Why do we offer local IBANs?

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Sending and receiving payments in other countries can be an extremely time-consuming and expensive process, marred by exorbitant exchange rates and transactional fees and constant delays and blockages. Moreover, a lot of banks are simply unwilling to deal with small and medium-sized international businesses. The solution is to set up a local account in order to receive payments locally and pay out in the local currency. However, that is not always a solution for non-residents as banks are typically averse to the risks of opening bank accounts for foreign nationals. This is where 3S Money is on hand to help.

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