Collection Accounts
Through our service providers, Universal Partners can organise banking anywhere in the world so that our clients don’t risk jeopardising relationships with their international client-base.
We mitigate the challenges of setting up overseas by opening Collection Accounts with multi-currency IBANS on behalf of clients that receive foreign currencies when selling their products or services. These named accounts are set up in any company name without the time-consuming bureaucracy that is typically involved. More efficient and cost-effective, Collection Accounts enable our clients’ customers to make payments in their own currency to a local bank account, creating a more seamless and trustworthy process.
