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Key factor: Why DNBC excels in international money transfers?

DNBC News

Key factor: Why DNBC excels in international money transfers?

DNBC Team DNBC Team

Oct 25, 2023

Nowadays, international money transfers are continuously on the rise due to individual demands and business-related payments. However, many businesses face challenges in international money transfers for two main reasons:

  • International laws and regulations tightly control cross-border money transfers due to concerns about foreign exchange & currency outflows, and difficulties in monitoring cash flows abroad…
  • Laws and regulations on Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) are being strictly imposed on any business transactions. These make most financial institutions and banks tighten their regulations. This results in businesses struggling with numerous procedures and required documentations.

Hence, choosing a qualified institution becomes crucial for seamless international transactions in each business.

Let’s take a glance at some money transfer methods to discover how they can support your business.

1. Transfer money abroad via black markets

This method involves sending foreign currency through businesses dealing in foreign exchange, precious metals, and gemstones. It’s illegal but quite common.

Transferring money abroad via black markets is illegal but quite common

Transferring money abroad via black markets is illegal but quite common.

Advantages:

  • Flexible and quick transaction timing.
  • No need for complex paperwork and lengthy procedures.

Disadvantages:

  • Illegal, lacking assurance and commitment attached in case of losses.
  • High level of risk, lacking safety or potential for fraudulence.
  • High fees due to service charges and exchange rate differences.
  • No detailed 1-on-1 support offered.

2. Transfer money abroad via traditional banks

This is a quite common method preferred by most individuals:

It’s required to visit the bank counter during business hours

It’s required to visit the bank counter during business hours.

Advantages:

  • Transfer in many foreign currencies.
  • Unlimited sending and receiving of money.
  • Strong data security measures.

Disadvantages:

  • It’s required to visit the bank counter during business hours.
  • Waste a lot of effort and time on legal documentations and paperwork.
  • Time-consuming due to waiting in line at the bank so long.
  • No detailed 1-on-1 support offered.

3. Transfer money abroad via international money transfer providers

This method involves transferring money through intermediary financial institutions that specialize in foreign currency transactions and operate globally.

It’s popular to transfer money abroad via international money transfer providers

It’s popular to transfer money abroad via international money transfer providers.

Advantages:

  • It isn’t required for the sender to have a bank account.
  • The recipient can receive funds in their foreign account or in cash.
  • Flexible and fast transfer.

Disadvantages:

  • Exchange rates are unclear and continuously fluctuating.
  • Fees can be added due to exchange rate conversions.
  • Hidden fees may only show upon transaction initiation.
  • No detailed 1-on-1 support offered.

As mentioned, each money transfer method has its own advantages and disadvantages. However, a key factor for each business is dedicated 1-on-1 support.

Without being offered 1-on-1 support, you might be:

  • Facing challenges in preparing all legal documents for opening a business account. Uncertainty about the required paperwork will lead you to confusion and distraction. Your time, effort, and resources can be wasted.
  • Getting unfamiliar with procedures such as account opening, depositing funds, or making international transfers. Struggling with these procedures on your own can lead to fear of making mistakes, and feeling reluctant.
  • Lacking empathy and emotional understanding in reply to your emotions in your case when you are confused, tired or seeking reassurance.

Fortunately, DNBC Financial Group offers professional 1-on-1 support to overcome these disadvantages and leverage the advantages of international money transfer methods.

DNBC Financial Group offers professional 1-on-1 support

DNBC Financial Group offers professional 1-on-1 support.

DNBC Financial Group is your trusted provider in transferring money internationally.

Get 100% free 1-on-1 support

100% free account opening

Seamless onboarding process

With a dedicated team of experts with 1-on-1 assistance, DNBC Financial Group facilitates you to prepare and consult on documentation requirements. If you’re unsure about the necessary paperwork, and face challenges with lengthy documents, their support ensures you’re well-prepared. With their help, you can shorten the time on preparation procedures and show you what to do next.

Regardless of any financial institution, it’s compulsory to obey AML and CTF in any circumstances. In essence, it’s not easy for businesses to transfer money internationally but DNBC makes the process of opening a business account more seamless.

With years of experience dating back to 2017 and operating across 170 countries and territories, DNBC helped thousands of businesses to transfer money successfully. Their team mastered international laws, especially anti-money laundering and foreign exchange regulations. They guide you through all steps, ensuring efficiency and cost-effectiveness, saving you time and effort.

You’ll never be left behind or feel alone with their presence. You’re not a normal customer; you’re welcomed like a VIP.

  • You don’t know how to prepare legal documents for account opening? Don’t worry. DNBC Financial Group will offer you 1-on-1 support.
  • You don’t know how to open an account at DNBC? Don’t worry. DNBC Financial Group will offer you 1-on-1 support.
  • You don’t know how to make international transactions? Don’t worry. DNBC Financial Group will offer you 1-on-1 support.
  • You don’t know about DNBC’s offers? Don’t worry. DNBC Financial Group will offer you 1-on-1 support.
  • …..or any questions you need to answer! Don’t worry. DNBC Financial Group will offer you 1-on-1 support.

In more details, you’ll receive 1-on-1 support through platforms such as WhatsApp, Viber, Telegram, Livechat, Email, etc. Moreover, they can facilitate video calls, allowing screen sharing and conducting interviews for a more interactive experience.

If you have any questions, DNBC Financial Group will offer you 1-on-1 support

If you have any questions, DNBC Financial Group will offer you 1-on-1 support.

DNBC Financial Group has been well-known for its supportive approach towards business, especially in startups and SMEs, so they provide you with:

  • 100% free account opening: This means you won’t be charged any initial fees when opening an account, allowing you to get started without any financial burden.
  • Get 100% free 1-on-1 support until you are satisfied and have successfully opened your account.
  • Seamless onboarding process: DNBC ensures that the onboarding process is seamless. This involves streamlined procedures that minimize paperwork and waiting time.

By professional 1-on-1 support, DNBC Financial Group will contribute to your professional development and ensure your seamless money transfer.

DNBC Financial Group is your trusted provider in transferring money internationally.

Get 100% free 1-on-1 support

100% free account opening

Seamless onboarding process

Note: The content in this article is for general informative purposes only. You should conduct your own research or ask for specialist advice before making any financial decisions. All information in this article is current as of the date of publication, and DNBC Financial Group reserves the right to modify, add, or remove any information. We don’t provide any express or implied representations, warranties, or guarantees regarding the accuracy, completeness, or currency of the content within this publication.