Transferring money across borders has never been easier thanks to the growth of international banking platforms.
With many traditional banks charging exorbitant fees for international wire transfers and currency exchanges, newcomers like Jetonbank are transforming how people send funds globally.
As a fully-licensed digital bank enabling financial services worldwide, Jetonbank provides an innovative way to make fast, low-cost international payments directly from your banking account.
Can Payment Be Made via an International Banking Account?
The short answer is yes - payments can absolutely be made using an international banking account. One of the main advantages of opening an international bank account with a provider like Jetonbank is the ability to both receive and send money globally.
With an account that operates across borders, you have a single hub to manage financial transactions regardless of geography. Some of the popular payment methods that can be utilized through an international banking account include:
Payment Methods That Can Be Made with an International Banking Account
A few popular payment options available through an international banking account worth mentioning are:
International Money Transfers
Perhaps one of the most common uses of an international bank account is for international money transfers - also known as wire transfers or telegraphic transfers. Through its online banking platform, Jetonbank enables clients to send funds internationally in just a few clicks.
Transfers can be made between the account holder's Jetonbank accounts as well as to unrelated bank accounts worldwide.
Compared to traditional wire transfer services, Jetonbank offers improved exchange rates and lower transfer fees, allowing money to be sent globally in a cost-effective manner.
International Debit and Credit Card Payments
Having an internationally-compatible debit or credit card linked to the account allows purchases and payments to be made easily while traveling or shopping online from abroad.
Thanks to partnerships with major card networks, Jetonbank cards work seamlessly whether paying in euros in Europe or US dollars in America.
Cardholders also benefit from robust fraud protection and the ability to manage their cards remotely via the Jetonbank mobile app.
Direct Bank Transfers
For business clients in particular, direct bank transfers through schemes like SWIFT provide a fast and traceable way to pay international invoices and receive funds from overseas customers.
With details like BIC/SWIFT codes and IBAN numbers available for Jetonbank accounts, global banking collaborators are able to credit monies directly into a client's account.
As the bank maintains correspondent relationships with partner institutions worldwide, inward transfers are processed expeditiously.
International Bill Payments
In certain markets, Jetonbank permits clients to pay routine overseas expenses like utilities, insurance premiums or subscriptions directly from their accounts.
Using payment features within the online portal, bills can be settled with respective companies worldwide through automatic transfers in local currencies. This eliminates hassles of handling international wires each month solely for bill payment purposes.
Payroll and Pension Disbursements
If employed abroad or receiving a pension from another country, an international digital bank account simplifies receipt of salary and allowance money from overseas.
Employers and pension funds can easily transfer wages and payouts on a regular schedule whilst employees have access to funds in their home currency balance with Jetonbank.
Such automated salary credits are undoubtedly more convenient than depending on sporadic cash transfers.
Using an International Banking Account for Payments
Consider the example of a European expat living in Southeast Asia. With a Jetonbank account opened back home in Denmark and connected debit/credit cards, account holders are able to:
- Pay the Asia-based landlord monthly rent in local Thai Baht directly from the Danish account using the bank's international payments feature.
- Use the linked debit card to withdraw cash from nearby ATMs or make in-store payments while shopping around town.
- Settle her European utility bills, streaming subscriptions and online shopping spends by automatic bank transfer from the Jetonbank account balance.
- Receive monthly salary deposits from her Danish employer with ease given the international payment rails between the countries.
- Transfer pocket money to her parents' account in Poland whenever needed without relying on inconvenient wire transfers.
As seen, having an international digital bank account under Jetonbank streamlines her financial life abroad, enabling both local and cross-border transactions with ease.
Gone are the hassles of routing all expenses through a separate local bank or dealing with fees for transferring money to and from Denmark.
Can Digital Asset Payments Be Made with an International Banking Account?
The rise of digital assets has brought about new opportunities for international money movement as well.
While not all banks provide digital asset-related services just yet, Jetonbank takes a progressive approach by facilitating basic digital asset payments for its clients through partnerships with trusted exchanges.
Specifically, account holders can fund their exchange wallets for purchasing digital assets from available fiat balances with Jetonbank.
Similarly, proceeds from digital asset sales on exchanges can be transferred back into the local currency bank account. While direct digital asset deposit or withdrawal abilities are limited due to regulatory compliance factors, Jetonbank helps clients participate in this burgeoning asset class through traditional fiat rails.
Staying up to date on fintech innovations is clearly a focus for Jetonbank. Going forward, our tailored digital banking solutions may incorporate features like asset collateralized lending, interest-bearing stablecoin savings or blockchain payment networks - all helping advance how traditional institutions approach virtual currencies.
However, Jetonbank is prudent to prioritize regulatory guidelines as the digital asset realm evolves rapidly.
How to Send Money with an International Banking Account?
Sending money internationally from an account with Jetonbank can be accomplished via its convenient online and mobile application interfaces.
Here are the basic steps:
- Log in to the Jetonbank online banking portal or mobile banking app.
- Select "Transfers" and then click "International Transfer".
- Choose the currency you want to pay in as well as the destination country.
- Enter the recipient's details including name, account number and sort code/IBAN.
- Review and confirm the currency conversion rate being applied.
- Input the transfer amount and any applicable reference.
- Review, accept the terms and submit the payment order.
- Track transfer status online and receipt of funds by the recipient.
For eligible currencies and countries, transfers may even arrive within the same banking day thanks to Jetonbank's integration with global settlement networks.
Its competitive exchange rates and lack of wire fees relative to traditional banks also mean lower costs per transaction.
The key advantage an international digital bank like Jetonbank brings is centralized, versatile and low-cost money movement capabilities on a global scale.
From overseas money transfers to international payments, our unified banking solution streamlines cross-border financial tasks more conveniently than managing separate local and foreign accounts.
For expatriates, digital nomads and globally-minded businesses, Jetonbank certainly continues revolutionizing how money moves worldwide.
