BUSINESS BANKING 
STARTER GUIDE 
 
Published by ​GlobalBanks.com 
 

 
 
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error, either at source or during production, GlobalBanks.com accepts no liability whatsoever for any loss or damage resulting from 
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be considered personalized advice.   

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CONTENTS 
INTRODUCTION 3 

BUSINESS BANKING 101 5 

BENEFITS OF INTERNATIONAL BUSINESS BANKING 6 

REDUCE BUSINESS EXPENSES 6 

ACCEPTING OF HIGH-RISK BUSINESSES 7 

TAILORED TO YOUR INTERNATIONAL NEEDS 8 

ENHANCED ASSET PROTECTION 9 

HOW TO OPEN BUSINESS ACCOUNTS 10 

INTERNATIONAL BANK ACCOUNT OPENING 11 

START OPENING ACCOUNTS TODAY 14 

   

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INTRODUCTION 
Thank you for joining the ​GlobalBanks Newsletter​ and downloading your copy 
of the ​Businesses Banking Starter Guide​.  

Most people that download this report, do so for a few key reasons. The first 
is that they realize how difficult it is to open international & offshore bank 
accounts for businesses. 

You see, it wasn’t always this way. Opening accounts, even for international 
or offshore companies, used to be significantly easier. But changes in 
regulations, compliance, and even internal bank policies have made it more 
difficult.  

In fact, these changes have even had a dramatic impact on sending money, 
receiving payments, or even ​keeping​ bank accounts open. And these 
transactional problems tend to be the second reason why people download 
this report. 

If either of these scenarios sound familiar, you’re not alone. 

Thanks to sweeping information sharing agreements, banks are being forced 

to walk on eggshells when it comes to accepting and managing new clients.  

This has resulted in bankers and their bosses living in fear. One misstep can 
cost a bank millions in fines, result in international investigations, or worse… 
a complete shutdown. 

Today, the international banking community is frozen by the burden of over 

compliance and “​know your customer​” (​KYC​) procedures.  

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In fact, these regulations have become so overbearing and expensive to 
maintain, that in some instances banks have even been forced to close their 
doors to certain clients altogether. 

Why has this happened? Why does banking have to be so hard? And how can 
businesses with legitimate international banking needs still access the bank 
accounts they need? 

The popular spin, if you listen to international lawmakers or Hollywood, is 

that this is all the fault of shady characters hiding money in offshore 
accounts, moving money through private companies scattered around the 
Caribbean. 

But that’s just not true, at least not anymore. Unfortunately, this “​offshore”​  
narrative is making it more difficult for legitimate businesses to open 
accounts and access the services they need. 

And that’s why this report matters. It exists to provide a service to businesses 
seeking diversification of their assets and reliable banking solutions, and 
payment processing. 

This report, like all others from ​GlobalBanks​, is based on the extensive 
experience of our team helping businesses just like you discover & access 
great banking options.  

Over the last decade we’ve spent thousands of hours researching banks, 
meeting with bankers, and collecting first hand experiences to better inform 
account opening practices for businesses. 

We did this because we needed better banking options for ourselves, 

because we wanted to find bankers that cared, and were in need of accounts 
that were not going to be closed on a whim for our businesses. 

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This report is the starting point for business banking. In other words, it’s just 
the beginning.  

When you’re ready to take the next step and start opening international & 
offshore bank accounts for business by unlocking proven strategies tailored 
to your needs, we’re here to help you.  

We’ll even share direct contact details for bankers that cater to businesses 
like yours, and tell you which banks are best suited to your needs. 

You’ll receive all of this (​and much more​) when you become a ​GlobalBanks 
Insider​. But for now, let's dive into the ​Business Banking Starter Guide​ and get 
you on the way to accessing better banks for your business. 

BUSINESS BANKING 101 

When it comes to banking for business, finding the right bank account can 
reduce costs, offer you better security, and provide a wider range of banking 
services. 

That means your business’ money is safer, more accessible, and ready to 
support you and your business when you need it most.  

This might include covering expenses during emergencies, taking advantage 

of market opportunities, or funding an expansion of your operations. 

Whatever the reason, with better banks, your money will be available to 
support your business.  

While there are banks to choose from in every country, certain banks are 
better suited to your business needs than others.  

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And many of the best options can be found in international & offshore 
banking jurisdictions, not developed western countries like the US, Canada, 
or in Europe. 

But choosing the right banks also means knowing which specific benefits 
you’re trying to capture… 

BENEFITS OF INTERNATIONAL BUSINESS 

BANKING 
In this section, we’re going to talk about the most important benefits that 
your business can immediately access through international bank accounts. 

And while these benefits are available to any business, certain businesses will 
be able to benefit more than others. 

