Banking
The German banking system is known for its strict regulations and compliance requirements. It has become difficult for foreign companies to open a bank account, particularly for those without an Ultimate Beneficial Owner (UBO). Background checks may take weeks or even months and, unfortunately, often result in a client rejection by the bank.
Arrange your payments with Greenfields
Using Greenfields’ Banking and Cash Management enables you to access a wide range of services under one roof. This includes bank account opening and closing, account maintenance, cash management, and financial reporting. It saves time and, eventually, money, as you will be able to complete all tasks at one place using only the English language.
Cash Management
Banks are nowadays required to have extensive checks on every person accessing a bank account, including a personal identification check. Customers outside Germany are often considered at increased risk. Additionally, banks mostly conduct business only in German and rarely provide staff fluent in other languages. This makes it difficult for non-German speakers to complete the necessary tasks.
Greenfields is able to provide a team of professionals who are highly-trained in managing financial operations and can provide valuable guidance and support. We are familiar with the latest banking tools and trends, which can help you stay ahead of the competition. By using our extensive network of personal contacts, we are looking forward to guide you through the bank account opening procedure and manage all your wire transfers in Germany.
GF Banking & Cash Management
- Opening and closing bank accounts
- Arranging access to bank accounts
- Reviewing and executing wire transfers
- Reports to German Central Bank
- Liaising with Commercial Banks
- Create cash reports
Contact
If you have any questions related to our Banking & Cash Management, feel free to reach out to us at any time:
Private Equity & Venture Capital
Are you a PE or VC looking to expand your operations to Germany?
Family Offices & Private Wealth
Do you wonder what steps a wealthy individual can take to efficiently manage holding companies in Germany?
Real Assets
Real estates, renewable energy plants or a vessel fleet investments are in high demand in Germany.
Start-Ups
Are you searching for ways to efficiently set-up and/or manage your business operations?
Financial Institutions
Whether you're a large Financial Institution (FI) or a micro-finance company, having the right support makes all the difference.