Banking recommendations for your business

If you have just started your business and need a good banking service, take a look at this article.

In Globalfy, we care about your business. That's why we've created this list of digital banks where you can try applying and have a new bank account opened.

Why apply to a Digital Bank?

Digital banks can be a great alternative for companies just starting their operations, as they have fewer opening requirements compared to traditional banks, and their response times are generally faster.

Some of their benefits include:

• 100% online application process.
• Fewer opening requirements; they don't request as much documentation.
• Usually, no initial deposit is required to open the account.
• All requests are processed online, so there's no need to visit a physical bank in the US, what makes you save time and money.
• They typically offer similar services to traditional banks, such as debit cards and domestic and international bank transfers.
  
  

Banking Partners

1. Mercury Bank:

You can start your banking application with the Mercury here: mercury.com/partner/globalfy

Instructions on how to apply for the Mercury Bank here: 

Countries restricted: Afghanistan, Albania, Belarus (Republic of Belarus), Bosnia & Herzegovina, Burundi, Cambodia, Cameroon, Central African Rep Congo (the Democratic Republic of the Congo), Croatia, Cuba (Republic of Cuba), Eritrea, Haiti, Iran (Islamic Republic of Iran), Iraq, Lebanon, Liberia, Libya, Mali, Mozambique, Myanmar (Burma), Nicaragua, Nigeria, North Korea (DPRK - Democratic People’s Republic of Korea), Pakistan, Palestine, Philippines, Russia (Russian Federation), Somalia, South Sudan, Sudan (the), Syria (Syrian Arab Republic), Ukraine, Venezuela (Bolivarian Republic of), Yemen, Zimbabwe.

2. Payoneer

Countries restricted: Afghanistan, Belarus, Central African Republic, Crimea, Congo, Cuba, Democratic Republic of the, Cuba, Iran, Lebanon, Libya, North Korea, Somalia, Sudan, Syria, Venezuela, Burma (Myanmar), Eritrea, Guinea- Bissau, Kyrgyzstan, Turkmenistan and Yemen.

For instructions on how to apply to Payoneer as a Globalfy customer, please click here.

3. Revolut

Countries accepted: Majority of the European countries and the U.K. Mexico, Brazil, Canada, India, Israel, Japan, New Zealand, and Australia

For instructions on how to apply to Revolut as a Globalfy customer, please click here.

In case your account application is not approved by the previous banks, we have put together a list of high-quality digital bank options where you can also apply to open your account.

• WISE
  Countries restricted: Afghanistan, Belarus, Burundi, Central African Republic, Chad, Congo, Cuba, Democratic Republic of the Congo, Cuba, Crimea, Eritrea, Iran, Iraq, North Korea, Libya, Somalia, Republic of South Sudan, Russia, Sudan, Syria, Venezuela, Burma (Myanmar), Ukraine and Yemen.
• AIRWALLEX
  Cannot onboard UBO/directors that reside in Russia or Belarus (country of residence only)
• TRYJEEVES
  Countries restricted: Cuba, Iran, North Korea, Syria, Crimea and Ukraine.
• BREX
  No list of restrictions found

Applications to all listed banks are subject to approval.