For instance, if you run a business that has cross-border operations, you’re 
going to be in a position to benefit more than most. 

But even if your business operates in a single country, using just one 
currency, there are still a wide range of benefits to capture. 

Reduce Business Expenses 

An offshore or international bank account helps businesses keep costs down 
by making funds available in their operating currencies. They can also result 
in decreased foreign exchange rates and transfer costs. 

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For example​: If a Canadian company that banks in Canada needs to pay US 
dollars for business expenses and the CAD plummets against the USD, the 
Canadian company would have to pay considerably more for those expenses. 

So while the Canadian company may have a USD account at its Canadian 
bank, Canadian banks also have unfavorable currency exchange rates and 
fees. 

If, instead, the Canadian company had opened a USD account at a US bank 
(an offshore bank account), they could reduce their currency risk, achieve 
favorable exchange rates from USD to CAD, and enjoy the USD appreciation 
against CAD.  

Those owners that take the time to identify banks with the best rates for 
their operating currencies will save money and protect their businesses 
from such currency fluctuations. 

Accepting of High-Risk Businesses 

Although banks in onshore jurisdictions ​(like your home country​) are less likely 
to welcome clients in high-risk industries, it’s not uncommon for 
international & offshore banks to be open to these high-risk businesses. 

In fact, as you start to explore international banking further, you may 

discover that certain jurisdictions actually cater to specific high-risk 
industries.  

For example:​   

Businesses engaged in online gambling might look to Cyprus, Malta, or the 

Isle of Man for account opening. These are jurisdictions that deal with, and 
therefore understand, gambling businesses. 

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On the other hand, crypto businesses might seek out jurisdictions that are 
comfortable with crypto as a source of wealth. This might include 
Switzerland, Bermuda, Malta, or the US. 

Alternatively, businesses engaged in other high-risk industries might find 

Mauritius more accommodating to their banking needs.  

And those in adult entertainment, gaming, cannabis, pharmaceutical 

products, or high-volume Amazon FBA might be attracted to different 
banking jurisdictions altogether.  

Why does this matter?  

Because, by choosing an offshore banking jurisdiction that understands your 

business type you are less prone to account closures and freezes.  

This is because the bank and bankers will understand your industry and are 
comfortable dealing with individuals engaged in such business activities. 

In other words, you get the benefit of not only opening accounts and 
accessing the services you need, but also having an open and supportive 
relationship with your bank. 

Tailored to Your International Needs 

Opening a bank account for a business that is registered abroad is becoming 
increasingly difficult.  

Yes, account opening for a large and established foreign company is easy. But 
that’s not what we’re talking about.  

Account opening can be incredibly difficult for startups, small businesses, and 
international entrepreneurs.  

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For instance, banks in your home country might refuse to open accounts if 
your company is registered abroad. If they do open accounts, they may 
require the foreign company to jump through a lot of expensive hoops before 
receiving an approval.  

One of the benefits of international & offshore bank accounts is that banks 
abroad are more familiar with the banking needs of foreign companies, 
non-residents, and international businesses. 

As a result, these international banks are often a great solution for any 
business. Especially those that are struggling to open a bank account at 
home. 

Additionally, the services offered by these banks tend to be tailored to 

businesses that engage in international trade or have customers in multiple 
countries. As such, you can usually access a wider range of currencies, better 
rates, and find supportive bankers that want to help your business grow. 

Enhanced Asset Protection 

The need for asset protection, yes even for business, has never been higher. 
This is especially true if your business is engaged in any type of professional 
service or operates in a litigious environment like the US.  

There are countless reasons why someone can sue your business. So the need for 
asset protection extends to absolutely everyone. 

Fact​: If you keep 100% of your business assets in the same country where 
your business operates then you’re exposing your business to serious (​and 
unnecessary)​ legal and financial risk. 

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While there is no such thing as 100% protection, a foreign bank account can 
help make your business a less attractive target for litigation, help diversify 
(​and grow​) your business assets, and minimize risk. In fact, without an 
offshore bank account, your business is exposed. 

And your assets aren’t just at risk when one of the above claims goes 
through. For example, in the US, it’s easy for an overzealous judge to freeze 
assets before due process. That’s very difficult to do if all your business’ 
assets are in a foreign country. 

Asset protection is a major benefit of offshore banking. By simply opening a 

bank account in a foreign country, you can legally protect your business from 
overreaching governments, ambulance chasing lawyers, frivolous lawsuits, 
and unwarranted account freezes and seizures.  

Plus, you ensure that your business always has cash available to protect itself 
when it’s most needed! 

