Updated time: Jun 10, 2020, 07:20 (UTC+03:00)
Europe is inherently a potential economic market, which leads to the increasing demand of IBAN current accounts opening in order to pay bills, spend money, travel or trade in Euros throughout Europe and more. However, people are still struggling when choosing to open a suitable and convenient personal IBAN account.
For many people, “IBAN” is still a rather unfamiliar concept. However, if you are in need of doing transactions in Europe, then you certainly can not ignore what it is. IBAN stands for International Bank Account Number which is an international account number regulated by the European Committee for Banking Standards and the International Organization for Standardization (ISO), with the aim of limiting risks and minimizing fraud in money transfers within the European community.
The IBAN number is a 22-digit sequence of numbers. According to statistics, as of August 2017, there are more than 70 countries officially applying and using IBAN. The Euro IBAN account for individuals or cardholders is also known as Personal Account making payments in Euro currency. And it is only accepted through the SEPA Credit Transfer (SCT) which was introduced in 2008.
Today, there are higher needs of financial transactions within the European network, such as transferring money to children for schooling or spending, transferring and receiving money for friends or relatives, etc. Therefore, the concept of SEPA (Single Euro Payment Area) was created to reinforce and unify the rules for one single method of money transfer between countries, while minimizing the risk of bank transfers between accounts.
At DSBC Financial Europe (“DSBC”), you can enjoy all the benefits of an European IBAN account without setting up a European entity. A digital banking solution provides simpler remittance and cash management with lower fees. Especially, there’s totally FREE when opening a personal account or multi-currency current account at DSBC. With this account, individuals can receive and send the money, exchange currencies and spend anywhere, anytime with a DSBC Debit or Prepaid Mastercard, even online or offline.
By clicking Open an account, you can open an European personal account everywhere in the world. Not only can you make instant cross-border payments but also any companies or banks across the globe can fund your account in multi currencies. Click here to learn more about DSBC Personal Account.
All you need to do to discover all features of DSBC personal account is:
In Type of DSBC Financial Europe account, choose “Personal Account”. Then, you can choose the add-on service “Open a Debit/ Prepaid Card” or not. And click “Next”.
Fill in all your Personal Information, agree with our Terms and Conditions. Then, click “Next”.
Successful Registration. You will receive an email confirmation about opening a free euro iban account right away. Our Relationship Managers will contact you soon to give more instructions before your account has been activated in 1 or 2 working days.
DSBC Financial Europe is a global financial institution payment which provides all financial solutions for your business through remittance, foreign exchange, card issuance, merchant account payment services and international banking. We are constantly improving everyday to provide the safest payment services and the most wonderful experience for you. Any questions should be answered, please contact us.
Address: Lvovo str. 25, Mažoji bure, 15th floor, LT-09320, Vilnius Lithuania.
Hotline: + 370 5 240 5555
Email: [email protected]
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We are always proud of being an experienced Financial Institution in the global financial payment market.
We provide the best payment platform as well as worldwide money remittance service. DNBC Financial Group can assist you with different payment methods, whether it is a personal account or a business account.