As global trade grows, more and more businesses are discovering the need to conduct international money transfers to buy and sell goods, pay contractors and employees, and expand operations across borders.
Whether you're just starting out or have been in business for years, learning how to facilitate easy and affordable cross-border financial transactions is essential for taking advantage of global opportunities.
An online money transfer service provided by a global digital banking platform like Jetonbank can help streamline your payments and unlock new markets.
In this article, we'll explore how companies of all sizes can benefit from sending money online internationally using a specialized international bank account.
We'll also look at some important factors to consider when choosing an account provider and tips for maximizing the advantages of cross-border wire transfers.
By the end, you'll understand why making international money transfers is a worthwhile investment for any business interested in growth.
How to Grow Your Business by Making International Money Transfers?
One of the key ways international money transfers can boost your business is by simplifying global sales and purchases.
Whether you're exporting goods to new customers overseas or sourcing materials from international vendors, the ability to easily pay and get paid in multiple currencies is hugely valuable.
Instead of dealing with complicated foreign transaction fees from domestic banks or relying on slow and risky methods like cash and checks, you can use a dedicated international bank account for money transfers to quickly and affordably wire funds anywhere in the world.
This improved payment process opens up a huge number of untapped markets. By making sending money online internationally through wire transfers a seamless process, you have the tools to approach any customer or supplier regardless of location.
The cost savings from mid-market currency exchange rates and competitive wire fees also mean retaining more of each transaction's value. These benefits directly translate to increased revenue potential as you gain access to a truly global customer base and supply chain.
How to Grow Small Businesses by Making International Money Transfers?
Even micro-businesses and sole proprietors can take advantage of international money transfers to expand.
Whether you're a freelancer looking to find projects abroad, an artisan selling crafts to an international audience, or an online retailer shipping worldwide, the ability to accept payments and pay foreign partners in their local currency is invaluable.
Instead of limiting yourself to the domestic market, a specialized account allows full participation in the global digital economy.
Let's say you're an independent graphic designer based in Canada but recently landed a contract with a client in Italy.
With just a few clicks in your online international banking account, you can generate an invoice in euros and have the funds deposited directly without having to worry about costly currency conversion fees from your local bank.
That means keeping more of each job's budget to reinvest back into your business.
For very small operators, an account offering features like multi-currency wallets, payment notifications, and built-in currency exchanges removes a major roadblock to international expansion.
Having all the payment infrastructure handled by your banking provider allows sole proprietors to focus maximum energy on attracting more clients worldwide instead of wrestling with international finance.
Which Bank Account Should Be Opened to Make International Money Transfers?
When selecting a bank for international money transfers, one of the top considerations should be a provider built specifically for digital cross-border needs like Jetonbank.
As a global digital bank authorized under the prudential supervision of the Financial Services Unit, Jetonbank offers services tailored to both individual and commercial clients conducting financial activity internationally.
Thanks to its fully online and mobile-first design, Jetonbank eliminates geographic barriers and provides clients true global accessibility 24/7 wherever they are. Perhaps most importantly for businesses, Jetonbank specializes in international wire transfers with low, transparent fees and mid-market exchange rates on over 50 supported currencies.
Clients can send and receive funds from one account to bank accounts worldwide in just a few clicks from their computers or smartphones.
With money-transfer infrastructure set up natively for cross-border payments, a bank optimized for digital global commerce like Jetonbank outperforms traditional local banks that tack on additional international charges.
Jetonbank's combination of competitive prices, extensive currency coverage, and borderless online banking platform make it the best choice for companies serious about growing internationally through optimized financial transactions.
How Much is the Fee for Making International Money Transfers?
Fees can differ between providers and destinations, but in general, clients can expect very competitive prices when sending international wires through Jetonbank.
With transparent, bundled pricing and no hidden surcharges, businesses have full visibility into transfer costs upfront.
For example, sending €1,000 EUR to a recipient in Germany might incur a total fee of €10-15 when using Jetonbank thanks to mid-market exchange rates and inclusive wire service charges. Meanwhile a larger €10,000 transfer would see rates around €25-35.
Compared to domestic banks which regularly charge €30-50 or more for similar international wires plus additional currency conversion markups, Jetonbank offers significant savings.
The bank's money transfer fees also remain static regardless of recipient location. So a €1,000 payment to India faces the same low fees as a transfer within Europe.
This uniform pricing model on transfers worldwide is highly advantageous for companies engaging globally at scale.
A Jetonbank account delivers transparency, affordability and certainty to every international financial transaction made, maximizing the value retained on each cross-border wire.
Send Money Internationally With an International Banking Account
For businesses looking to facilitate frequent international money transfers, signing up for a dedicated international bank account is the ideal first step.
Jetonbank provides optimized corporate bank accounts tailored to commercial clients involved in global financial activity.
With just a few documents, companies of all sizes can open a business account with full online and mobile banking access plus all the features necessary to make secure international wires anytime, anywhere.
Once activated, account holders gain the ability to easily conduct online money transfers to fulfill payments, receive funds from global customers, and manage multi-currency holdings.
The bank's free currency exchange services allow converting between over 50 world currencies at mid-market rates with no added fees. Jetonbank also supports popular international payment methods like wire transfers, debit cards, and banking integrations - so shops can pay suppliers abroad through their preferred channels.
By digitizing global finances, Jetonbank empowers companies to capitalize on lucrative cross-border opportunities instead of struggling with international barriers.
An instant-to-set-up corporate account provides a centralized international hub for optimized business money transfers to facilitate growth on a truly global scale.
As this article illustrates, leveraging international money transfers is crucial for businesses of any size venturing outside domestic borders.
Whether you currently ship products worldwide or are simply exploring new international customers, the ability to easily receive and disburse funds globally lowers costs and opens entire new revenue streams.
By establishing a specialized international bank account tailored for digital global activity like Jetonbank, companies gain a single financial solution clearing a major roadblock to expansion.
With Jetonbank handling optimized currency exchange, affordable money transfers, and customized virtual banking infrastructure, businesses stay focused on their core strengths instead of wrestling with inefficient foreign payment systems.
Jetonbank truly helps companies of all sizes lower transfer fees and simplify international growth through optimized and scalable cross-border payments.
