&S increase the chances of my account being accepted?

We enhance acceptance chances by:

• Pre-Screening: Assessing your business activity and compliance readiness.
• Customized Matching: Aligning your profile with suitable banks or EMIs.
• Documentation Support: Ensuring all paperwork meets regulatory standards.
• Leveraging Relationships: Utilizing our connections to advocate on your behalf.

10. Are there any hidden fees in your services?

No, we maintain transparency in our fee structure. All costs are communicated upfront, and we detail any fees charged by banks or EMIs during the application process.

11. Can you assist with payment gateway integration?

Yes, we can connect you with reputable payment gateway providers that suit your business model, aiding in seamless online payment processing.

12. Do you provide ongoing support after the account is opened?

Absolutely. Our services include:

• Post-Opening Assistance: Helping with any banking issues or changes.
• Compliance Updates: Keeping you informed about regulatory changes.
• Additional Services: Offering support in areas like tax advisory, legal consultation, and corporate services.

13. What is the process to get started with E&S?

To begin:

1. Contact Us: Reach out via email at info@ellulschranz.com or connect with Deborah Vella on LinkedIn.
2. Initial Consultation: We discuss your needs and gather necessary information.
3. Proposal: Present suitable banking options and outline our services.
4. Documentation: Assist you in preparing required documents.
5. Application Submission: Guide you through the application process with the selected bank or EMI.
6. Account Opening: Support you until your account is successfully opened.

14. Can you help with regulatory compliance and due diligence?

Yes, we provide:

• Compliance Guidance: Ensuring adherence to local and international regulations.
• Due Diligence Support: Assisting in fulfilling all KYC (Know Your Customer) and AML (Anti-Money Laundering) requirements.

15. Is my information kept confidential?

Absolutely. We adhere to strict confidentiality protocols and comply with data protection laws to safeguard your personal and business information.

16. Do you assist individuals as well as businesses?

While our primary focus is on corporate clients, we also assist individuals, especially in scenarios involving:

• International Personal Accounts
• High-Net-Worth Individuals
• Expatriate Banking Needs

17. What industries do you specialize in?

We cater to a wide range of industries, including:

• Finance and FinTech
• E-Commerce and Online Businesses
• Blockchain and Cryptocurrency
• Gaming and Betting
• Import/Export and Trade
• Consultancy and Professional Services

18. Can you help if my company is newly incorporated?

Yes, we assist startups and newly formed companies. We understand the challenges faced by new businesses and tailor our services to help you establish a strong banking foundation.

19. Do you provide services globally or only within the EU?

Our network spans globally. While we have a strong presence in the EU, we also have relationships with Non-EU banks and EMIs, allowing us to offer international banking solutions.

20. How do you handle changes in banking regulations?

Our team:

• Stays Informed: Regularly monitors regulatory changes.
• Proactive Communication: Updates clients on any changes that may affect them.
• Adaptive Strategies: Adjusts our approaches to ensure continued compliance and service effectiveness.

21. Are virtual bank accounts secure?

Yes, virtual bank accounts offered through reputable EMIs are secure and regulated. They provide the same level of security as traditional bank accounts, adhering to stringent compliance and data protection standards.

22. What if my bank account application is declined?

If an application is declined, we will:

• Analyze the Reasons: Understand why the application was unsuccessful.
• Alternative Solutions: Identify other suitable banks or EMIs.
• Adjust Strategies: Modify the application approach or documentation as needed.

Our goal is to find a viable banking solution for you.

23. Can you assist with merchant accounts for credit card processing?

Yes, we can help you establish merchant accounts, enabling your business to accept credit card payments online or in-store, depending on your needs.

24. Do you offer assistance with account maintenance and administration?

We provide ongoing support for account maintenance, including:

• Administrative Tasks: Assistance with account updates or changes.
• Transaction Monitoring: Guidance on managing large or unusual transactions.
• Liaison Services: Communicating with the bank on your behalf when necessary.

25. How competitive are the fees with the banks and EMIs you work with?

We collaborate with institutions that offer competitive fee structures, including:

• Low Transaction Fees
• Reasonable Account Maintenance Charges
• Transparent Pricing

We aim to minimize your banking costs while maximizing service quality.

26. What currencies can I hold in my multi-currency account?

Depending on the bank or EMI, you can hold and transact in various currencies, such as:

• Euro (EUR)
• US Dollar (USD)
• British Pound Sterling (GBP)
• Swiss Franc (CHF)
• Australian Dollar (AUD)
• Canadian Dollar (CAD)
• Others upon request

27. Can I manage my account online?

Yes, most of our banking partners offer advanced online banking platforms, allowing you to:

• View Account Balances
• Initiate Transfers
• Manage Multiple Users
• Access Statements
• Utilize Mobile Banking Apps

28. Is there a minimum deposit requirement?

Minimum deposit requirements vary by institution. Some banks may require a minimum initial deposit, while others, particularly EMIs, may have more flexible terms. We will inform you of any such requirements during the selection process.

29. Do you assist with opening accounts for trusts or foundations?

Yes, we can assist with opening bank accounts for various legal entities, including trusts, foundations, and special purpose vehicles (SPVs).

30. How does API integration benefit my business?

API integration allows your systems to communicate directly with the bank’s systems, enabling:

• Real-Time Transaction Data
• Automated Reconciliation
• Streamlined Payment Processes
• Enhanced Security Measures

This is particularly beneficial for businesses with high transaction volumes or those requiring customized financial solutions.