Opening corporate bank accounts has become harder, especially for medium and high-risk companies. The process takes longer and banks are more cautious. Damex helps speed up the application process and is skilled at handling medium and high-risk businesses, avoiding delays.
Damex Business can open accounts with International Bank Account Numbers (IBAN’s) for companies based in the EU or the EEA.
Our solution speeds up the process so you can get your new IBAN account in just a few days.
Damex is a partner of Modulr Finance B.V which is authorised and regulated by the Dutch Central Bank (DNB) as an Electronic Money Institution for the issuance of electronic money and payment services.
IBAN accounts can be used to make and receive 3rd party payments. Practically, they serve as corporate operational accounts set up in the client’s name. We can even provide multiple sub-accounts allowing segregation of funds. Clients access their accounts through a Damex-developed portal which lets them execute transactions, view account history, and monitor current transactions. It functions just like an online account with all the usual features.
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Helping medium and high-risk clients improve the efficiency and profitability of their global payments processes
Accessing corporate bank accounts has become more and more difficult over recent years, particularly for companies deemed to be medium or high risk.
Damex offers three alternative custody solutions.
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