HOW TO OPEN BUSINESS ACCOUNTS 

Right now, many of our ​GlobalBanks Insiders​ are using international bank 
accounts for their businesses to cover expenses overseas. Others are 
business owners looking to pay suppliers in local currencies.  

And some ​Insiders​ use international and offshore business banking to 
diversify outside of their own borders for further protection from shocks in 
domestic financial markets. 

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Whether you are looking to facilitate business, pay expenses, or diversify 
your accounts, the desire to open and maintain an international bank account 
is wise and rational. 

But your reason for wanting an international bank account doesn’t matter, 
it’s your choice. If you want to open an international account, it’s no different 
than choosing to purchase a piece of real estate in a different country, or 
even purchasing clothing from a supplier in a different country. 

Simply put, by looking abroad you can find better service, better quality, and a 
better fit for you, your desires, and your needs. 

But unfortunately, finding and opening an international bank account has 

become significantly harder in recent years. 

And despite advancements in technology that have made much of the 

account opening process more streamlined, good banks are not getting any 
easier to access. But harder doesn’t mean impossible, far from it. 

In fact, there are great bank accounts available for everyone, regardless of 
their personal situation or needs. You just need to know what to prioritize, 
where to find them, and how to present yourself. 

We’re going to talk about all of this in the following pages, preparing you to 
open the best international bank accounts for your business. 

International Bank Account Opening 

Most people don’t understand banking. In fact, to some, thinking about how a 
bank operates and makes decisions is a completely foreign concept. But, 
while international bank account opening can be complex, we’re going to 
simplify it for you. 

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But simplifying doesn’t mean that you’re free from decision-making. It simply 
means that you will be better positioned to make the right decisions. 

Let's start with a few common issues that can lead unprepared applicants 
astray, resulting in long and expensive account opening processes. 

Common Issues New Applicants Face 

● Not understanding the true meaning of the questions that they’re 

being asked by bankers 

● Not understanding the specific documents and supporting proof being 

requested by the bank 

● Triggering additional compliance requirements by not knowing what 

concerns the bank has and then saying the wrong thing 

● Not taking the application process seriously and responding to 

application questions with weak and unconvincing answers 

● Not being able to explain themselves or their businesses to bankers in a 

way that makes sense to compliance 

● Not understanding the root issues related to banks and the reporting 
issues they need to handle carefully for regulatory reasons 

● Thinking that banking is a right instead of a privilege and that they 

should be given an account simply for existing 

Our team has been opening international bank accounts for well over a 
decade, and while some of these issues may seem obvious, we come across 
them too frequently not to mention them here. 

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Before applying for an account, you need to be realistic, informed, and 
prepared. Otherwise, you’re simply setting yourself up for failure. 

Being prepared and being able to address all of these issues head on will 
ensure that you can open an international bank account successfully, so long 
as you go in with the right strategy and choose the right bank. 

GlobalBanks Insiders​ use a specific approach to inform their account opening 

decisions. And in doing so, they're able to access great banks that understand 
their business and actually want them as clients. 

Here’s how GlobalBanks Insiders approach international account opening 

● Target the right banks and bankers before applying for an account 

● Present strengths while sharing all information openly & honestly 

● Understand red-flags and how to not inadvertently raise them 

● Know how to connect with the banker, turning them into an advocate 

● Speak the banker’s language and hear what they are really asking 

● Understand hot button issues related to their client profile 

● Rationalize hot button issues in a language compliance can understand 

● Position themselves as a valuable future client for the bank 

Most of this can be counted as common sense. And, when done correctly, the 
above is a good framework for presenting yourself in any situation. 

Highlighting your strengths, being honest about your weaknesses, and 

connecting with people in a way that makes them appreciate you and your 
time is the key to successfully opening accounts.

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START OPENING ACCOUNTS TODAY 

If you haven’t already taken the next step, we would like to invite you to 
become a ​GlobalBanks Insider ​now. 

When you become a ​GlobalBanks Insider​, you’ll get instant access to all of 
our tools, reports, analyst insights, database, and real-time support. 

Here’s what this looks like... 

Access our entire archive of ​Banking Intelligence Reports.​ Each report includes 
proven strategies for opening accounts in specific jurisdictions with direct 
contact information for banks and bankers.  

GlobalBanks Insiders​ also get access to the ​GlobalBanks Database,​ which 

includes easy-to-digest bank profiles, analyst insights, account opening 
strategies, direct contacts, and information on 250+ banks in 50+ countries. 

And finally, ​GlobalBanks Insiders​ also get ​Real-Time Analyst Support​ through 
chat and email to get their most pressing banking questions answered when 
they need help the most. 

To become a GlobalBanks Insider, simply visit us at GlobalBanks.com and get 

started opening international bank accounts today. 

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