Have you tried to open a European bank (payment) account?
Welcome to the jungle!
For many companies and individuals, international banking is time-consuming, frustrating, expensive. Without a bank (payment) account in Europe, international payments can take almost a week. And due to the required mountain load of documentation it is fair to say that having a non resident bank account is a hassle.
European bank (payment) accounts can be used to receive and make payments instantly. With a EU account, you can centralise incoming and outgoing cash, which makes reconciliation easier. Your manual processes are reduced and the cost of operating the payment account itself is much lower.
Whether you are an entrepreneur, an individual, a business owner, a startup founder or have an international business, you probably know how difficult opening a bank account can be. Moreover, in case you already have a EU bank account, you may have already faced such problems as account freezing or money holding by financial institution.