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Knowledge base

Your online library to business banking. Receive detailed information about payment networks like SEPA or SWIFT, learn about IBAN format, and find out why digital banks might suit you better than traditional banks.

Most popular categories

Banking insights
Reviews
Business tips
International payments

WorldFirst vs. Wise: Side-by-Side Comparison

If you're considering multi-currency accounts, you may be comparing WorldFirst vs Wise. Discover which suits your company needs best in our comprehensive review.

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What is a multi-currency wallet?

All you need to know about multi-currency wallets, explained in simple terms. Definition, benefits, when it's for you and what to consider before applying.

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Paying suppliers: Is it better to pay in local currency?

Local vs home currency: Which should you use to pay foreign suppliers? Explore benefits, challenges, and practical considerations for SMEs.

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Wise Business vs. Revolut Business: Side-by-Side Comparison

Insightful comparison of Wise vs Revolut Business Accounts in 2024: Fees, features, advantages, and potential limitations.

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Opening a euro account in UK for business (2024)

A simple guide to opening a euro account as a UK business. Exploring foreign currency accounts with traditional banks and online options.

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Can't open a business bank account: Main reasons & Solutions

Uncover the reasons behind denied bank account applications from a financial institution's viewpoint. Gain valuable advice for your business banking needs.

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Opening a US bank account as a UK business

Explore expert insights and practical tips for opening a US business account for your foreign company.

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How to protect your business from common types of fraud

Explore how to spot, prevent, and react to modern business fraud scenarios. Get tips on safeguarding your company's finances.

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International Bank Accounts: Must-Have Business Feature List

How to know if the service is right for your company? Check against these essential features before settling for an international bank account.

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USD account in UK: Which is Right for Your Business?

Discover how a dollar account in the UK can transform your business dealings with the US. Learn about the available options, and make an informed decision.

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Can you deposit foreign currency into a UK bank account?

Discover how to receive foreign payments in the UK, including traditional banks, foreign and multi-currency accounts, and when you should consider alternative options.

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International B2B Payments: Trends & Solutions for SMEs

Discover the B2B global payment landscape and tips for SMEs to transact across the UK, EU, US, and globally.

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Payoneer vs. Wise (ex TransferWise) vs. MultiPass for Business

Compare Payoneer, Wise and MultiPass: accounts, currencies, pricing, support and distinctive features. Find the best fit for your business.

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Renminbi vs. Yuan: What's the difference for your business?

A simple guide to Renminbi & Yuan, CNY & CNH and the role of Chinese currency in international business.

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How do cross-border payments work?

Learn the A to Z of cross-border payments: how money is sent between countries, payment methods, tips and more.

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What is BACS? Full Guide to BACS payments

Explore BACS payments, a cornerstone of the UK's financial ecosystem. Discover its types, processes, costs, and more.

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The Difference Between Correspondent, Intermediary and Beneficiary Banks

A simple explanation of Correspondent, Intermediary, and Beneficiary Bank roles in cross-border payments.

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Wise vs. Airwallex vs. MultiPass: What to choose for your business?

If you're considering multi-currency accounts you may be comparing Wise vs Airwallex vs MultiPass. Discover which solution suits your business best in our new post.

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How to work with Chinese business partners?

Unlock the secrets of China's work culture! Learn the nuances, traditions and communication mistakes to avoid when building business relationships.

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Bank closed my business account: What to do?

It's not uncommon for banks to close business accounts without providing a clear reason. Learn why this happens and what to do next.

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Documents that can be used as proof of address

From utility bills to tenancy agreements – explore the list of commonly accepted documents for personal and business address verification, and learn more about the process.

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What to choose for business: Electronic money institution vs traditional bank account

Discover the pros and cons of E-Money Institutions and Traditional Banks for businesses to make a strategic financial decision that aligns with your goals.

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Who is an Ultimate Beneficial Owner (UBO)?

Ultimate Beneficial Owners or UBOs – who they are, why their identification matters and how this process looks like for financial institutions.

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9 Reasons to Separate Business and Personal Bank Accounts

Discover why separate business & personal bank accounts matter! Legal, financial & business implications explained.

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IBAN discrimination – everything you need to know and what to do about it

Despite being illegal under SEPA regulations, IBAN discrimination is still a common issue. Learn the reasons and how to address it.

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Virtual IBAN: What is it and do you need it for your business?

Discover the difference between IBANs and vIBANs, and how modern businesses leverage virtual account details.

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How to transfer large sums of money for business internationally

Battle stuck, returned or overpriced cross-border payments. In this guide, we look into different ways of moving thousand of dollars, pounds or other currencies abroad.

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Opening a business bank account in the EU as a non-resident

Opportunities, challenges and pitfalls of EU business banking for non-residents. Gain insights into key considerations before applying for an account.

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How to track an international wire transfer?

How are SWIFT payments tracked? Learn the step-by-step process of tracking international wire transfers. Discover tips for quicker payment delivery.

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What is an EFT payment (Electronic Funds Transfer)?

Everything you need to know about EFT – examples, key features, benefits and more – in a simple short guide.

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SWIFT, SEPA, BACS, CHAPS and Faster Payments: what’s the difference?

In this article, we take a closer look at the payment methods used for GBP, EUR and international multicurrency transactions.

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What is a Virtual Card and Its Business Benefits

Discover the power of virtual cards for businesses. Learn how they work, their benefits, and how they can streamline your financial transactions.

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What are neobanks and what's different about them?

Neobanks 101: all you need to know about the new market players and how their business model and functionality compares against ye olde brick-and-mortars.

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How to Pay International Employees: A Deep Dive Into All Key Considerations

An educational piece of content for entrepreneurs wishing to hire workforce globally: legal aspects, payment options & useful tips.

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Interbank exchange rate: what it is and how does it work?

Learn the basics about the interbank rates, how they affect the FX offer that you get and why everyone is so obsessed with them.

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How to calculate exchange rate?

A comprehensive guide to everything FX: exchange rate types, formula, examples and more.

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How long does a bank transfer take?

In this blog we tackle how long it takes for different bank transfers to reach their recipients – and several related questions you might find useful.

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What is a SWIFT payment and how does it work?

SWIFT transfers, explained. Everything from how they work and who uses them to SWIFT charges and other valuable information.

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What is SEPA (Single Euro Payments Area) and how does it work?

Simple answers to important questions: what is SEPA, why it was created, who uses this payment method and more.

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