Open a European Business IBAN Account
Looking to streamline your business operations in the EU? Open a European Business IBAN Account and enjoy fast transactions with no hidden fees or delays, making your global payments cost-effective.
Smooth International Transfers
Transfer and receive funds effortlessly across Europe and beyond, allowing your business to operate without geographical or financial barriers. Simply provide the necessary IBAN number, and you're set for smooth EUR transactions.
No Currency Conversion Fees
Send euro payments directly to your partners or suppliers, bypassing costly currency conversion fees and additional charges. When needed, convert euros into pounds at the current exchange rate and access your funds immediately.
SEPA & SEPA Instant Payments
No more declined payments and waiting for days. With SEPA & SEPA Instant payments using an EU IBAN account, your transactions are processed almost immediately across more than 36 countries.
Opening an EU IBAN account with Transferra is straightforward and entirely digital. Once your account is active, you will be issued a unique International Bank Account Number (IBAN). The IBAN is a standard used by European financial institutions for international payments and consists of up to 34 characters, including the country code, check digits, and your specific bank account number. With that you can make seamless Eurozone transactions via SEPA within seconds.
Why Choose an EU Business IBAN Account with Transferra
Transferra, despite being a UK financial institution, provides a European IBAN account, by that ensuring your payments are accepted across the EU without delays, high fees, or rejections.
By opening an EU account in the UK, you unlock new revenue opportunities in Europe, allowing customers to pay in their preferred currency.
There are no hidden fees or minimum transaction thresholds. Transferra provides a transparent, straightforward solution.
You can open a European IBAN account remotely, allowing you to establish a financial presence in Europe without physically being there.
Business industries already benefiting from Transferra's services
IT industry
- Technology startups
- Software development companies
- IT outsourcing companies
SaaS & Cloud-Based Platforms
- SaaS Providers
- Cloud Service Platforms
- Subscription-Based Software Companies
Digital Marketing
- Social Media agencies
- Advertising agencies
- Digital agencies
eCommerce & Online Retail
- Online Retailers and Marketplaces
- Subscription-Based Businesses
- Dropshipping Companies
Enjoy More Transferra Features
Apple Pay & Google Pay
Whether you're making big purchases or managing daily expenses, use your unlimited debit cards across Apple Pay and Google Pay for maximum convenience.
Personalised Support
Every client is paired with a Dedicated Manager who offers expert guidance and individual support on any matter. Whether you need help managing your accounts or having trouble with transactions.
Cross-border Payment Methods
Easily transfer money locally in UK and worldwide with SWIFT, Bacs, Chaps, and Faster Payments, reaching over 180 countries.
Favorable FX Rates in 35+ Currencies
Benefit from competitive exchange rates, and convert money in seconds into over 35+ currencies. Enjoy real-time conversions with no hidden fees.
Easily Open a European IBAN Account at Transferra
With Transferra, you can open an EU account online without visiting a branch. Business accounts are opened in 3 days, and individual accounts are ready in just 1 day.
01
Register an account on Transferra
Enter your phone number and create a secure password. You'll receive a verification code. Once verified, select whether you want to open a business or personal account.
02
Provide Supporting Documentation
You must upload copies of documents to the system at this stage. The requirements will differ depending on the type of account you have chosen.
03
Wait until your data is fully verified
Once your European IBAN account is approved, you can start sending and receiving payments internationally without delays and extra costs.
Frequently Asked Questions
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Can You Open a European Account in the UK?
Yes, with Transferra, it is possible to open an EU IBAN account in the UK. As a UK-based financial institution, we provide seamless access to European IBANs for individuals and businesses, what allows you to manage your international transactions.
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What are the advantages of having an EU IBAN account in the UK?
The main benefit is that an EU IBAN account in the UK allows you to make transactions without cross-border additional fees or delays. It’s an ideal solution for receiving payments from European clients, making transfers through SEPA, or conducting business in the EU without needing a physical European presence.
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Will my EU IBAN account be subject to Brexit-related restrictions?
No. Even though the UK is no longer part of the European Union, Transferra offers EU IBANs that are fully functional within the SEPA network. This guarantees that you can make euro transfers across Europe without Brexit-related issues.
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Can I send and receive SEPA payments with an EU IBAN?
Yes, Transferra’s EU IBAN accounts are SEPA-friendly, allowing you to send and receive SEPA transfers across the European Union and other SEPA member countries.