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What is a current account and how do I use it?

A WestStein current account is a bank account specifically designed for businesses and legal entities. WestStein provides a wide range of services to manage your company’s finances through a current account.

At WestStein, an online business account carries the main key benefit of convenience. You can transact with your account online, anytime and anywhere. This means that you can control your finances without leaving your workplace or even the country.

In addition, an online checking account with WestStein offers transparent and competitive rates. You know how much you are paying for the bank’s services and can avoid hidden fees and charges.

Another important aspect is security. WestStein provides strong protection for your finances against fraud and unauthorised access.

Finally, a WestStein current account provides access to a wide range of financial tools such as employee cards, international transfers and integration with accounting software.

For which cases it is necessary to open a current account with WestStein

Opening a current account with WestStein can be appropriate in many cases, especially when a company has business activities in Europe or European Union countries. Here are a few situations where it may be particularly useful:

  • International Transactions. If your company engages in international trade or has business partners in Europe, a virtual debit card will simplify the process of making payments and transfers.
  • Business and travel expenses. If your company often sends its employees on business trips or participates in international exhibitions and conferences, the WestStein Mastercard debit card will help you effectively manage your foreign currency expenses.
  • Savings on fees. WestStein offers competitive rates and minimal transaction fees, allowing companies to reduce their banking costs.
  • Financial Management. With WestStein’s online banking, companies can easily track their financial transactions, control expenses and receive detailed fund flow reports.
  • Security and convenience. WestStein provides a high level of security for checking accounts as well as the convenience of online financial management tools.

Based on the above, a current account can be an important step for companies wishing to effectively manage their finances in Europe and beyond.

The process of opening an account

The process of opening an account with WestStein is a quick and convenient process that allows companies to access a wide range of financial services. To open a business checking account, you should follow the following instructions:

  1. Document preparation. Before proceeding to the account opening procedure, the company should prepare the required data and scans: identity card of the company’s authorised persons, registration certificate and so on.
  2. Filling out the application online. The financial company WestStein allows you to fill out an application on the website. In the application form it is necessary to specify the basic data about the company and its directors.
  3. Confirmation of identity. In order to confirm the identity of the authorised persons of the company, it may be required to provide scans of documents or other identification materials.
  4. Signing of the contract. After verification of the provided documents and confirmation of identity, the company and WestStein conclude a financial services agreement.
  5. Obtaining a charge card. Upon successful completion of the account opening process, the company receives a settlement card that allows for various financial transactions.
  6. Managing the account. Once the account is created, the company can manage the account through online banking, make payments, monitor the balance, etc.

Opening a current account with WestStein is an easy and efficient way to provide your company with access to modern financial tools and services.

Why a WestStein current account only in Euro?

Firstly, the Euro is one of the most widely used currencies in international financial transactions. This provides convenience for customers trading or doing business with partners from different countries.

Secondly, using the Euro can reduce currency risks for companies, especially if their main trading partners are located in countries that use this currency. This avoids losses from volatility in the exchange rates of different currencies.

The third advantage is that the euro is a stable currency, which ensures that funds can be safely stored and financial transactions conducted without significant exchange rate fluctuations.